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Archives for 2020

Majesco Announces New Addition to Leadership Team with Appointment of Chief Financial Officer

Seasoned financial expert Joe Aho joins established Majesco Leadership Team Morristown, NJ – October 20th, 2020 – Majesco, a global leader…
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ANNOUNCING GENERAL AVAILABILITY OF VERSION 11 R2 OF THE POWERFUL MAJESCO L&A & GROUP CORE SUITE INSURANCE SOFTWARE

The new version expands pre-built lines of business and innovative and new capabilities to accelerate insurers’ customer and growth strategies…
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ANNOUNCING GENERAL AVAILABILITY OF VERSION 11 R2 OF THE MARKET-LEADING MAJESCO P&C CORE SUITE

New cutting-edge capabilities and features will accelerate insurers’ business transformation, drive operational effectiveness and innovation of new products, process and…
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Swiss Re Corporate Solutions Implements Majesco Digital1st® Insurance and Majesco Policy for P&C on Majesco CloudInsurer® in 11 Weeks

Morristown, NJ –October 8th, 2020 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced…
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Majesco Expands Capabilities in Distribution Management Platform Release

For insurers expanding distribution channels to drive growth, self-service onboarding accelerates speed to market Morristown, NJ – October 6th,  2020 –…
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Majesco is a Proud Title Sponsor of InsureTech Connect 2020

This must attend virtual event brings together the industry’s brightest minds to explore and exchange information about today’s critical challenges…
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Majesco Announces the Launch of Majesco L&A Insurance Data & Analytics Platform

A next-generation data and analytics platform that captures, analyzes and monetizes data with powerful predictive and machine learning analytics, intelligent…
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Thoma Bravo Completes Acquisition of Majesco

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Majesco Partners with Industry Leaders to Highlight Today’s Emerging Technologies

New sessions to the Future of Insurance: Ecosystems Partners uncovers the latest technologies reshaping the future of insurance Morristown, NJ…
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Strategic Collaboration Between KPMG and Majesco to Accelerate Insurance Digital Transformation

KPMG teams with Majesco to leverage Digital1st® Insurance platform to enable digital strategies and business models for insurers moving towards…
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Majesco Recognized as a Leader in Insurance Agency Portals, Q3 2020 Analyst Evaluation

Morristown, NJ – September 3rd, 2020 – Majesco (NASDAQ: MJCO), a global provider of cloud  insurance platform software for insurance business…
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CapSpecialty Upgrades Majesco Billing for P&C on Majesco CloudInsurer®, Implements Majesco Enterprise Data Warehouse and Digital1st® Electronic Billing and Payments App

Upgrade and implementation will strengthen CapSpecialty’s focus on delivering responsiveness, speed and innovation to agents, brokers and customers Morristown, NJ…
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Majesco Positioned as a Visionary in Gartner 2020 Magic Quadrant for Life Insurance Policy Administration Systems, North America

Morristown, NJ – August 27th, 2020 – Majesco (NASDAQ: MJCO), a global provider of cloud  insurance platform software for insurance business…
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Majesco Advances its Digital Transformation Journey with Modernized Salesforce Sales Cloud

Morristown, NJ – August 25th, 2020 –  Majesco (NASDAQ: MJCO), a global provider of cloud insurance platform software, today announced…
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Majesco Announces Latest Release to Majesco Life AdminPlus

Enhancements extend digital capabilities for Child Trust Funds to retain and grow Gen Z customers Morristown, NJ – August 20th,…
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Majesco Taps into the Minds of Today’s Most Influential Industry Leaders Shaping the Future of Insurance

New podcast sessions of Future of Insurance: Industry Influencer Series uncovers the latest challenges, trends and behaviors driving the future…
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Majesco Taps NetSuite to Modernize Operations as it Powers the Future of Insurance

Leading cloud software company for insurance companies increases scalability and operational efficiencies with NetSuite Morristown, NJ – August 13th, 2020…
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Majesco Announces Record First Quarter

First quarter total revenue of $41.2M up 10.6% YOY Product Revenue of $19.9M, 48.2% of total revenue, and increase of…
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Majesco Enters Into Amended Agreement To Be Acquired by Thoma Bravo

Majesco shareholders to receive $16.00 in cash per share Transaction provides a significant cash premium to Majesco shareholders Transaction Expected…
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New Research Report from Majesco Highlights Market Growth Opportunity for Life Insurers Who Reimagine Their Business and Customer Experience

To be a market leader in the future, insurers need to transition their thinking from executing policy transactions to providing…
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Texas Farm Bureau Insurance Expands Lines of Business on Majesco Policy for P&C

Farm Liability Now in Production Morristown, NJ – August 4th 2020 – Majesco (NASDAQ: MJCO), a global leader of cloud…
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Majesco Implements Oracle Cloud HCM to Further its Digital Transformation Journey

Leading cloud software company for insurance carriers improves organizational productivity and increases employee engagement Morristown, NJ – July 30th, 2020…
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Protective Insurance Selects Majesco P&C Core Suite for Commercial Auto and Workers’ Compensation Lines of Business on Majesco CloudInsurer® to Accelerate their Digital Transformation

Leading provider of insurance for the transportation industry executes its vision of a new digital business model by replacing legacy…
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Majesco Announces New and Innovative Updates for Majesco’s Billing for P&C

These updates reflect the monthly updates for the last seven months that includes next-generation capabilities needed to meet the demands…
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Majesco to be Acquired by Thoma Bravo

Majesco shareholders to receive $13.10 in cash per share Transaction provides significant premium to Majesco shareholders Morristown, NJ – July…
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Majesco Launches New Product Portal to Expand and Accelerate Customer’s Planning and Use of Majesco Solutions Today and for the Future

Portal provides faster and easier access to robust product information and insight to product roadmaps and future of insurance technologies…
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Majesco Enables United Educators Digital Transformation Journey

Operational innovation using embedded RPA enhanced the customer experience and business operations by reducing the underwriting time to completion process…
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Celent Recognizes Majesco with XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report

Customers ranked Majesco first in 4 of 5 categories for the Depth of Service Award including Functionality, Technology, Implementation and…
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Majesco Announces Latest Release to the Majesco Insurance Data & Analytics Platform

Latest updates to Enterprise Data Warehouse and Business Analytics Platform enhances performance and security measures, DevOps support and operational efficiencies…
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AGIA Live on New Upgrade to Majesco’s InsPro PAS in the Cloud

Upgrade and move to Cloud increases flexibility and enhances security features for AGIA customers  Morristown, NJ – June 25th, 2020…
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Majesco Launches New Ad Campaign Thanking Frontline Workers

Morristown, NJ – June 23rd, 2020 – Majesco (NASDAQ: MJCO), a global leader of cloud insurance software, today announced a…
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Majesco’s Manish Shah Joins SMA’s 2020 Insights to Solution Series – Digital Platform

Join this virtual experience on June 24thand learn how digital platforms are accelerating the digital transformation for insurers Morristown, NJ…
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Foresight Risk and Insurance Services Selects Majesco Policy and Billing for P&C, Majesco Digital1st® Insurance and Majesco CloudInsurer®

Next-generation platform to accelerate their digital transformation and growth Morristown, NJ – June 16th 2020 – Majesco (NASDAQ: MJCO), a…
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Triple-S Propiedad, Inc. Completes Upgrade of Majesco Policy for P&C from On-Premise to Majesco CloudInsurer®

Delivers business continuity, ISO compliance, cost efficiencies and access to innovative product features Morristown, NJ – June 11th, 2020 –…
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Majesco Digital1st® EcoExchange Expansion with New Partner Apps and Unveils New Partner Self-Serve Capabilities

40 partner apps from 14 partners Majesco’s Digital1st® EcoExchange reflects the growing traction with incumbent and InsurTech partners Morristown, NJ…
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Majesco’s New Research Report Highlights Shift from Auto Insurance Transaction to Mobility Customer Experience

To be a market leader in the future, insurers need to transition their thinking from being an auto insurer to…
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Multinational Insurance Company Completes Upgrade of Majesco Policy for P&C from On-Premise to Majesco CloudInsurer® to Bolster Growth Strategy

Upgrade will enable them to rapidly adapt to market dynamics with speed and scalability Morristown, NJ – June, 2nd, 2020…
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Majesco Announces Strong Fourth Quarter Product Revenue and Full Year Fiscal 2020 Results

Fourth quarter total revenue of $37.9M and Full year total revenue of $146.4M Fourth quarter Adjusted EBITDA of $5.1M and…
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Heritage Insurance Upgrades to Version 11 of Majesco Claims for P&C and Transitions to Majesco CloudInsurer® on Microsoft Azure

Upgrade improves insurers’ scalability and security to support their large coastal customer base during hurricane season Morristown, NJ – May…
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Millers Mutual Selects Majesco’s Cloud-Native Digital1st® Insurance Platform

Next-generation digital platform selection expands partnership Morristown, NJ – May 26th, 2020 – Majesco (NASDAQ: MJCO), a global leader of…
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Majesco Draws Record High Attendance at its Virtual Spring Product Council Meeting

Over 175 P&C customers joined Majesco to exchange information and strategize upcoming product plans that will help enable the future…
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Majesco To Report Fiscal 2020 Fourth Quarter and Full Year Financial Results on May 28, 2020

Conference Call Scheduled for May 28, 2020 at 5:00 p.m. ET   Morristown, NJ – May 21, 2020 – Majesco…
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Majesco Acquires InsPro Technologies: Strengthens and Scales its Position in L&A and Group Segment

Expands growth potential and enhances domain depth as insurers seek successful digital and business transformation Morristown, NJ – April 1, 2020 –…
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Majesco’s New Research Report Highlights Digital Transformation by Industry Leaders with a New Era of Core Systems, Next Gen Technologies and Ecosystems

Savvy leading insurers are transforming the business to better serve customers, launch new, innovative products, expand market reach with new…
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Majesco’s Fifth Annual Strategic Priorities Research Report Highlights How Leaders are Accelerating Their Path to the Future of Insurance

Forward-thinking leaders are optimizing and nurturing their current businesses, while also disrupting them at the same time to build their…
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Majesco Reports Accelerating Momentum of Cloud Subscription Revenue, Record Quarterly EBITDA and Strong Total Sales Growth for Third Quarter Fiscal 2020

Cloud Subscription Revenue of $6.1m up 39% year over year Third quarter total revenue of $37.2m Third quarter adjusted EBITDA…
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Majesco to Acquire InsPro Technologies

Extending capability, scale and expertise serving customers in the growing U.S. based Life and Annuity technology segment Morristown, NJ –…
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Majesco Announces Expanded Capabilities to Majesco Digital1st® Insurance to Accelerate Insurers’ Digital Transformation

Majesco Digital1st Insurance® is a cloud-native, microservices-based digital experience platform with a low code / no code configurability and a…
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