Cover-All Technologies Inc. and Majesco (MajescoMastek) announced that the companies have entered into a definitive merger agreement pursuant to which Cover-All's stockholders and the holders of its options and restricted stock units, in the aggregate, will receive 16.5% of the outstanding shares of common stock of the combined company, on a fully diluted basis. The newly combined company will be named 'Majesco'.

Ketan Mehta, founder and CEO of Majesco, will become president and CEO of the combined company, “Majesco”. Manish Shah, president and CEO and of Cover-All, will assume the role of an Executive Vice President of the combined company. Two Cover-All board members will also be joining the Majesco board as vice chairman and a director, respectively.