Majesco Completes ConnectivCorp Merger

Representatives from ConnectivCorp have announced the completion of the company’s previously announced merger with Majesco. Under terms of the merger agreement, Majesco shareholders were issued common and preferred stock representing approximately 80% of ConnectivCorp, on a fully diluted basis. As of the closing of the merger, Jesse Sutton, the current Majesco president, began serving as ConnectivCorp's chief executive officer, with Morris Sutton serving as its chairman.