Majesco Acquires InsPro Technologies

Majesco Acquires Global IQX

October 3, 2022

Cloud & SaaS

Majesco has acquired Global IQX, a SaaS insurtech that provides underwriting workbench, enrollment and AI solutions, adding sixteen customers and product capabilities. The deal integrates Global IQX’s underwriting, enrollment and intelligence tools into Majesco’s L&AH policy and absence management portfolio to accelerate capability expansion, speed to market and digital transformation for insurers.

Thoma Bravo Acquires Majesco

July 20, 2020

Software

Thoma Bravo, a leading private equity firm focused on software and technology-enabled services, completed the acquisition of Majesco, a cloud insurance software provider, in a cash transaction under which Majesco's common stock ceased trading and the company became privately held. The deal was announced with an agreed cash price of $16.00 per share; Majesco employs roughly 2,400+ people and will partner with Thoma Bravo to accelerate its cloud and product investment strategy.

ReSource Pro Acquires MIS Insurance Services

October 17, 2022

Software

ReSource Pro, an insurance-focused business process and technology provider, has acquired MIS Insurance Services, a Maitland, Florida-based provider of policy administration software and web-based services for the commercial P&C insurance market. The acquisition (closed October 14, 2022) will enable ReSource Pro to deepen its policy administration and program-launch capabilities and expand MIS's reach through ReSource Pro's carrier, MGA and program administrator network.

Majesco Acquires Vitech from CVC Capital Partners

January 10, 2026

Cloud & SaaS

Majesco has closed its acquisition of Vitech, adding cloud-native pension and benefits administration capabilities to its AI- and cloud-native insurance platform. The transaction also included a minority investment in Majesco by CVC Capital Partners to support Majesco's continued expansion and AI roadmap.

Majesco Acquires Decision Research Corporation (DRC) Business

January 3, 2024

Software

Majesco has acquired the Decision Research Corporation (DRC) insurance software business, adding DRC's enterprise rating engine, reinsurance solution, and P&C core platform to Majesco's product portfolio. The acquisition brings over 20 P&C customers into Majesco's community and expands its capabilities for MGAs, MGUs and smaller insurers to accelerate speed to market and product innovation.

Majesco Acquires ClaimVantage

January 7, 2021

Cloud & SaaS

Majesco has acquired ClaimVantage, a provider of enterprise claims and absence/accommodation management software for the Life & Annuity and Group insurance market. The deal (announced after Thoma Bravo’s acquisition of Majesco) expands Majesco’s cloud SaaS product suite and deepens its capabilities in L&A, group benefits, absence and integrated disability management.