M&A Deal Summary

Majesco Acquires Utilant

On May 20, 2021, Majesco acquired information technology company Utilant from Aquiline Capital Partners

Acquisition Highlights
  • This is Majesco’s 1st transaction in the Information Technology sector.
  • This is Majesco’s 4th transaction in the United States.
  • This is Majesco’s 1st transaction in New York.

M&A Deal Summary
Date 2021-05-20
Target Utilant
Sector Information Technology
Buyer(s) Majesco
Sellers(s) Aquiline Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Utilant

Buffalo, New York, United States
Utilant is a provider of the P&C insurance industry’s premier loss control survey management through its LossControl360 SaaS solution. Utilant was established in 2005 and is based in Buffalo, New York.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 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 STATS #
Overall 5 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 ClaimVantage

Portland, Maine, United States

ClaimVantage is a provider of life and health claim management software, as well as absence management solutions to insurance carriers, TPAs, and large employers. ClaimVantage was founded in 2005 and is based in Portland, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Global IQX

Nepean, Ontario, Canada

Global IQX is a SaaS-based insurtech who delivers market-leading solutions insurers rely on to streamline, automate, and transform the way they do business. Global IQX was founded in 2000 and is based in Nepean, Ontario.

Buy -

Seller(S) 1

SELLER

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 17 of 27
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 10 of 14
State (New York) 3 of 4
Country (United States) 11 of 18
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Fenergo

Dublin, Ireland

Fenergo is a provider of Client Lifecycle Management software solutions for investment banks, capital market firms, and private banks. Fenergo was founded in 2008 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Wealth at Work

Liverpool, United Kingdom

Wealth at Work provides services that allow employees to maximize the value of their benefits by providing financial education tailored to the needs of individual employers and of different employee groups within these companies. Wealth at Work was formed in 2004 and is based in Liverpool, United Kingdom.

Buy -
Mergr

Product

Company

Legal