Cover-All Technologies (COVR) Reports Q1 EPS of $0.03
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Cover-All Announces First Quarter 2015 Results
May 14, 2015 4:01 PM EDTImproved Support & Services Margins, Growth in Services Revenue and Three New Customers
MORRISTOWN, N.J.--(BUSINESS WIRE)-- Cover-All Technologies Inc. (NYSE MKT: COVR) today announced financial results for the quarter ended March 31, 2015.
I am very pleased with how 2015 has begun, driven by strong growth in services revenue with improved gross margin during the 2015 first quarter and the recent signing of three new customer contracts. The new contracts for license, maintenance and professional services of Cover-All Policy, Bureau products and Business Intelligence products to three insurance carriers are not reflected in... More
Effectiveness of Majesco’s Registration Statement
May 14, 2015 9:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Majesco, the global provider of insurance software and IT services, today announced that its registration statement for the merger of Cover-All Technologies Inc. (NYSE MKT: COVR)(Cover-All), an insurance software company based in Morristown, NJ, with Majesco has been declared effective by the U.S. Securities and Exchange Commission. As a result, the meeting of shareholders of Cover-All to approve the merger is expected to be held on June 22, 2015 and Majesco expects that the merger will be consummated shortly thereafter. In the merger, Cover-Alls stockholders and the holders of... More
