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Property Estimating Services and Products for Claims


Symbility and Marshall & Swift/Boeckh Join Forces to Create a Best-of-Breed Solution for the Property Claims Industry

TORONTO, ONTARIO and MILWAUKEE, WISCONSIN -- (January 25, 2012) Symbility Solutions Inc.®, a wholly-owned subsidiary of Automated Benefits Corp.® (TSX:V – AUT), and Marshall & Swift/Boeckh, a wholly-owned subsidiary of Decision Insight Information Group, today announced that they have entered into a definitive arm’s length agreement under which Symbility will acquire MSB’s claims division (the "Acquisition") in exchange for the issuance to Decision Insight of such number of common shares of Automated Benefits ("Common Shares") as is equal to 30 percent of the Common Shares issued and outstanding immediately following such issuance, after adjusting for issued and outstanding options to acquire Common Shares ("Options").

Based upon the number of Common Shares and Options issued and outstanding on January 24, 2012, and the weighted-average trading price of the Common Shares on the TSX Venture Exchange ("TSX-V") for the 10 trading days ended January 24, 2012, the Acquisition would result in the issuance to MSB and/or certain of its affiliates of 51,982,216 Common Shares, having a value of approximately C$16.8 million. The actual number of Common Shares issuable to MSB and/or certain of its affiliates pursuant to the Acquisition is subject to change and will be based upon the number of Common Shares and Options issued and outstanding, as well as upon the trailing 10-day weighted-average trading price of the Common Shares on the TSX-V, as at closing of the transaction ("Closing").

In addition, in connection with the Acquisition, Decision Insight has agreed to purchase by way of private placement at a price of $0.27 per Common Share (the "Private Placement") a further number of Common Shares equal to 3.29% of the Common Shares issued and outstanding immediately following the issuance of Common Shares to Decision Insight pursuant to both the Acquisition and the Private Placement, after adjusting for issued and outstanding Options. Following completion of the Acquisition and the Private Placement Decision Insight will become the largest shareholder of Automated Benefits, with 33.29 percent of the Common Shares, including Common Shares issuable upon the exercise of Options.

Based upon the number of Common Shares and Options issued and outstanding on January 24, 2012, and the weighted-average trading price of the Common Shares on the TSX-V for the 10 trading days ended January 24, 2012, the Private Placement would result in the issuance to MSB and/or certain of its affiliates of an additional 7,124,450 Common Shares for gross proceeds to Automated Benefits of approximately C$1.9 million. The actual number of Common Shares issuable to MSB and/or certain of its affiliates pursuant to the Private Placement is subject to change and will be based upon the number of Common Shares and Options issued and outstanding, as well as upon the trailing 10-day weighted-average trading price of the Common Shares on the TSX-V, as at Closing.

"Bringing together Symbility’s leadership in workflow and property estimating technologies with MSB’s 80 years of expertise in property cost data and analytics under a single corporate structure will allow us to leverage the specific strengths of each company to offer the market a new choice," announced James Swayze, Chief Executive Officer, Symbility Solutions. "We are extremely excited to be adding a team of claims industry professionals with decades of experience and subject matter expertise. Current and prospective customers will benefit from a customer-centric software organization that delivers flexible solutions to provide their policyholders a better claims experience. We believe that shareholders of Automated Benefits will also gain from top-line and bottom-line growth that we expect the transaction to generate. MSB and Automated Benefits estimate that current run rate annualized revenue from the MSB claims division is approximately $8 million and that the division is profitable (excluding discontinued software development costs) at this time."

"Joining forces with Symbility will accelerate our growth in the claims market and complement our underwriting franchise," stated Chris Cartwright, Chief Executive Officer, MSB and Decision Insight Information Group. "The integration of MSB’s data solutions with Symbility’s technology solutions supports our strategy to be the premier enterprise information, analytics and workflow provider for property insurers. We believe this innovative, market-driven solution will provide the best option for property insurers to manage their operations effectively."

"TPG is excited about this strategic transaction," added Nehal Raj of TPG. "We look forward to working with the management team as board members and long-term shareholders of the company."

Additional Details for Investors

The transaction, including approval of Decision Insight as a new control person of Automated Benefits, must be approved by shareholders of Automated Benefits at a special meeting of shareholders to be called and held to consider the transaction. Closing of the transaction is expected to occur in April 2012, subject to customary closing conditions and required regulatory approvals.

About Marshall & Swift/Boeckh (MSB) and Decision Insight Information Group

Marshall & Swift / Boeckh (MSB) is the creator of total component data for property valuation and the leading provider of building cost estimating, book of business management, and rule-based claims estimating and analytics solutions for property insurance companies. Over eight decades, MSB has consistently delivered innovative solutions, analyzing our customer’s property operations and providing insight and assistance to improve their business results. MSB is a Decision Insight Information Group company.

Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, and Wertweiser, a joint venture with HVB Bank, in Germany. Decision Insight has 1,100 employees in 16 offices. Decision Insight is a portfolio company of TPG Capital. msbinfo.com

About Automated Benefits Corp.

Automated Benefits Corp.® (TSX:V – AUT) is a progressive software company dedicated to developing applications for the insurance industry in North America and Europe. The organization currently has two platforms: Symbility® and Adjudicare®.

Symbility Solutions provides powerful, accurate and easy-to-use claims processing and estimating software solutions for Property & Casualty Insurers. Our collaborative workflow management, mobile estimating and claims triage solutions allow insurers to reduce costs while delivering a market leading claims experience. symbility.net

Adjudicare is an advanced, practical software solution used by a network of Employee Benefits Brokers and Third Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare’s rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners’ customers optimum flexibility, along with transparent disclosure on the benefit plan’s financial performance.


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