Majesco Announces Plans to Unveil New Brand and Vision for the Future of Insurance
April 09 2019 - 9:00AM
Business Wire
Launching the new face and future of Majesco at the company’s
sold-out customer conference
Majesco (NASDAQ: MJCO), a global leader of cloud insurance
software solutions for insurance business transformation, today
announced plans to unveil its new brand and vision for the future
of insurance at Convergence 2019, the company’s global customer
conference.
Majesco has an incredible history of innovation and raising the
bar in the insurance industry. Over the last nine months alone, the
company increased its revenue by more than 14%, as reported in its
third quarter financial results. This was driven primarily by the
growing success of its cloud strategy, with a 51% increase in cloud
revenues year over year for the quarter, representing nearly 40% of
the company’s total revenue.
“Majesco is evolving its brand to mirror who we are as a
company,” says CEO Adam Elster. “The industry is beginning to see
how well-run, digitally-capable insurance can impact the world.
Successful digital transformation is about finding a strategic
partner with the right combination of products and people who can
see ahead and help navigate the changes to come. Majesco is that
partner,” continued Elster. “We’re powered by the best people in
the business, recognized for innovation and vision, and driven to
help our customers define the future and thrive in it.”
With this launch, Majesco is elevating its focus on
next-generation software solutions, unparalleled domain expertise
and industry leadership, and a powerful partner ecosystem to help
insurers modernize, innovate and connect to build the future of
their business – and the industry – at speed and at scale. The new
branding positions Majesco at the intersection of technology,
innovation, human-interaction and trust to give insurers a real
edge as they reimagine insurance processes for the modern
world.
“Our new brand captures the energy and the bold new landscape
that’s unfolding in our industry today and underscored by our
extensive market research and thought leadership” says Denise
Garth, Majesco’s SVP of Strategic Marketing. “Majesco is building
the future—agile, nimble, and lightning fast— a future with
cloud-based products and solutions that have the power to innovate
and transform all existing, greenfield and startup insurers across
Property and Casualty, Life and Annuities, and Group Benefits to
meet the demands of tomorrow, now.”
Majesco’s new tagline says it all: The future of insurance
starts here.
The company’s new brand is live on www.majesco.com today.
About Majesco
Majesco (NASDAQ: MJCO) provides technology, expertise, and
leadership that helps insurers modernize, innovate and connect to
build the future of their business – and the future of insurance –
at speed and scale. Our platforms connect people and businesses to
insurance in ways that are innovative, hyper-relevant, compelling
and personal. Over 190 insurance companies worldwide in P&C,
L&A and Group Benefits are transforming their businesses by
modernizing, optimizing or creating new business models with
Majesco. Our market-leading solutions include CloudInsurer™ P&C
Core Suite (Policy, Billing, Claims); CloudInsurer™ L&A and
Group Core Suite (Policy, Billing, Claims); Digital1st Insurance™
with Digital1st eConnect™, Digital1st EcoExchange™ and Digital1st
Platform™ – a cloud-native, microservices and open API platform;
Distribution Management, Data and Analytics and an Enterprise Data
Warehouse. For more details on Majesco, please visit
www.majesco.com.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act. These forward-looking statements
are made on the basis of the current beliefs, expectations and
assumptions of management, are not guarantees of performance and
are subject to significant risks and uncertainty. These
forward-looking statements should, therefore, be considered in
light of various important factors, including those set forth in
Majesco’s reports that it files from time to time with the
Securities and Exchange Commission and which you should review,
including those statements under “Item 1A – Risk Factors” in
Majesco’s Annual Report on Form 10-K.
Important factors that could cause actual results to differ
materially from those described in forward-looking statements
contained in this press release include, but are not limited
to: integration risks; changes in economic conditions,
political conditions, trade protection measures, licensing
requirements and tax matters; technology development risks;
intellectual property rights risks; competition risks; additional
scrutiny and increased expenses as a result of being a public
company; the financial condition, financing requirements, prospects
and cash flow of Majesco; loss of strategic relationships; changes
in laws or regulations affecting the insurance industry in
particular; restrictions on immigration; the ability and cost of
retaining and recruiting key personnel; the ability to attract new
clients and retain them and the risk of loss of large customers;
continued compliance with evolving laws; customer data and
cybersecurity risk; and Majesco’s ability to raise capital to fund
future growth.
These forward-looking statements should not be relied upon as
predictions of future events and Majesco cannot assure you that the
events or circumstances discussed or reflected in these statements
will be achieved or will occur. If such forward-looking statements
prove to be inaccurate, the inaccuracy may be material. You should
not regard these statements as a representation or warranty by
Majesco or any other person that we will achieve our objectives and
plans in any specified timeframe, or at all. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this presentation. Majesco disclaims
any obligation to publicly update or release any revisions to these
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this press release or
to reflect the occurrence of unanticipated events, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190409005599/en/
Tara Dilzer AlexanderDirector, Marketing Communications and
Creative Services+1 718 916
6873tara.dilzeralexander@majesco.com
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