Majesco Strengths, Domain Expertise, and Key Differentiators
Majesco offers cutting-edge technology, extensive expertise, and visionary leadership to empower insurers in their journey towards modernization, innovation, and connectivity, shaping the future of both their business and the insurance industry rapidly and comprehensively. Through their advanced platforms, Majesco facilitates innovative, highly personalized, and compelling connections between individuals, businesses, and insurance, redefining the landscape with relevance and agility.
Majesco Recent Developments
Majesco has strengthened its position in the property and casualty insurance market through strategic initiatives, including the acquisition of Decision Research Corporation, which expanded its customer base with over 20 new clients. The company has also enhanced customer engagement with the launch of a product portal that provides easy access to product details and future roadmap insights. Additionally, Majesco has advanced its technology offerings with the release of the P&C Core Suite Version 11, which includes significant updates across policy, billing, and claims modules, aimed at helping insurers accelerate their digital transformation.
Majesco Mergers and Acquisitions (M&A) Activities
Majesco has pursued a series of strategic acquisitions to expand its capabilities and market presence in the insurance technology sector. By integrating companies such as Global IQX, InsPro Technologies, and Exaxe, Majesco has enhanced its offerings in underwriting, enrollment, policy administration, and cloud-based solutions across life, annuity, and P&C insurance markets. The company also consolidated its global operations by acquiring its India-based software business, streamlining its structure. With the support of private equity firm Thoma Bravo, which acquired Majesco and transitioned it into a privately held entity, the company is well-positioned to drive continued innovation and growth in the insurance technology space.
Majesco Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Majesco applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Majesco and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Majesco CloudInsurer P&C Core Suite, Digital1st Insurance, CloudInsurer LifePlus, Cloudinsurer L&A and Group Core Suite, Majesco Health Core customers.
Majesco Overview
412 Mount Kemble Avenue, Suite 110C
Morristown, NJ, 7960, United States
1 973-461-5200
https://www.majesco.com/
Ownership: - Thoma Bravo
Number of Employees: 3000
Functional Markets: Analytics and BI, CRM, ERP Financial, ERP Services and Operations, HCM,
Key Verticals: Insurance,
Majesco Key Enterprise and Cloud Applications
Majesco CloudInsurer P&C Core Suite, Digital1st Insurance, CloudInsurer LifePlus, Cloudinsurer L&A and Group Core Suite, Majesco Health Core
Majesco Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Majesco Revenue Breakdown By Type, $M:
Majesco Enterprise Applications Revenues By Functional Markets, $M:
Majesco Enterprise Applications Revenues By Verticals, $M:
Majesco Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Majesco Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Majesco Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Majesco Customers
No. of Majesco Customers: 350
No. of Majesco Enterprise Applications Customers: 350
No. of Majesco Cloud Customers: 350
No. of Majesco Cloud Subscribers: x
Majesco serves over 350 insurance carriers globally, including MMG, a mid-market insurer utilizing Majesco P&C Suite and Majesco Business Analytics in the Cloud. UNUM, a tier one insurer, has adopted Majesco L&A Policy and Majesco Billing. QBE, a top 20 insurer, has integrated Majesco Billing, Policy Admin, and Business Analytics in the cloud. Additionally, Majesco caters to a burgeoning array of InsurTech startups and established greenfields such as Heritage Insurance, Urban Advantage, Ategrity Specialty Insurance, Say Insurance, and others.
Majesco Market Opportunities, M&A and Geo Expansions
Majesco has reinforced its position in the insurance technology market through strategic acquisitions, product enhancements, and partnerships aimed at supporting digital transformation and operational efficiency for insurers. The integration of Decision Research Corporation strengthens its P&C solutions by enhancing adaptability and streamlining operations. Product innovations like the Insurance Data & Analytics Platform and enhancements to the Digital1st® EcoExchange support real-time insights and expand partner integration capabilities. Collaborations with DataRobot and Capgemini further boost AI-driven innovation and business transformation, particularly in the life, annuity, and group insurance markets. These initiatives reflect Majesco’s commitment to delivering scalable, customer-centric solutions that align with evolving market demands.
Majesco Risks and Challenges
The acquisition of Majesco by private equity firm Thoma Bravo introduced a new leadership dynamic that may significantly influence the company's strategic direction and future growth trajectory.
Majesco Ecosystem, Partners, Resellers and SI
With a strong global presence across North America, EMEA, and the Asia Pacific, Majesco is a software platform partner of choice for insurance carriers worldwide. Majesco has strategic partnerships with IBM, Deloitte, Capgemini, and Symcor including industry and solutions partners such as IAcord, IASA, LOMA, Silicon Valley Insurance Accelerator, TMPAA, Appulate, BluePrint, CalcFocus, DataRobot, Denim, Digital Matrix Systems, DOOR3, Dropin, CyberSource, eGain, Fusion, LexisNexis, Microsoft Azure, ISO, Elafris, Splice Software, and others.
Majesco has fortified its Majesco Analytics solutions by leveraging Qlik's data integration capabilities, thereby expediting implementation processes.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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