From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Majesco Inc.
MajescoMastek (2005–14)
Russell 2000 Index component
IndustrySoftware industry
FoundedFebruary 15, 2005; 14 years ago (2005-02-15)
FounderKetan Mehta
Area served
Key people
  • Adam Elster (CEO)
  • Edward Ossie (COO)
  • Farid Kazani (CFO)
ParentMastek (2005–14)

Majesco Inc. (formerly MajescoMastek) is a multinational provider of insurance technology software, information technology services and consulting to insurance carriers worldwide across lines of business – property & casualty (general insurance), life, annuity, health, pensions, and group & worksite benefits insurance.


MajescoMastek, the U.S. subsidiary of Mastek was founded in 1992. In 2005, the firm acquired Entegram LLC, a Connecticut-based software company.[1] In 2007, it acquired Vector Insurance Services a technology provider and third-party administrator that focuses on the North American life and annuity insurance industry.[2] Systems Task Group (STG) an IP-based enterprise provider to the North American property and casualty (P&C) insurance industry was acquired in 2008.[3] In 2009, MajescoMastek entered the Canadian Market. SEG Software, LLC, a provider of policy administration systems covering individual and group life, health & annuity insurance products was acquired in 2010.[citation needed]

In 2014, MajescoMastek demerged from Mastek consolidating all of its insurance business internationally under the new brand, Majesco.[4] Majesco acquired the consulting firm Agile Technologies in February 2015.[5] In December 2014, the firm announced the signing of an agreement to merge the business of Cover-All Technologies (NYSE MKT: COVR) with Majesco.[6]


  1. ^ "MajescoMastek Acquires Connecticut Software Company". 2005-10-24. Retrieved 2014-01-29.
  2. ^ "MajescoMastek Acquires Insurance-Focused IT Company". 2007-07-16. Retrieved 2014-01-29.
  3. ^ "Mastek acquires STG for $29 mn". 2008-03-11. Retrieved 2014-01-29.
  4. ^ "MajescoMastek to Consolidate Global Insurance Technology Business". 23 September 2014. Retrieved 1 July 2015.
  5. ^ "Majesco Completes Acquisition of Insurance Business of Agile Technologies - Business Wire". 11 February 2015. Retrieved 1 July 2015.
  6. ^ "Majesco to merge with Cover-All Technologies; stocks up 20%". Retrieved 1 July 2015.

External links[edit]