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The transaction to acquire Marshall & Swift/Boeckh’s (MSB) claims division has been completed, reports Symbility Solutions Inc., a wholly-owned subsidiary of Automated Benefits Corp., provider of claims processing and estimating software for the property & casualty (P&C) insurance industry,.

MSB is a wholly-owned subsidiary of Decision Insight Information Group, Inc.  Decision Insight is indirectly wholly-owned by Property Data Holdings Ltd., a portfolio company of TPG Capital.

As part of the transaction, Automated Benefits issued 52,189,286 common shares with an approximate value of C$18.1 million, to MSB and certain of its affiliates, which represents 30 percent of the common shares issued and outstanding immediately following the issuance, after adjusting for issued and outstanding options to acquire common shares.

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