Project Management Consulting, Services, and Training
Since 1991, the project management specialists at SOMOS have been turning complexity into clarity, chaos into plans, and action into results. For clients in Information Technology, Aerospace and Defence, and Product Development, we offer management solutions, professional services, training, and Enterprise Project Management (EPM) solutions.
Our goal is to help you achieve your goal: business results; time to market; getting the job done; saving money; building an efficient organization; keeping your customers satisfied. We have the depth of knowledge, the breadth of experience, and the caliber of professionals to drive success. SOMOS helps our clients find A Clear Path to Results.
SEB Closes Inforica Investment
Smart Employee Benefits Inc. ("SEB") (TSX VENTURE:SEB), is pleased to announce it has acquired 50% of Inforica Inc. through a share subscription made by SEB's wholly owned subsidiary, Logitek Technology Ltd.
Stated John McKimm, CEO of SEB, "We are pleased to close the Inforica transaction. We have worked closely with Inforica since originally announcing the transaction in March, 2013. We made our original investment in the form of a working capital loan shortly after the March, 2013 announcement. Closing this investment is simply converting a portion of the loan to equity in return for a 50% equity stake in the business. Since making our announcement in March, 2013, Inforica has added over $2.5 million of new annuity business and created a backlog of over $4.0 million, deliverable over the next 12 months. SEB's intention is to acquire the remaining 50% equity interest within the next 36 months. Our relationship with Inforica has already increased the opportunities available to Logitek Technology Ltd. and to the Somos Group, and other SEB companies focused on providing services to both corporate and government clients. The synergies provided by the joining together of these organizations are significant in developing new business opportunities and helping SEB be a stronger technology player in the health care industry."