Symbility Solutions (TSX: V.SY, Stock Forum) shares moved up 6% to 42 cents on volume of more than 2.1 million shares Thursday after the provider of cloud-based and smartphone/tablet-enabled claims technology for the property and casualty insurance industry announced that speciality insurer provider GuideOne Insurance Company has signed a multi-year agreement to integrate Symbility's claims processing and estimating technology into its operations.
Details of the deal were not disclosed.
Symbility’s share price has doubled during the past 18 months. The company recently reported a 111% surge in its first-quarter revenue.