Symbility announces contract extension with Rainbow Germany

TORONTO, Aug. 15, 2017 /PRNewswire/ - Symbility Solutions Inc. ("Symbility" or the "Company") (TSX.V: SY), a global software company focused on modernizing the insurance industry, is pleased to announce that Rainbow International Systemzentrale Deutschland GmbH ("Rainbow Germany"), a sister company of Rainbow International® Inc., has extended its agreement over a multi-year period to continue using Symbility's Claims Connect® and Mobile Claims®.

"We are very pleased with the growth we are experiencing in Germany and the expansion of our contract with Rainbow International is testament to the digital change we are driving in Europe," said James Swayze, CEO of Symbility Solutions. "Rainbow has demonstrated leadership in embracing modern technology platforms like Symbility to assist their clients which is helping accelerate deployment with insurance companies and transforming the market in Germany."

"Digital achievements continue to simplify our daily lives and we actively seek to leverage technology to the benefit of our clients," said Hartwig Finger, Managing Director of Dwyer Group Europe and Rainbow International Germany. "Rainbow International Germany stands for high quality, professional damage management and innovation in the field of technology, which is why we have elected to extend our agreement with Symbility with full conviction. The integration of mobile damage software is a milestone for Rainbow International and the German insurance industry."

About Rainbow international

Rainbow International is a premium service provider in the restoration of water, fire and mold damage. Ever since its foundation (1992), the company has continuously established itself and is currently operating with more than 20 restoration businesses across Germany.

Rainbow International® Inc., founded in 1981 with over 400 locations worldwide, is part of the American Dwyer Group, Inc. ®. The Dwyer Group Inc., headquartered in Waco, Texas, is the largest international company group of franchise systems in the service industry worldwide. It includes seventeen independent franchise systems in total that operate under their brand names Aire Serv®, Glass Doctor®, The Grounds Guys®, Mr. Appliance®, Mr. Electric®, Five Star Painting®, Mr. Rooter®, Molly Maid®, Mr. Handyman®, ProTect Painters®, Portland Glass®, Locatec®, Window Genie®, Bright & Beautiful®, Countrywide Grounds Maintenance®, Drain Doctor® and Rainbow International® to provide customers all over the globe with comprehensive crafts services.

About Symbility

Symbility (TSX.V: SY) believes in creating world-class experiences that simplify business and improve lives. With a history in modernizing insurance claims solutions for the property and health industries, Symbility has established itself as a partner that puts security, efficiency and customer experience first. Symbility PROPERTY™ brings smarter thinking to property insurance. Symbility HEALTH™ helps benefits professionals build their brands and businesses. Our strategic services team, Symbility INTERSECT™ empowers a variety of businesses with smarter mobile and IoT product development strategy, design thinking and engineering excellence. With our three segments pushing industries forward, Symbility proves that change for the better is entirely possible.  symbilitysolutions.com

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SOURCE Symbility Solutions Inc.