Majesco Emerges with Product, Financial Advantages Following NYSE Listing
Published in Insurance Innovation Reporter
The Cover-All/Majesco Merger creates a new, U.S.-focused company with expanded product offerings, including strengthened BI and analytics capabilities.
Majesco’s (New York) closing of its merger with Cover-All (Morristown, N.J.) on June 26 and its listing on the New York Stock Exchange (NYSE) on June 29, culminates a period of separation from parent Mastek (Mumbai) and a subsequent burst of M&A activity and strategic hires. The combined company, which will operate under the Majesco name, has about $107 million in annual revenue, and about 140 insurance customers of all sizes and in all major lines of business, including personal, commercial and specialty P&C, life and annuity, and health individual and group benefits.
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services