Thoma Bravo-backed Majesco to acquire Vitech from CVC.

Thoma Bravo-backed Majesco, a provider of in cloud-native, AI-native software for the P&C and L&AH segments, agreed to acquire Vitech, a provider of cloud-native benefits administration software, from CVC, a private equity and investment advisory firm. Financial terms were not disclosed. “We’re thrilled to bring together the pre-eminent technology solutions in the Group & Benefits and Retirement & Pension sectors, which will help the L&AH segment, and our customers fast-track their growth, operational efficiencies, innovation, and customer excellence strategies. Together with our P&C intelligent solutions, we will strengthen our offering of cutting-edge, intelligent, and market-leading solutions that redefine businesses for a new era of insurance," Adam Elster, Majesco CEO.