@majesco.com
Majesco Insurance Software solutions & expertise help insurers modernize, innovate and connect to digitally transform their business at speed and at scale.
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About
Description
Majesco is a software solutions provider headquartered in Morristown, New Jersey, United States. The company specializes in providing software products and services to the insurance industry. Majesco was founded in 1992 as a subsidiary of Mastek Limited, an IT solutions provider based in India.
In 2010, Mastek divested Majesco Technologies, and it became an independent company. Since then, Majesco has grown to become a leading provider of insurance technology software and services. The company's headquarters in Morristown, New Jersey, serves as a hub for its global operations.
It houses various departments such as research and development, sales, marketing, and customer support. Majesco also has several offices across the United States and globally, including Canada, India, the United Kingdom, and Malaysia. Majesco offers a range of software products and solutions for the insurance industry.
Its main products include insurance core systems, such as policy management, claims management, and billing management software. The company also provides digital solutions, data and analytics offerings, and cloud-based solutions to help insurers transform their operations and improve customer experience. Majesco operates on a global scale and has established partnerships with major insurance firms across the world.
It has noteworthy subsidiaries, including its UK-based subsidiary, Agile Technologies Ltd., which focuses on solutions for the London insurance market. In terms of market position, Majesco is recognized as a leading player in the insurance technology space. The company has a strong presence in the North American market, where it serves many top-tier insurance companies.
It has also expanded its global footprint, with a growing customer base in Europe and Asia. Majesco's growth in recent years has been driven by its focus on innovation and digital transformation. The company has made strategic acquisitions to enhance its product offerings and expand its market reach.
In 2020, Majesco was acquired by Thoma Bravo, a leading private equity firm, which further strengthened its position in the market. Currently, Majesco continues to innovate and develop advanced software solutions to serve the evolving needs of the insurance industry. The company remains committed to driving digital transformation and helping insurers adapt to the changing landscape of the insurance market
Company Type
Privately Held
Company Size
1001-5000
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