I-Flex Invests in Castek for Property & Casualty Insurance Solutions

NEW YORK, May 23 /PRNewswire/ — i-flex solutions (Reuters: IFLX.BO/IFLX.NS), a leading provider of technology solutions to the global financial services industry has entered into a strategic alliance with Castek Software Inc., a Toronto based provider of insurance systems for the global Property & Casualty (P&C) insurance industry. As part of the alliance, i-flex has established an equity financing arrangement with Castek that allows for i-flex to become the largest shareholder in Castek.In addition, R Ravisankar, CEO International Operations and Business Development of i-flex solutions has joined Castek’s Board of Directors…..

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