Smart Employee Benefits Inc (TSXV:SEB.V)

Smart Employee Benefits Inc (NASDAQ:SEBFF) (SEB.V) ($0.24; $41.8M market cap), a SaaS company focused on delivering administrative solutions (mainly HR/insurance solutions) to corporations, has been awarded 3 new contracts and 1 renewal contract.

• New 3-year contract for 155,000 investment accounts to provide payment processing services for the TELUS Health virtual healthcare app.

• New 5-year deal with a new multinational corporate client, representing 2,300 plan members, to provide Benefits Administration services.

• New 5-year contract to provide design, set up and administration services for a white-labeled “digital retiree health insurance product” for a large national benefits consulting channel partner, underwritten by one of the largest group and life Insurers in Canada.

• Renewal: 5-year renewal of an existing high-technology client to provide benefits administration on a fully outsourced basis, for approximately 4,500 employees.

The CEO commented:

“We are thrilled with these wins, especially those that are driven by our innovation agenda and help us venture into new markets. This demonstrates the breadth of our solutions, the depth of our services and the flexibility and adaptability of our products.”

This release was announced shortly after the market opened yesterday. 

Smart Employee Benefits Inc (NASDAQ:SEBFF) (SEB.V) ($0.23; $40.1M market cap), a SaaS company focused on delivering administrative solutions (mainly HR) to corporations, has been awarded a contract extension valued at ~$5 million. This comes on the heels of last week's contract announcement win, bringing contract wins and extensions to over $43 million in Q1 2022. 

“SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months.”

In news related to Smart Employee Benefits Inc (NASDAQ:SEBFF) (SEB.V) ($0.18; $31.8M market cap), a SaaS company focused on delivering administrative solutions (mainly HR) to corporations, they are officially shown as having uplisted to the OTCQB, something that we’ve been waiting for. You can see this at the company’s profile here - https://www.otcmarkets.com/stock/SEBFF/overview