Smart Employee Benefits Inc.
SEBFF
Other OTC0.22
USD
- -
- -
Return %
Stock
S&P500
1Y
50.59
19.25
3Y
254.49
65.11
5Y
9.80
72.21
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- John M. McKimm BBA, FCSI, LLB, MBA
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- 5500 Explorer Drive Mississauga ON Canada L4W 5C7
- IPO Date
- Jul 30, 2014
- Website
- seb-inc.com
- Similar Companies
- Business
- Smart Employee Benefits Inc. is a Canadian technology company specializing in software-enabled services and business process automation for the healthcare benefits sector. The company operates primarily through two business segments, Benefits and Technology. The Benefits segment offers comprehensive software solutions, services, and products designed to manage group benefit and wellness plans, as well as healthcare claims processing environments, catering to corporate and government clients. The Technology segment provides specialized solutions in supply chain management, integration, energy management, as well as IT infrastructure including cloud and cybersecurity services, professional services, and resource provisioning. Its product portfolio includes SaaS-based cloud solutions, managed services such as smart sourcing both nearshore and offshore, managed security services, custom software development, and support, alongside professional consulting in areas like AI, CRM, BI, portals, EDI, e-commerce, digital transformation, analytics, and project management. Founded in 2011 and headquartered in Mississauga, Ontario, Smart Employee Benefits has developed strategic partnerships with more than 20 global and regional technology and consulting firms. In a significant recent development, Smart Employee Benefits was acquired by Co-operators Financial Services Limited in a transaction completed in early 2023 valued at approximately C$89.1 million. This acquisition positions Smart Employee Benefits to accelerate its innovation agenda, growth, and the delivery of high-value technology-driven benefits solutions by leveraging Co-operators' market presence and resources. Since the acquisition, SEB continues to expand its offerings and enhance integration capabilities aligned with Co-operators’ group benefits business model. Prior to this, the company invested over $25 million in development of proprietary cloud-enabled SaaS solutions for employer and government-funded benefit programs, emphasizing high-margin benefits processing software that serves as a primary growth driver. The company has also completed several acquisitions to broaden its capabilities, including the acquisition of Aon Hewitt's Administration business in 2017. Smart Employee Benefits primarily serves clients across Canada and North America, focusing on digital transformation and advanced health and wellness technologies to improve employee benefits utilization and operational efficiencies for its customers. This comprehensive technology and services offering positions SEB as a key player in the employee benefits technology sector.