December 10, 2016 7:38 PM ET

Commercial Services and Supplies

Company Overview of Symcor, Inc.

Company Overview

Symcor, Inc. provides outsourced financial processing services for retail, banking, credit cards, wealth management, insurance, telecommunications, and utilities industries in Canada. It offers item processing, cash management, and integrated statement services; and print and electronic solutions. The company was founded in 1996 and is based in Mississauga, Canada with offices and operational facilities in Canada and the United States.

1 Robert Speck Parkway

Suite 400

Mississauga, ON L4Z 4E7

Canada

Founded in 1996

Phone:

905-273-1000

Fax:

905-273-1001

Key Executives for Symcor, Inc.

Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Senior Vice President, Secretary and General Counsel
Chief Human Resources Officer and Senior Vice President
Senior Vice President and General Manager of Integrated Statement Services
Compensation as of Fiscal Year 2016.

Symcor, Inc. Key Developments

Symcor Announces Alliance with Majesco to Deliver Canadian Insurers a Cloud-Based Solution

Symcor Inc. announced a strategic relationship with Majesco. The strategic relationship adds Majesco's software to Symcor's cloud and outsourcing capabilities to provide an Insurance as a Service (IaaS) solution, enabling Symcor to expand its solution and service offerings to the Canadian Property and Casualty (P&C), Life and Annuity (L&A) and Group insurers. Symcor's new offering will deliver expanded business process services including First Notice of Loss and Billing as a Service, augmenting Symcor's current market leading customer communication, document management, mailroom and lockbox services. The combined services diversify Symcor's portfolio and establish a Canadian focused Insurance as a Service solution. Symcor will now be able to provide an innovative business solution to Canadian insurers, delivering: Improved operational efficiency and economies of scale, Customer-centricity across all lines of business, Distribution channel flexibility and expansion and Best practices to enhance business operations. With this new IaaS solution, insurers can reallocate capital to business growth versus technology and infrastructure. The Symcor cloud-based insurance platform is also uniquely positioned to enable small to mid-size insurers access to industry leading core insurance systems, enhancing the insurers' efficiency, operational integrity and business insights. Symcor believes there is a robust opportunity in Canada to target this market with hosted and outsourced solutions.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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