1. Majesco to Be Acquired by Thoma Bravo

    Majesco to Be Acquired by Thoma Bravo

    Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today 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, in a transaction valuing the company at $594 million...

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    1. Our decision was made with the best interests of our stockholders and we believe that the transaction will also benefit our 2,400+ employees and our more than 200 customers.
    2. We see Majesco as a leader in helping its insurance customers get to the cloud faster, and modernize their internal and external facing systems.
    3. We've followed the impressive Majesco journey for many years. Digital transformation demand continues to grow as insurers look to modernize, and with our partnership we plan to accelerate product investment to support the needs of the insurance industry.
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