TORONTO, ON--(January 12, 2016) - Symbility Solutions Inc. (TSX VENTURE: SY), a global software provider dedicated to developing applications for the insurance industry, is pleased to announce a strategic partnership with CoreLogic Asia, a wholly owned subsidiary of CoreLogic (NYSE: CLGX) and provider of global property information, analytics and data-enabled services, to distribute and implement Symbility's cloud-based technology in Australia and New Zealand.
CoreLogic Asia (formerly RP Data), is headquartered in Sydney, Australia, and is a leading provider of residential and commercial property information, including real estate data, electronic property valuations and consumer reports, throughout Australia and New Zealand. CoreLogic Asia will act as a value-added reseller of Symbility's product suite with initial deployment focused primarily on insurance carriers and the supporting vendor network. CoreLogic Asia serves more than 160,000 end users, including real estate agents, valuers, financial institutions, insurance companies and government entities.
CoreLogic Asia Chief Executive Officer, Graham Mirabito said, "This newly-formed partnership and product initiative between Symbility and CoreLogic demonstrates our combined commitment to helping the broader insurance industry simplify the claims process and improve the customer experience via data driven cloud-based workflow solutions."
"Symbility's partnership with CoreLogic Asia is a significant step in bringing our cloud-based claims solutions to a new and previously unexplored market," commented James Swayze, CEO, Symbility Solutions. "CoreLogic Asia's significant market penetration combined with their existing knowledge of the Oceania insurance industry will assist Symbility in expanding our footprint and creating an important gateway to the Asia Pacific region."
CoreLogic Asia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic Asia provides property information, analytics and services across Australia and New Zealand and is currently developing and growing partnerships throughout Asia. With Australia's most comprehensive property databases, the company's combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over 11,000 customers and 120,000 end users, CoreLogic Asia is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government. CoreLogic Asia delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic Asia to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 480 people at nine locations across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.
About Symbility Solutions ® Inc.
Symbility Solutions (TSX VENTURE: SY) is a global provider of cloud-based and mobile-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. Symbility's mobile innovation division, BNOTIONS, focuses on the design and development of leading technologies in the areas of mobile, the Internet of Things (IoT), Machine-to-Machine (M2M), and wearables. For more information, please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.
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James R. Swayze
Chief Executive Officer
Symbility Solutions Inc.
Lucy De Oliveira
Global Marketing Director
Symbility Solutions Inc.
Blair R. Baxter
Chief Financial Officer
Symbility Solutions Inc.
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