Merger • Software

Majesco Acquires Cover-All Technologies

On June 26, 2015, Majesco acquired software company Cover-All Technologies

Acquisition Context
  • This is Majesco’s 1st transaction in the Software sector.
  • This is Majesco’s 1st transaction in the United States.
  • This is Majesco’s 1st transaction in New Jersey.

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M&A Deal Summary

Date June 26, 2015
Target Cover-All Technologies
Sector Software
Buyer(s) Majesco
Deal Type Merger

Target Company

Cover-All Technologies

Morristown, New Jersey, United States
Cover-All Technologies, Inc. is a provider of innovative and modern P/C insurance software technology solutions.
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Buyer Overview 1

Buyer

Majesco

Morristown, New Jersey, United States

Category Company
Founded 1992
Sector Software
Revenue 140M USD (2019)
DESCRIPTION

Majesco 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. The company's platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Majesco was founded in 1992 and is based in Morristown, New Jersey.


Deal Context for Buyer #
Overall 1 of 8
Sector: Software 1 of 3
Type: Merger 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 6
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Exaxe

Dublin 18, Ireland

Exaxe is a provider of digital solutions to the life, annuity and wealth management sectors. Established over 21 years ago, the company has established strong relationships with customers in the UK and Ireland. Its innovative suite of solutions helps life assurers to develop and implement digital strategies to meet the challenges and opportunities presented by the shift from legacy systems to SaaS-based digital platforms. Exaxe has been leading the charge for this insurance based transformation in Europe and its solutions support the full policy lifecycle from the first customer interaction right through to the payment of a claim.

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