REGINA, March 9, 2015 /CNW/ - Smart Employee Benefits,
Inc. ("SEB") (TSX VENTURE:SEB) today completed its
acquisition of Regina-based
Paradigm Consulting Group Inc. and Winnipeg-based PCGI Consulting Services,
substantially increasing SEB's Western Canadian presence. The
acquisition was announced in August
2014.
Paradigm is a strategic acquisition for SEB delivering
significant government and corporate client relationships along
with technical skills and expertise enabling SEB to compete more
effectively in Western Canada,
particularly in the areas of healthcare and benefits management.
The Paradigm acquisition builds on SEB's earlier successes in
developing a presence in Western
Canada. The transaction will provide a stronger local
presence coupled with an enhanced delivery capability to service
and manage important client relationships in this marketplace.
Mark Hustak, President and CEO of
Paradigm, stated that the merger with SEB is an excellent corporate
fit that will allow the company to increase the breadth of services
Paradigm offers to customers.
"Having grown unique specialties in healthcare IT and managing
and transacting big data, SEB has the ability to significantly
deepen our expertise in our current markets and beyond," he said.
"With SEB, we are poised for delivery of high value-add
solutions that satisfy customers' most relevant needs in the
growing demand for immediate Business Intelligence around Big
Data."
After an 18 month-long examination of growth prospects, this
transaction is a logical progression for Paradigm, a company
founded in Regina and later
expanded to include a Winnipeg
office, Hustak added.
Over the past 24 years Paradigm and PCGI have provided
management consulting, change management, and application and IT
services to corporate and government clients throughout the Prairie
Provinces. Paradigm has more than 150 consultants, mostly
employees, who service a legacy client base where the top 10
clients have an average engagement history of over 12 years.
Paradigm's unique specialty practices and strong client
relationships include healthcare, government, technology
integrators, insurance and utilities. The SEB Group gives Paradigm
the opportunity to incorporate advanced software and solutions that
will deliver significant added value for the majority of Paradigm's
client base.
"SEB has made significant progress in establishing a footprint
in Western Canada. The addition of
Paradigm gives SEB the local presence and delivery capability to
expedite and expand this footprint. The combination of Paradigm and
SEB significantly enhances the opportunity for both companies to
become a larger player in Western
Canada in providing technology solutions to clients,
particularly solutions for healthcare, disability. wellness, and
benefits management," Hustak said.
"The merger with SEB provides outstanding career growth
opportunities for all of Paradigm's existing employees and exciting
new opportunities for new employees…creating new jobs in
Saskatchewan and Manitoba. Paradigm will continue to operate
under its current brand name Paradigm Consulting Group Inc. and
maintain the employee culture that has given Paradigm its
exceptional reputation in the marketplace," Hustak concluded.
John McKimm, SEB
President/CEO/CIO added, "Paradigm's experience and enviable
references add to our growing Canadian presence, particularly in
Saskatchewan and Manitoba, both long time innovators of
healthcare services. This acquisition is in line with our focus on
deepening client relationships in government and healthcare in
Western Canada. Paradigm brings
both important client relationships and technology expertise that
add to SEB's suite of solutions and services, enhancing SEB's
technology offerings and significantly increasing SEB's delivery
capability to corporate and government sectors in Western Canada. SEB has substantial client
opportunities in Western Canada
for its technology solutions and the Paradigm acquisition is
expected to significantly increase the success of these
opportunities. Paradigm's executive management and employees are
very experienced and highly regarded in the marketplace."
About SEB……SEB is a technology company with two
divisions, the Benefits Division and the Technology Division,
providing business processes software, solutions and services to
corporate and government clients with specialty practices focused
on managing group benefit solutions and health claims processing
environments. The core expertise of the SEB Group of
Companies is managing and reporting on Big Data, including
transaction processing in complex global Supply Chain
environments. This expertise is uniquely adaptable to the
"Benefits" and "Health-Care" industries.
SEB has offices in:
Canada: Regina, Winnipeg, Mississauga, Ottawa and North
Bay
India:
Hyderabad
United Arab Emirates: Dubai and Ras Al
Khaimah
SOURCE Smart Employee Benefits, Inc.