Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation, announced today that its business intelligence (BI) solution for property/casualty insurance companies, NexGen Business Intelligence, was recently included in a report profiling insurance BI solutions published by Novarica, a research and advisory firm focused on insurance technology strategy. The Novarica report, “Business Intelligence Solutions for US Insurers 2012 (Q1),” profiles 19 vendors with BI solutions available today, and describes the growing importance of BI, as well as key areas of use by property/casualty insurance companies. “To their credit, many insurers recognize that leveraging their internal data is the key to improving their business and are investing accordingly,” said Martina Conlon, principal for Novarica’s insurance team and author of the report. “Business intelligence (BI) provides historical, current, and predictive views of business operations by using data to analyze information, make decisions, and manage performance.” Cover-All Technologies’ profile specifically notes NexGen Business Intelligence’s “…over 150 measures that can be sliced and diced using over 90 dimensions…” and notes that six US insurers are currently live on the solution. "We are very pleased to be featured in Novarica’s report, and believe this is an important step in sharing the benefits of our comprehensive insurance-specific BI solution with the industry including such features as prebuilt key performance indicators and drill down capabilities,” said Manish Shah, president and CTO for Cover-All Technologies. “Cover-All’s Business Intelligence was created to provide a proven, scalable, modern and transformative solution for organizations looking to unlock and leverage the value of their information.” Additional information is available online at www.cover-all.com .
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Additional information is available online at www.cover-all.com .Cover-All®, My Insurance Center™ (MIC) NexGen 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 implementation of our acquisition strategies and our ability to complete or integrate acquisitions, 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, 2011, filed with the SEC on April 2, 2012, and Post-Effective Amendment No. 3 to Form S-1 on Form S-3 (File No. 333-156397) filed with the SEC on July 26, 2011, copies of which are available from the SEC or may be obtained upon request from the Company.