HORSHAM, Pa., Sept. 18, 2012 /PRNewswire/ -- The Penn Mutual Life Insurance Company announces a strategic investment in Leap Systems, Inc. (LSI), headquartered in Bridgewater, New Jersey. Leap System's technology is the financial modeling system of choice for top financial services professionals across the country.
"We're very pleased to make this strategic investment in Leap Systems," said David M. O'Malley, Executive Vice President and Chief Financial Officer, The Penn Mutual Life Insurance Company. "We believe that our investment will enable Leap Systems to accelerate its growth and take its business to the next level."
"As an independent affiliate of Penn Mutual, Leap Systems will help to create additional value for our financial professionals and their clients. Leap's own business model and plans for the future will be enhanced for the benefit of their licensees and the industry as a whole," said Eileen C. McDonnell, Penn Mutual's President and Chief Executive Officer.
According to Robert Castiglione, Founder and Chairman of the Board of Advisors of Leap Systems, "All of us at Leap Systems are excited about Penn Mutual's strategic investment in our company. This investment will help us grow our business and continue to develop and enhance products for the benefit of the life insurance industry, today and in the future."
About LEAP Systems, Inc.
LEAP SYSTEMS, Inc. is a leading provider of innovative financial systems for financial professionals throughout the United States and Canada. Since its founding in 1980, Leap Systems has been recognized by many of the world's top financial institutions as a leader and trusted resource for achieving superior results and delivering an end-to-end financial solution. Learn more at www.leapsystems.com.
About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life's possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.
©2012 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
SOURCE The Penn Mutual Life Insurance Company