Company Release – 04/14/2011 09:41
New Hires Signals Cover-All Technologies’ Execution of Strategic Growth Plans
FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTC QB: COVR), a Delaware corporation and a leader in developing sophisticated software solutions for the property and casualty insurance industry, today announced another expansion of its sales and marketing team. Consistent with strategic growth plans, Cover-All has positioned this augmented team with key resources who represent a wealth of industry experience, expertise and relationships.
As part of this expansion the Company has added a Director of Marketing, a Senior Account Executive, and a Director of New Markets. With over 30 years of combined industry experience, each of these new associates bring a wealth of industry contacts, domain knowledge, and demonstrated success selling solutions in the complex world of property and casualty insurance.
“This is an exciting time at Cover-All,” commented Miguel Edwards, Senior Vice President. “We are in many ways a ‘new’ company, with many new products and capabilities. The completion of our totally re-platformed NexGen Commercial Automobile and Commercial Package rating/policy issuance components and the soon to be announced general availability of our new Business Intelligence solution were critical pieces of our strategy to be the leading provider of solutions to the P&C industry.”
“Bringing to total size of our team now to seven, we are now well positioned to execute on an aggressive strategy to grow our market share. Of the team, we have four dedicated sales professionals exploiting opportunities in specific market segments. A dedicated marketing function is focused on communicating our new capabilities and raising marketplace awareness about the ‘new’ Cover-All,” Mr. Edwards continued. “We believe My Insurance Center is clearly the leader in the marketplace. We look forward to taking our message to the marketplace and demonstrating its capabilities aggressively to take advantage of what we see as significant growth in technology investments in 2011 and 2012.”
“Cover-All in 2011 has added exciting new products, new solutions, new service options, and additional key people to expand our presence in the insurance technology market segment,” explained John Roblin, Chairman of Cover-All. “We are all very excited about the ‘new’ Cover-All and look forward to the team’s efforts to help us evangelize the value and business results our solutions are designed to deliver. Our commitment, products and services are industry leaders and we continue to build upon our portfolio of offerings. On track with our strategic plan, we believe now is the right time to capitalize on our efficient service delivery and innovative product set. Given the industry experience we’ve just acquired, we have great confidence that our new sales and marketing team will translate our value driven approach and system offerings in ways that will resonate with the insurance market and significantly contribute to our growth in 2011 and beyond.”
About Cover-All Technologies Inc.
Cover-All Technologies Inc., is a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.
Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.
Additional information is available online at www.cover-all.com.
Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.
Forward-looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, filed with the SEC on March 24, 2011, a copy of which are available from the SEC or may be obtained upon request from the Company.
Source: Cover-All Technologies Inc.
Contact:
Cover-All Technologies Inc.
Miguel A Edwards
SVP, Business Development
973/461-5211
