About Majesco
Majesco is a company based in Morristown (United States) founded in 2015 was acquired by Thoma Bravo in August 2020.. The company has 1,284 employees as of March 29, 2024. Majesco has completed 8 acquisitions, including Agile Technologies, ClaimVantage and Decision Research Corporation. Majesco operates in a competitive market with competitors including Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
- Headquarter Morristown, United States
- Employees 1284 as on 29 Mar, 2024
- Stage Public
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Majesco Software And Solutions India Private Limited
- Date of Incorporation 21 Oct, 2014
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$39.56 M (USD)15.55as on Mar 31, 2023
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Net Profit
$3.74 M (USD)16.94as on Mar 31, 2023
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EBITDA
$5.12 M (USD)-10.49as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
1284
as on Mar 29, 2024
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Investments & Acquisitions
Agile Technologies
& 7 more
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Acquired by
Thoma Bravo
(Aug 08, 2020)
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Leadership Team
38 people
Software Development Team
18 people
Sales and Marketing
14 people
Product Management Team
10 people
Creative and Marketing Team
6 people
Human Resources and Administration
5 people
Finance and Accounting
4 people
Principal Team
2 people
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Funding Insights of Majesco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Majesco
Majesco has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Thoma Bravo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Majesco
Majesco has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Agile Technologies, ClaimVantage and Decision Research Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automated claim technology solutions provider
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2005 | ||||
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Inspection management software is provided for insurance underwriting and risk.
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2005 | ||||
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Employee benefits software automation
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Majesco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Majesco Comparisons
Competitors of Majesco
Majesco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance software suites are developed for insurers and partners.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Majesco
Frequently Asked Questions about Majesco
When was Majesco founded?
Majesco was founded in 2015.
Where is Majesco located?
Majesco is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
How many employees does Majesco have?
As of Mar 29, 2024, the latest employee count at Majesco is 1,284.
What is the annual revenue of Majesco?
Annual revenue of Majesco is $39.56M as on Mar 31, 2023.
What does Majesco do?
Majesco was founded in 2015 and is based in Morristown, United States. Cloud-based platforms for insurance policy administration, claims management, and billing are offered to the insurance sector. Data analytics tools and software for digital transformation, product management, and distribution are also provided. Operations focus on supporting insurers with core suite solutions and data management systems across the industry.
Who are the top competitors of Majesco?
How many acquisitions has Majesco made?
Majesco has made 8 acquisitions, including Agile Technologies, ClaimVantage, and Decision Research Corporation.
Who are Majesco's investors?
Majesco has 1 investor. Key investors include Thoma Bravo.
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