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COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
majesco.com

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Funds

1

Partners & Customers

10

Service Providers

3

About Majesco

Majesco (NASDAQ: MJCO) is a provider of core insurance technology software and IT services to carriers worldwide. Majesco delivers solutions and IT services in core insurance areas including policy administration, billing, claims and distribution.

Majesco Headquarter Location

412 Mount Kemble Avenue Suite 110c

Morristown, New Jersey, 07960,

United States

+1 973 461 5200

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Majesco Web Traffic

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Research containing Majesco

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CB Insights Intelligence Analysts have mentioned Majesco in 2 CB Insights research briefs, most recently on Jul 22, 2020.

Latest Majesco News

GrovesJohnWestrup Private Clients, A Munich Re Company Selects Majesco Core Suite For P&C And Majesco’s Digital1st Insurance

Dec 1, 2021

News | November 16, 2021 GrovesJohnWestrup Private Clients, A Munich Re Company Selects Majesco Core Suite For P&C And Majesco's Digital1st Insurance MORRISTOWN, N.J.--(BUSINESS WIRE)-- Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that GrovesJohnWestrup Private Clients, has selected Majesco to support its strategy to develop a new, innovative insurance business within the UK market targeted at high-net-worth individuals. The Company uses Majesco’s Policy & Billing for P&C, Majesco Insurance Data & Analytics Platform and Majesco Digital1st® Insurance on Majesco CloudInsurer®. GrovesJohnWestrup Private Clients, a Munich Re company required a B2B digital placement to trade with intermediated distribution channels so that it could reduce the cost of underwriting, whilst also increasing efficiency and customer satisfaction. The business offers a wide range of offerings including multi class products with multiple carriers, and with Majesco as a partner, they are better able to process business directly from customers straight through to the back office. Charles Burgess, CEO, International Distribution at Munich Re Specialty Group said: “The flexible data model and highly configurable solution from Majesco’s CloudInsurer®, has enabled GJW Private Clients to reduce the complexities associated with non-standard insurance - more so than comparable SaaS solutions that we researched in this process. We found that the secure and scalable architecture was easy for our team to integrate with other systems both internal and external. Moreover, throughout the implementation we were able to develop a great partnership that allowed us to combine their areas of expertise with ours, to address any business challenges with a united effort.” Majesco’s innovative solutions deliver functionally rich, out-of-the-box capabilities, along with robust data and digital engagement features available through its next-generationsolutions, offering speed to implementation, market, and value.Majesco continues to work with both incumbent and InsurTech insurers, reinsurers, brokers, and MGAs to support the launch of new business models, introduce new products and enter new markets on its platforms. “We’re thrilled to be working with a partner who shares our focus and commitment to reshaping the insurance industry,” says Prateek Kumar, EVP of Sales at Majesco. “Majesco’s solutions are not only helping insurers transform complexity, but they also allow for rapid integration, which in turn bring new, innovative business models and products to market GrovesJohnWestrup Private Clients. We are excited about our expanding strategic partnership with Munich Re Specialty Group, empowering their keen focus on innovation to implement more digital solutions in the UK and beyond.” About Majesco Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale. Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers use Majesco’s next generation SaaS platform solutions of core, data, and analytics, digital, distribution, absence management and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance. Our technology, expertise and leadership help insurers innovate and connect to build the future of their business. With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together we have an amazing track record of innovation and real-world results. For more details on Majesco, please visit www.majesco.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20211116005300/en/ Copyright Business Wire 2021

Majesco Acquisitions

7 Acquisitions

Majesco acquired 7 companies. Their latest acquisition was K2V2 on July 24, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/24/2021

$991

Corporate Majority

2

5/20/2021

Loan

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$99M

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10

1/11/2021

Unattributed - II

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$99M

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10

1/31/2020

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$991

$99M

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10

11/28/2018

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$991

$99M

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10

Date

7/24/2021

5/20/2021

1/11/2021

1/31/2020

11/28/2018

Investment Stage

Loan

Unattributed - II

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Corporate Majority

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Sources

2

10

10

10

10

Majesco Fund History

1 Fund History

Majesco has 1 fund, including Magic Topco.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Magic Topco

$9.77M

1

Closing Date

Fund

Magic Topco

Fund Type

Status

Amount

$9.77M

Sources

1

Majesco Partners & Customers

10 Partners and customers

Majesco has 10 strategic partners and customers. Majesco recently partnered with Larsen & Toubro Infotech on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/9/2021

Partner

Larsen & Toubro Infotech

India

Majesco Partners with Larsen & Toubro Infotech to Transform Business Operations for Insurers

`` The partnership between Majesco and Larsen & Toubro Infotech will help customers leverage today 's digital technologies and cutting-edge solutions to deliver a new user experience , create new products and services while innovating their business models . ''

2

9/14/2021

Client

Vantage Risk

Bahamas

Vantage Selects Majesco Billing for P&C, Policy for P&C and Digital1st® Insurance as Foundational Platforms for Fueling Insight-Driven Underwriting

`` Risk has never been more prominent and the need for risk capacity and insightful underwriting is critical , '' says Gail McGiffin , Chief Information and Operations Officer at Vantage `` By partnering with Majesco we can quickly adapt to increasingly complex market demands with innovative , next-generation core solutions that are easy to use and flexible to configure .

2

8/5/2021

Client

Openly

United States

2

6/22/2021

Vendor

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10

5/25/2021

Client

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10

Date

11/9/2021

9/14/2021

8/5/2021

6/22/2021

5/25/2021

Type

Partner

Client

Client

Vendor

Client

Business Partner

Larsen & Toubro Infotech

Vantage Risk

Openly

Country

India

Bahamas

United States

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News Snippet

Majesco Partners with Larsen & Toubro Infotech to Transform Business Operations for Insurers

`` The partnership between Majesco and Larsen & Toubro Infotech will help customers leverage today 's digital technologies and cutting-edge solutions to deliver a new user experience , create new products and services while innovating their business models . ''

Vantage Selects Majesco Billing for P&C, Policy for P&C and Digital1st® Insurance as Foundational Platforms for Fueling Insight-Driven Underwriting

`` Risk has never been more prominent and the need for risk capacity and insightful underwriting is critical , '' says Gail McGiffin , Chief Information and Operations Officer at Vantage `` By partnering with Majesco we can quickly adapt to increasingly complex market demands with innovative , next-generation core solutions that are easy to use and flexible to configure .

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Sources

2

2

2

10

10

Majesco Service Providers

3 Service Providers

Majesco has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Other

Financial Advisor

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Service Provider

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Associated Rounds

Acquired

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Provider Type

Other

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Service Type

Financial Advisor

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Partnership data by VentureSource

Majesco Team

24 Team Members

Majesco has 24 team members, including current Chief Executive Officer, Adam Elster.

Name

Work History

Title

Status

Adam Elster

Chief Executive Officer

Current

Manish Shah

President, Chief Product Officer

Current

Joe Aho

Chief Financial Officer

Current

Kunal Karan

Chief Financial Officer

Current

Ed Ossie

Chief Operating Officer

Current

Name

Adam Elster

Manish Shah

Joe Aho

Kunal Karan

Ed Ossie

Work History

Title

Chief Executive Officer

President, Chief Product Officer

Chief Financial Officer

Chief Financial Officer

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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