insurance technology company Majesco stated it has finished
the acquisition of the coverage business of Agile technology, a era consulting
firm with sales of over $9 million.
In December 2014, Majesco announced that it had agreed to
acquire the coverage business of Agile technology.
terms of the deal have been no longer disclosed.
also remaining December, Majesco stated it deliberate to
merge with cowl-All technology, another coverage tech-business enterprise, in a
deal it said might create an operation with $a hundred million in annual sales
and a global reach. That deal is expected to shut within the 2015 second
sector. cover-All affords browser-based totally business strains coverage,
commercial enterprise intelligence, and claims applications.
Agile Deal
Majesco stated the addition of Agile’s consulting offerings
will aid and boost up the organization’s boom plans. Agile is now absolutely
integrated into Majesco and could perform under the ‘Majesco’ logo, the firm
stated.
All personnel which includes the management team at Agile
have joined Majesco.
invoice Freitag, founding father of Agile as well as its
dealing with associate and CEO, has joined Majesco as govt vp. he will lead
Majesco’s consulting enterprise.
John Johansen, former partner and co-founder at Agile, has
joined Majesco’s executive group as senior vp with duty for leading records
strategy and business intelligence at Majesco.
Robert Buhrle, former associate at Agile, has joined Majesco
as vice chairman of client servicing.
Majesco gives center policy administration, distribution
management, underwriting, billing applications and portals to insurance
providers. The firm is based totally in big apple and has workplaces in Edison,
New Jersey; Glastonbury,
Connecticut, and Toronto,
Ontario, in addition to in India,
the UK, Malaysia,
Singapore and Thailand.
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