Add-on Acquisition • Information Technology

SEB Acquires Paradigm Consulting Group

On August 26, 2014, SEB acquired information technology company Paradigm Consulting Group

Acquisition Context
  • This is SEB’s 1st transaction in the Information Technology sector.
  • This is SEB’s 2nd transaction in Canada.
  • This is SEB’s 1st transaction in Saskatchewan.
Investment Fate
  • Paradigm Consulting Group was divested to a consortium of buyers in 2018.

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M&A Deal Summary

Date August 26, 2014
Target Paradigm Consulting Group
Sector Information Technology
Buyer(s) SEB
Deal Type Add-on Acquisition

Target Company

Paradigm Consulting Group

Regina, Saskatchewan, Canada
Paradigm Consulting Group provides management and information technology consulting services to healthcare, insurance, financial services, public sector, telecom and energy clients. Paradigm Consulting Group was founded in 1990 and is based in Regina, Saskatchewan.
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Buyer Overview 1

Buyer

SEB

Mississauga, Ontario, Canada

Category Company
Sector Insurance
Revenue 61M CAD (2020)
DESCRIPTION

SEB is an insurance broker and technology provider utilizing its fully integrated administration adjudication claims paying reporting software platform to provide “totally hosted PCI compliant modular solutions” for managing portions or all of the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers. SEB is based in Mississauga, Canada.


Deal Context for Buyer #
Overall 2 of 3
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 2 of 3
State: Saskatchewan 1 of 1
Country: Canada 2 of 3
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 Logitek Technology

Mississauga, Ontario, Canada

QLogitek is a B2B-EDI supply chain integration solutions provider. B2B complexities surrounding planning, buying, making, paying, moving, and selling are conveniently managed through the company’s suite of 10 products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Maplesoft Group

Ottawa, Ontario, Canada

Maplesoft Group is a provider of systems integration services to businesses globally.

Buy -