Operating Company Software

Majesco

Morristown, New Jersey, United States

AI-native, cloud insurance software and intelligent SaaS platform for P&C, L&A(H), Group Benefits and Pension & Retirement markets, covering core, underwriting, loss control, distribution, digital solutions, and pension/retirement administration.

Focus Areas
Insurance core systems, Insurance underwriting workbench, Claims and absence/accommodation management
Website
majesco.com

Tracked deals

6

6 tracked deals across 2020-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

5 buyout · 1 addon

Majesco Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Majesco. 1 2020 2 2021 1 2022 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Majesco, CVC Funds (minority investor)
    Target
    Vitech
    Industry
    Cloud & SaaS
    Type
    Buyout

    Majesco has closed its previously announced acquisition of Vitech, a provider of cloud-native pension and benefits administration solutions. The deal expands Majesco’s Group Benefits and Pension & Retirement capabilities and strengthens its AI- and cloud-native platform for P&C and L&A(H) insurers and retirement/Pension markets.

  • Buyer
    Majesco
    Target
    Decision Research Corporation (DRC) business
    Industry
    Software
    Type
    Buyout

    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.

  • October 3, 2022
    Buyer
    Majesco
    Target
    Global IQX
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada
    Type
    Buyout

    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.

  • Buyer
    Majesco
    Target
    Utilant LLC
    Industry
    Cloud & SaaS
    Type
    Buyout

    Majesco, a global provider of cloud insurance platform software, has acquired Utilant LLC, a U.S.-based InsurTech offering survey management SaaS for loss control and premium audit along with AI/ML data and analytics. The deal adds over 87 Utilant customers to Majesco, and Majesco will launch a new Data and Analytics business unit led by Utilant founder Patrick Davis to accelerate embedded analytics and loss-control capabilities for P&C insurers.

  • Buyer
    Majesco
    Target
    ClaimVantage
    Industry
    Cloud & SaaS
    Location
    Ireland
    Type
    Addon

    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.

  • Buyer
    Majesco
    Target
    InsPro Technologies Corporation
    Industry
    Software
    Type
    Buyout

    Majesco (NASDAQ: MJCO) entered into a merger agreement to acquire InsPro Technologies Corporation, a U.S.-based provider of policy administration software for the life and annuity insurance market. The cash-for-stock transaction (approximately $12 million of consideration) is intended to expand Majesco's capabilities and scale in the life & annuity, group and voluntary benefits segments; InsPro brings over 50 employees and an established policy administration platform serving large insurers and third-party administrators.

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