Majesco News

Majesco Acquires Decision Research Corp. Insurance Software Business

Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business. DRC, based in Philadelphia-based, is an SaaS-based insurance software company. It offers enterprise rating for large insurers, a reinsurance product, …

Insurance Technology: InsuredMine Integrates With HawkSoft; Betterview Adds RedZone’s Wildfire Data; CyberCube to Create Cyber Tool for Majesco

InsuredMine and HawkSoft Integrate Agency Sales and Management Insurance agency sales automation software firm InsuredMine and agency management technology firm HawkSoft have released two-way API integration between their platforms. Agencies that use InsuredMine’s customer relationship management platform in conjunction with …

Thoma Bravo Completes Acquisition of Insurance Software Firm Majesco

Private equity firm Thoma Bravo has completed the acquisition of insurance software firm Majesco. Under the terms of an amended merger agreement announced on Aug. 8, Thoma Bravo acquired all of the shares of Majesco common stock for $16.00 per …

Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion

Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion. Roper said the Vertafore management team led by CEO Amy Zupon will continue to lead the business from its Denver, …

Private Equity Firm Thoma Bravo to Acquire Insurance Software Firm Majesco for $594M

Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the company at $594 million. Following the closing of …

Majesco Appoints Elster as CEO; Mehta Becomes Chairman

Insurance software and consulting firm Majesco has appointed Adam Elster as chief executive officer, effective October 1, 2018. The company said that Ketan Mehta, Majesco co-founder and current CEO, has decided to retire from the operational role after 36 years …

Technology Firm Majesco Completes Acquisition of Consultant Agile

Insurance technology firm Majesco said it has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of over $9 million. In December 2014, Majesco announced that it had agreed to acquire the insurance …

Insurance Tech Firms Majesco, Cover-All to Merge

Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly MajescoMastek) founder and CEO Ketan Mehta will become president and CEO …