Majesco USA, a leading software solution for insurance business transformation, founded by Ketan Mehta and headquartered in Morriston, New Jersey has announced that it has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors.
Majesco USA (“Majesco USA”) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 200 insurance companies worldwide in property and casualty (P&C), life and annuity (L&A) and group benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. The shares of Majesco USA are listed on the New York Stock Exchange.
Majesco USA is the subsidiary of Majesco Limited. Majesco Limited’s equity shares are listed on nationwide bourses in India. Apart from investment in Majesco US, it does not have any significant assets. The company is not engaged in any business as on date.
|Total Consolidated Revenue||₹1062 crores|
|Attributable to US Subsidiary||99.04%|
|Total Net-worth||₹698 crores|
|Attributable to US Subsidiary||93%|
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $45 billion in capital commitments, Thoma Bravo partners with a Company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. The firm has offices in San Francisco and Chicago.
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