Majesco Makes Strategic Moves to Accelerate Cloud Growth
$35 million to be invested to fund growth plans, acquisitions.
Morristown, NJ (Dec. 6, 2018) – Majesco, a global provider of cloud insurance software solutions for insurance business transformation, today announced the filing of a registration statement relating to a rights offering to all shareholders in which it expects its parent company will invest an estimated $35 million that it raised through a Qualified Institutional Placement in India in February 2018. The company intends to use this capital to fund the remainder of the Exaxe acquisition, pay off debt, and accelerate cloud growth, which includes additional acquisition opportunities.
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services