Press Release

MajescoMastek Unveils the enhanced STG Billing Solution at Annual User Conference in Miami

New York, January 13, 2010 – MajescoMastek, the U.S. subsidiary of global technology solutions provider, Mastek (NSE: MASTEK), recently unveiled the latest version of the STG Billing system at their third annual User Conference at the Ritz Carlton in Miami, Florida.

The Conference was attended by 90 prominent members of the P&C and life insurance customers and prospects alongside MajescoMastek’s key leadership team. Focusing on the theme of “Managing Business Needs with IT Agility,” the agenda focused on business updates, case-studies and current, influential trends in the IT space. The conference was sponsored by GENPACT with co-sponsor PitneyBowes.

The announcement of MajescoMastek’s industry-leading STG Billing which has over 50 clients, detailed the offering’s enhancement through the supply of readily available content and configuration using a rapid, modern toolset-driven platform with self-service support for both consumers and agents. Components include STG Billing and Collection Application: Meta data configuration and management tool and STG JBEAM, which is a automated job execution and monitoring tool. MajescoMastek also unveiled the Insurance platform toolset that helps developers design, create and manage new content including business rules workflows, user interface, data and products while empowering users to manage rules, releases and product configuration.

“We were looking to enhance an already successful system to ensure its alignment with the continually changing technological landscape,” explained Michael Dufton, EVP Insurance at MajescoMastek. “We are pleased with the updates we have implemented and are confident customers will be satisfied with its modernized platform and end-user distinction.”

Kicking-off with a rousing Keynote session by Chad Hersh, Principal of Novarica, centering around the escalation from efficiency to proficiency, MajescoMastek carriers, managers and partners attended exhibits, networking receptions and break-out sessions over the course of two days.

“MajescoMastek’s user conference was an impressive event, but the most impressive aspect was the release of the new version of the billing system,” said Chad Hersh, partner of Novarica’s Insurance Practice. “It delivers substantial improvements to the configurability and rules development and management capabilities, which are two areas critical to the success of a modern system.”

Included in the agenda were the following sessions:

  • Technology Trends that will Impact Insurers’ Business, Stefan Van Overtveldt – Chief Engineer, Mastek
  • Change Your Mindset- from Efficiency to Proficiency, Chad Hersh- Principal, Novarica
  • Data Migration- A Voyage Worth Taking? Philip Magnall-Data Migration Manager, Mastek
  • Embarking on a Transformational Journey, Deborah Swail-VP, IT Strategy & Governance, Foresters; Nancy Manning-VP FIT, Foresters

“We were excited to reunite MajescoMastek’s leaders and customers for a proactive exchange of ideas and insight,” added Dufton. “The annual User Conference supports MajescoMastek’s dedication to customer satisfaction and partnership cultivation.”

About Majesco

Majesco is a provider of core insurance technology software and IT services to insurance carriers (P&C and Life, Annuity, Group) globally. Majesco delivers proven software solutions and IT services in core insurance areas including policy administration, billing, claims and distribution.

Media Contact

Majesco
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services
Phone: +1-718-916-6873
Email: tara.dilzeralexander@majesco.com

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