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.
Shares of Majesco Ltd was last trading in BSE at Rs.502.6 as compared to the previous close of Rs. 492.7. The total number of shares traded during the day was 2300 in over 154 trades.
The stock hit an intraday high of Rs. 519.7 and intraday low of 496. The net turnover during the day was Rs. 1157802.