Last Updated: 2013-02-08

Penad Pension Services Limited

Company information

Legal Name:   Penad Pension Services Limited
Operating Name:   Penad Pension Services Limited
Mailing Address 194 Weber St E KITCHENER, Ontario N2H 1E4	Location Address 194 Weber St E KITCHENER, Ontario N2H 1E4
Telephone: (519) 743-9000
Ext: 224
Toll Free Phone: 1-800-563-1978
Fax: (519) 743-8346
Email: penadinfo@penad.ca
Website URL: http://www.penad.ca

Contact information

Matthew Price
	Title:   Vice President
	Area of Responsibility:   Domestic Sales & Marketing Export Sales & Marketing
	Telephone:   (519) 743-9000
	Ext:   224
	Fax:   (519) 743-8346
	Email:   mprice@penad.ca

Company description

Founded in 1983, Penad is Canada’s pension administration specialist and a leading supplier of pension and benefit software systems to employers, financial institutions, and governments around the world. Penad takes care of the pension needs of plan sponsors across Canada and internationally with first-tier plan administration, consulting and actuarial services. Clients include Fortune 500 companies, institutions, associations, governments, corporations, and multi-employer unions. Penad software is used by banks, insurances companies, governments, and larger individual pension plan sponsors to administer DB and DC pension plans and entire books of business. Penad products cut turnaround times and dramatically improve member communications while enabling plan sponsors and administrators to put member records on the Internet. Penad’s Mission: To provide the best pension and benefit plan administration solutions available.
Country of Ownership:	Canada
Year Established:	1983
Exporting:	Yes
Primary Industry (NAICS):	523920 - Portfolio Management
Alternate Industries (NAICS):	541510 - Computer Systems Design and Related Services
Primary Business Activity:	Services
Total Sales ($CDN):	$1,000,000 to $4,999,999
Export Sales ($CDN):	$1,000,000 to $4,999,999
Number of Employees:	25

Product / Service / Licensing

Product Name:	PX3000 Pension and Benefits Software Suite
Penad Pension Services provides PX3000, our scalable software solution for the complete administration of Defined Benefit, Defined Contribution, Hybrid and Life & Health Benefit Benefit Management & Premium Calculation.
Product Name:	PX3000 SSB Platform
PX3000/SSB Platform is a comprehensive social insurance and benefits administration software platform for national governments to track the social insurance accounts of all citizens along with their service, contributions, employers, payouts, and all of the rules/legislation under which the social security/insurance system operates.
Service Name:	TPA Montreaux
Penad Pension Services provides world class, teir one Third Party Pension Administration (DB, DC, Hybrid), Consulting and Actuarial Services to plan sponsors and other client groups.

Market profile

Alliances:

• Financial
• Sales/Marketing
• Technology

Industry sector market interests:

• Agriculture
• Fishery
• Forestry
• Information Technology and Telecommunications
• Manufacturing
• Medical/Biotechnology/Chemical
• Mining/Petroleum/Gas
• Service Industry
• Transportation
• Wholesale/Retail
• Aerospace
• Defence
• Automotive
• Food and Beverage Manufacturing
• Pulp and Paper

Geographic markets:

Export experience:

• Anguilla
• Bahamas
• Bermuda
• Cayman Islands
• Jamaica
• Virgin Islands (British)

Actively pursuing:

• Antigua and Barbuda
• Australia
• Austria
• Barbados
• Belgium
• Brazil
• Canada
• China
• Denmark
• France
• Germany
• Hong Kong
• Hungary
• India
• Ireland
• Kenya
• Korea, Republic of
• Kuwait
• Lithuania
• Luxembourg
• Malta
• Mexico
• Poland
• Romania
• Russian Federation
• Saint Kitts and Nevis
• Sweden
• Switzerland
• Thailand
• Trinidad and Tobago
• Turks and Caicos Islands
• United Arab Emirates
• United Kingdom
• United States
• Venezuela, Bolivarian Republic of
• Virgin Islands (U.S.)
• New York
• Virginia