SBC is a leader in employee benefits administration systems.
TORONTO, Jan. 31, 2012 /CNW/ - Morneau Shepell is pleased to announce
that it has acquired the business of SBC Systems Company, Inc., a
leading provider of employee benefits administration systems, with 2011
revenues of approximately $7 million. Based in Atlanta, Georgia, SBC
serves clients across the U.S. in a wide variety of industries.
"We are delighted with this acquisition which shows our continued
commitment to the benefits administration market in the U.S.," says
René Beaudoin, Executive Vice President, US Region and Chief Technology
Officer of Morneau Shepell. "This acquisition will help broaden our
reach across the U.S. and improve our suite of offerings for current
and future clients."
SBC's platform manages benefits plans both onsite and through a SaaS
(Software as a Service) model. It provides self-service functionality,
management reporting, workflow, and integrates with vendors and
internal departments, making it easier to manage benefits. The platform
can handle multiple business units or country operations in a single
"The SBC management team sees significant opportunity in joining a large
and innovative player in administration solutions like Morneau
Shepell," says Peggy Horn, President of SBC. "With the backing of
Morneau Shepell, we are very excited about the road ahead, both for our
business and our existing clients."
Morneau Shepell Ltd.
Morneau Shepell Ltd. ("Morneau Shepell") is the largest Canadian-based
firm offering industry-leading benefits and pension consulting,
outsourcing, as well as health and productivity solutions. The company
works with clients to develop end-to-end insights and solutions that
integrate with their business strategies to achieve results. Through
Benefits and Health Solutions Consulting, Pension Consulting, Health
Management, Administration Solutions and Shepell•fgi's Employee
Assistance Program, Morneau Shepell helps clients reduce costs,
increase employee productivity, and improve their competitive positions
by supporting their employees' financial security, health and
Established in 1966, Morneau Shepell serves over 8,000 clients, ranging
from small businesses to some of the largest corporations and
associations in North America. With approximately 2,500 employees in
offices across North America, we provide services to organizations
across Canada, in the United States and around the globe.
Morneau Shepell's parent company, Morneau Shepell Inc., is a publicly
traded company on the Toronto Stock Exchange (TSX). For more
information, visit www.morneaushepell.com.
SBC Systems Company, Inc.
Since 1977, SBC Systems Company, Inc. has developed software to manage
the complexities of employee benefits administration. SBC Systems'
primary business is employee benefits management software (design,
implementation and support) and our employees have extensive benefits
consulting, administration and management backgrounds. Our benefits
management focus has allowed us to develop a product specifically
designed to help outsourcers, plan sponsors, and associations deal with
complex benefit plan provisions, communicate those provisions, and to
manage the data and processes associated with administering their
plans. As technology and benefit plans have changed over the years, SBC
Systems' mission has remained the same -- to leverage leading-edge
technology to deliver world-class, flexible employee benefits
administration solutions. SBC Systems Company, Inc. is headquartered in
Atlanta, Georgia, and is part of a joint venture with SBC Systems UK,
headquartered in London, England.
SOURCE Morneau Shepell Ltd.
For further information:
For media inquiries, please contact: