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Announced

Completed

Majesco completed the acquisition of InsPro Technologies for $12m.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Majority

Single Bidder

software development

Acquisition

Friendly

United States

Public

Completed

Synopsis

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Majesco, an insurance solutions and services provider, completed the acquisition of InsPro Technologies, a US-based software provider in the life and annuity insurance market, for $12m. "The InsPro team brings years of experience and amazing talent to the global Majesco team. Together, we’ll focus on bridging customers to the new world with continuous software innovation that help them take advantage of the market growth opportunities in today’s insurance experience with cloud and digital transformation," Adam Elster, Majesco CEO.

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