Press Release

Majesco’s Farid Kazani Awarded Two Top CFO Awards

Morristown, NJ July 06, 2016 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Majesco’s CFO, Farid Kazani has been awarded two new awards for his contribution in the world of finance.

Kazani was awarded the ‘Most Influential CFO’s of India’.  Instituted by the Chartered Institute of Management Accountants (CIMA), the world’s largest and leading professional body of management accountants, the award honors CFOs with a proven track record of performance, achievements and contribution to the business.

On the heels of the CIMA award, Mr. Kazani was recognized with the National Award for Excellence as the CFO of the Year 2016 in the Information Technology and Information Technology Enabled Services (IT/ITES). Instituted by CMO Asia, an organization dedicated to high level knowledge exchange through leadership and networking amongst senior CMOs and brand decision makers across industry segments, the award recognizes the top CFOs of the year.

Commenting on the award Farid Kazani, CFO of Majesco said “These awards are a testimony to the successful business strategy and growth we outlined and achieved at Majesco through the efforts of the entire Majesco team over the last few years. I would like to thank CIMA and CMO Asia for honoring me and Majesco with this prestigious award.”

“Farid brings tremendous strategic and operational value to Majesco.  We are heartened by the awards Farid has won through his talent, commitment of excellence, and leadership” said Ketan Mehta, CEO and Co-Founder of Majesco. “On behalf of the board of directors and all of Majesco, we would like to congratulate Farid on this achievement.”

Kazani has over 25 years of experience in the field of Corporate Finance and core competencies in strategic business planning, treasury and fund management, forex, mergers and acquisitions and divestments. Earlier this year Farid won two other awards, namely the CFO 100 Award instituted by CFO India and Excellence in Mergers and Acquisitions by IMA India.

 

About Majesco

Insurance business transformation is a journey of change and revitalization, a renaissance of insurance.  Approximately 150 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco’s solutions.  Our market leading software, consulting and services uniquely underpin the entire insurance value chain and are designed to empower insurers with the agility, innovation and speed needed to meet their transformation opportunities.  Majesco’s solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, BI/ analytics, predictive modelling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more.

For more details on Majesco, please visit www.majesco.com.

 

Majesco Contact:

Majesco

Ashwin Rodrigues

Director — Global Marketing

Phone: +1-973-461-9087

Email: ashwin.rodrigues@majesco.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K.

Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to:  integration risks;  changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco’s ability to raise capital to fund future growth.

These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

 

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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