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
United Arab Emirates: Dubai and Ras Al Khaimah
SOURCE Smart Employee Benefits, Inc.
Image with caption: "Logos: Smart Employee Benefits, Inc. & Paradigm Consulting Group Inc. (CNW Group/Smart Employee Benefits, Inc.)". Image available at: http://photos.newswire.ca/images/download/20150309_C8866_PHOTO_EN_12939.jpg
For further information: Mark Hustak, President/Chief Executive Officer, (306) 596 5553, [email protected]