Majesco to Acquire InsPro Technologies
MAJESCO (MJCO)
NASDAQ:AMEX Investor Relations:
investors.majesco.com
Company Research
Source: Business Wire
Extending capability, scale and expertise serving customers in the growing U.S. based Life and Annuity technology segment MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, announced today that it has entered into a merger agreement for the acquisition of InsPro Technologies Corporation (OTCBB: ITCC), a U.S. based software leader in the life and annuity insurance market.The InsPro Enterprise platform is an insurance administration and marketing system that supports group and individual business lines, and efficiently processes agent, direct market, worksite and web site generated business. InsPro Technologies processes over 15 million policies for some of the leading blue chip insurance carriers and third party administrators in the United States, including several customers who process more than a million policies each.Headquartered near Philadelphia, PA, InsPro Technologies brings
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