Press Release
Morristown, NJ –
June 23rd, 2020 – Majesco (NASDAQ: MJCO), a global leader of cloud insurance software, today announced a new ad campaign acknowledging and thanking individual employees, their family members and all frontline workers providing volunteer and essential services during these challenging times. Majesco is partnering with Silvercast Media to promote this initiative on the billboard in Times Square to complement the robust social media campaign that Majesco has been running since April.
“Our main priority has always been the safety and support of our employees, customers and communities in which we operate. Since the beginning our employees have been doing their part to make a difference by donating and volunteering at various local organizations,” says Adam Elster, CEO of Majesco. “The location of Times Square gave us an opportunity to not only recognize our employees’ selfless contributions but also thank today’s frontline heroes in the biggest way possible.”
Silvercast Media will donate 10% of its proceeds to Shrimad Rajchandra Love and Care (SRLC), a 501(c)(3) charitable organization that Majesco supports and many of its own employees contribute to. In response to this global pandemic, SRLC has launched several initiatives to support those most affected by this crisis. In just 74 days, SRLC has served 2.13 million meals, distributed 2.12 million masks, provided 7,630 PPE kits, 433,000 health drinks, 860 gallons of sanitizer to daily wagers, migrant workers and frontline workers and 100,000 pounds of fodder and grains to help feed animals. Over 2,500 SRLC volunteers continue to provide COVID-19 relief in 50 cities across 5 continents.
“We’re thrilled to provide Majesco a platform that gives them an opportunity to not only thank our amazing frontline heroes and essential workers, but also bring awareness to such an important cause,” commented Gary Grossman, co-founder of Silvercast Media.
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About Majesco
Majesco (NASDAQ: MJCO) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.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, as amended by its Quarterly Reports on Form 10-Q.
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: the adverse impact on economies around the world and our customers of the current COVID-19 pandemic; our ability to achieve increased market penetration for our product and service offerings and obtain new customers; our ability to raise future capital as needed; the growth prospects of the property & casualty and life & annuity insurance industry; the strength and potential of our technology platform and our ability to innovate and anticipate future customer needs; our ability to compete successfully against other providers and products; data privacy and cyber security risks; technological disruptions; our ability to successfully integrate our acquisitions and identify new acquisitions; the risk of loss of customers or strategic relationships; the success of our research and development investments; changes in economic conditions, political conditions and trade protection measures; regulatory and tax law changes; immigration risks; our ability to obtain, use or successfully integrate third-party licensed technology; key personnel risks; and litigation risks.
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.
