Insuritas, a firm that aids credit unions and banks in settingup their own insurance agencies, said it recently completed a $10million capital raise.

The East Windsor, Conn.-based firm said this is the first suchraise since it was repurchased from JackHenry & Associates Inc. in a management buyout in 2008.

The capital infusion will drive technology and clientacquisition, Insuritas said. In the weeks ahead, the company plansto expand its management and corporate sales teams and operationsand technology staffs.

Insuritas said it enables credit unions and banks to own acomplete insurance agency without the capital investments requiredto build or buy an agency. Insurance products include auto, home,business, life, health, identify theft, pet and warranty.

The firm said it serves more than 300 banks and credit unionsand recently added four more credit unions to its client roster.