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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL ROUNDUP

Incomnet Buys Insurance Software Marketer CIC

May 13, 1997

Incomnet Inc. has purchased California Interactive Computing Inc. in a $1.8-million deal.

CIC of Valencia markets software for insurance claims processing.

Incomnet agreed to pay CIC $1.8 million over five years. Incomnet has also signed a two-year employment agreement with CIC's former chief executive, Jerry Buckley.

Incomnet, based in Woodland Hills, provides telecommunications services.

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