Majesco Inc.
 | |
Formerly | MajescoMastek (2005–2014) |
|---|---|
| Public | |
| Traded as | NASDAQ: MJCO |
| ISIN | 🆔 |
| Industry | Software industry |
| Founded 📆 | 1992 |
| Founder 👔 | |
| Headquarters 🏙️ | , , U.S. |
Area served 🗺️ | Worldwide |
Key people | Adam Elster (CEO) |
| Members | |
Number of employees | |
| Parent | Mastek (2005–2014) |
| 🌐 Website | majesco.com |
| 📇 Address | |
| 📞 telephone | |
Majesco Inc. (formerly MajescoMastek) is a multinational provider of insurance technology software, information technology services and consulting to insurance carriers worldwide across lines of business – property & casualty (general insurance), life, annuity, health, pensions, and group & worksite benefits insurance.
History[edit]
MajescoMastek, the U.S. subsidiary of Mastek was founded in 1992. In 2005, the firm acquired Entegram LLC, a Connecticut-based software company.[1] In 2007, it acquired Vector Insurance Services a technology provider and third-party administrator that focuses on the North American life and annuity insurance industry.[2] Systems Task Group (STG) an IP-based enterprise provider to the North American property and casualty (P&C) insurance industry was acquired in 2008.[3] In 2009, MajescoMastek entered the Canadian Market. SEG Software, LLC, a provider of policy administration systems covering individual and group life, health & annuity insurance products was acquired in 2010.[citation needed]
In 2014, MajescoMastek demerged from Mastek consolidating all of its insurance business internationally under the new brand, Majesco.[4] Majesco acquired the consulting firm Agile Technologies in February 2015.[5] In December 2014, the firm announced the signing of an agreement to merge the business of Cover-All Technologies (NYSE MKT: COVR) with Majesco.[6]
In September 2018, Adam Elster was appointed as Majesco's chief executive officer.[7]
References[edit]
- ↑ "MajescoMastek Acquires Connecticut Software Company". Businesswire.com. 2005-10-24. Retrieved 2014-01-29.
- ↑ "MajescoMastek Acquires Insurance-Focused IT Company". Businesswire.com. 2007-07-16. Retrieved 2014-01-29.
- ↑ "Mastek acquires STG for $29 mn". Business-standard.com. 2008-03-11. Retrieved 2014-01-29.
- ↑ "MajescoMastek to Consolidate Global Insurance Technology Business". businesswire.com. 23 September 2014. Retrieved 1 July 2015.
- ↑ "Majesco Completes Acquisition of Insurance Business of Agile Technologies - Business Wire". businesswire.com. 11 February 2015. Retrieved 1 July 2015.
- ↑ "Majesco to merge with Cover-All Technologies; stocks up 20%". moneycontrol.com. Retrieved 1 July 2015.
- ↑ "Majesco Appoints Adam Elster as CEO". www.businesswire.com. 2018-09-25. Retrieved 2019-08-12.
External links[edit]
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