Majesco Acquires InsPro Technologies: Strengthens and Scales Position in L&A and Group Segment
MAJESCO (MJCO)
NASDAQ:AMEX Investor Relations:
investors.majesco.com
Company Research
Source: Business Wire
Expands growth potential and enhances domain depth as insurers seek successful digital and business transformation MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco (NASDAQ: MJCO), a leading cloud and SaaS provider for insurance businesses, announced today that it has completed the acquisition of InsPro Technologies Corporation (OTCBB: ITCC), a U.S. based software leader in the life and annuity insurance market.InsPro Technologies brings an insurance administration and marketing system that supports group and individual business lines, and efficiently processes agent, direct market, worksite and website generated business. Majesco expands their customer portfolio of leading insurers and third-party administrators who currently process over 15 million policies daily, including some with over a million policies each.The expertise, talent and experience that the InsPro Technologies team brings is critical to meeting the demands of today’s digital customer and reinforces Majesco’s commitment
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