Majesco, a recognized leader in cloud-native and AI-native insurance technology, has officially completed its previously announced acquisition of Vitech, a well-known provider of cloud-based pension and benefits administration solutions. With this strategic move, Majesco significantly broadens its reach beyond Property & Casualty (P&C) and Life, Annuity, and Health (L&AH) insurance, while firmly establishing its presence in the Group & Benefits and Pension & Retirement markets. As a result, the company strengthens its position as a category leader delivering next-generation core platforms designed for the evolving needs of insurers and benefits providers.
According to Majesco, the acquisition marks a pivotal step in its long-term growth strategy. By integrating Vitech’s deep expertise and proven solutions, Majesco can now offer a more comprehensive and innovative portfolio tailored to address increasingly complex operational, regulatory, and customer demands. These expanded capabilities are expected to help customers reduce expense ratios, modernize legacy systems, streamline workflows, and accelerate the launch of new products across multiple insurance and retirement segments.
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“We are thrilled to officially welcome Vitech to Majesco,” said Adam Elster, CEO of Majesco. “This is a powerful moment for our customers as we significantly expand into new markets and add capabilities and expertise to drive innovation, growth, and efficiency. We’re bringing unmatched AI-leadership and expertise across P&C, Group & Benefits, and Pension & Retirement to support our customers and the market in the new era.”
Furthermore, the combination of Majesco’s AI-native core platforms with Vitech’s cloud-native pension and benefits administration solutions creates a future-ready technology foundation. Together, these offerings enable organizations to respond faster to regulatory changes, meet rising customer expectations, and scale efficiently in a rapidly changing industry landscape. By focusing on intelligent automation, data-driven insights, and cloud agility, Majesco aims to empower customers to compete more effectively while preparing for long-term growth.
Vitech also views the transaction as a major milestone. “This marks an important milestone for both organizations,” said James Ousley, CEO of Vitech. “Our combined talent and solutions portfolio create a powerful foundation to improve efficiency, extend capabilities, and prepare for a rapidly evolving market. We’re excited to join Majesco and about the unique possibilities it brings to our customer base.”
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Notably, the close of this acquisition signals the beginning of Majesco’s next phase of expansion. The company is placing a strong emphasis on delivering industry-leading, AI-native innovation across P&C, L&AH, and Retirement & Pension markets. Recently, Majesco announced plans to quadruple its investment in AI to accelerate its P&C roadmap and deliver greater value to customers through enhanced automation, intelligence, and operational performance.
In addition, CVC Funds have completed a minority investment in Majesco as part of the overall transaction. This investment provides additional capital to support Majesco’s continued innovation and expansion across its AI-native product portfolio. The transaction was supported by leading advisors, with Kirkland & Ellis LLP serving as legal advisor to Majesco and Thoma Bravo, White & Case LLP advising CVC Capital Partners, and RBC Capital Markets acting as financial advisor to Vitech.
Overall, the acquisition positions Majesco to deliver broader value, deeper expertise, and next-generation technology to insurers and benefits providers navigating an increasingly complex and competitive market environment.
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