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New Deal


Announced

Completed

Majesco completed the acquisition of Global IQX.

Financials

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

Tags

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Canada

insurtech services

Cross Border

FinTech

Majority

Productivity Software

Friendly

Acquisition

Private

Completed

Single Bidder

Synopsis

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Majesco, a provider of cloud insurance software solutions for insurance business transformation, completed the acquisition of Global IQX, a developer of a group insurance procurement platform. Financial terms were not disclosed. “We’re thrilled to welcome Global IQX’s customers to our community and look forward to working with them to accelerate their digital business transformation and drive customer excellence. Global IQX market leading solutions combined with our core and absence solutions will provide the L&AH insurance market with some of the most robust, innovative solutions. We are excited to have the talented Global IQX team bring their extensive knowledge and market experience providing critical depth and expertise to our rapidly growing customer base," Adam Elster, Majesco CEO.

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