Tier Two Specialty Insurer Renews Application Management Services Agreement for Three Years with Majesco
10 April 2017 - 10:45PM
Business Wire
Majesco Services provide end to end support to
a number of key operational systems
Majesco (NYSE MKT:MJCO), a global provider of core insurance
software, consulting and services for insurance business
transformation, today announced that a tier two specialty insurer
renewed its application management services agreement with Majesco
for three years to support a number of key operational systems.
The insurer is focused on specialty related insurance in the
U.S. The agreement will provide the insurer end to end support of
some of their key operational systems for three years. The
application management services are part of Majesco’s ADM services.
The insurer has been a long-term strategic client of Majesco.
“We are honored and excited to extend our strategic partnership
with this specialty insurer, helping them continue their dedication
to service to their customers,” commented Ganesh Pai, EVP of
Consulting Services for Majesco. “Our robust and deep application
maintenance services capabilities are designed to help them
continue to deliver optimum insurance business outcomes, including
service to their independent agents and customers. We look forward
to the next three years of our partnership with them.”
Majesco Consulting Services provides strategic, value-added
services based on industry-specific frameworks, assets, and
expertise to help insurers accelerate their business priorities and
drive achievement of critical business or project outcomes. Majesco
services include Majesco Enterprise Consulting, Majesco Digital
Services, Majesco Data Services, Majesco Application Development
and Management (ADM) Services and Majesco Testing Services.
About Majesco
Insurance business transformation is a journey of change and
revitalization, a renaissance of insurance. Approximately 150
insurance companies worldwide in P&C, L&A and Group/
Employee Benefits are transforming their businesses with Majesco’s
solutions. Our market leading software, consulting and services
uniquely underpin the entire insurance value chain and are designed
to empower insurers with the agility, innovation and speed needed
to meet their transformation opportunities. Majesco’s solutions
include policy management, new business / underwriting, rating,
billing, claims management, distribution management, BI/ analytics,
predictive modelling, digital platform with mobile and portal,
testing services, cloud services, bureau and content services,
transformation services, consulting services and more.
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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MajescoAshwin Rodrigues, +1-973-461-9087Director — Global
Marketingashwin.rodrigues@majesco.com
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