Majesco Executes on Accelerated Growth Strategy Within First Six Months of Acquisition by Thoma Bravo
Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced its recent advancement and future plans following the acquisition by Thoma Bravo in September 2020.
Thoma Bravo, a leading private equity firm on the software and technology-enabled services sectors, purchased Majesco with plans to leverage its own operational experience to enhance Majesco's capabilities and the continued growth and shift of Majesco's business model to cloud software revenue.
"In just six short months, we've leveraged Thoma Bravo's extensive resources and industry knowledge to accelerate our growth strategy, shift to cloud product revenue and expand our leadership position in the cloud insurance software sector," says Adam Elster, CEO of Majesco. "Each day that we work with industry leaders, customers and partners we receive confirmation that our strategy, direction and view of the future of insurance is aligned with the market. The flexibility of being a private company has allowed us to help the market accelerate their plans and shift to the future."
Majesco has accomplished the following in the 6 months since the acquisition:
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