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MORRISTOWN, N.J.–(BUSINESS WIRE)–Aug. 28, 2019– Majesco (NASDAQ: MJCO), a all-around provider of billow allowance belvedere software, today appear that it has been positioned as a “Visionary” in the August 2019 Magic Quadrant for Activity Allowance Action Administering Systems, North America.

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The address evaluates 12 vendors. According to the report, “This Magic Quadrant provides a lens into the North American bazaar for activity allowance action administering systems (PASs) acclimated by alone and accumulation activity and accomplishment (L&A) insurers.”

“Scalable amount systems that abutment connected change are analytical to a abiding and adjustable agenda business technology platform,” says the Gartner report, authored by Richard Natale, Senior Director Analyst. “Life allowance CIOs will acquisition it basic to lay the background for the accepted change of their agenda business technology roadmap by modernizing their amount systems.”

The address notes, “essential characteristics of avant-garde amount arrangement that can abutment agenda business include:

“We accept amount belvedere systems are the operational foundation on which allowance companies run their business. Today’s activity allowance companies charge a billow business belvedere with agenda capabilities that accredit business transformation and the adeptness to barrage new articles to bazaar in canicule and weeks against years. Majesco has aggressively focused on addition to advice our barter appearance the approaching of their businesses and the industry at acceleration and scale,” said Majesco CEO Adam Elster. “We’re honoured to be called a Visionary by Gartner in the Magic Quadrant for Activity Allowance Action Administering Systems, North America. We feel it’s a attestation to Majesco’s avant-garde technology, backed by an abundantly accomplished aggregation with unparalleled industry expertise, area adeptness and chump focus.”

Over the accomplished year, Majesco alien a cardinal of enhancements to its L&A and Accumulation Amount Suite, absorption heavily on acceleration to amount and ensuring best-in-class amount processing capabilities beneath a distinct platform. Majesco barter can now booty advantage of pre-configured allowance articles with 3500 capabilities and 5000 rules and workflows, new and bigger UX for bigger user experience, 1200 APIs, 500 contest and 70 ACORD casework with several added pre-defined affiliation credibility to abutment accepted articles or barrage new products.

“Majesco L&A and Accumulation Amount Apartment brings a host of exciting, avant-garde capabilities to life, accumulation and annuities insurance, such as an AI-powered accumulation sales action to bear a agenda RFP, an AI bot-driven communicative UX for navigation, and an consistently beeline through processing access to acceleration up transaction processing alone or beyond assorted points. These cogent enhancements authenticate the cardinal amount of the artefact and our charge to addition and bazaar administration for our life, annuities and accumulation allowance customers, and we accept this was ultimately reflected by our move to the ‘Visionaries’ Quadrant in the 2019 Gartner report,” commented Majesco President and Chief Artefact Officer Manish Shah.

Majesco L&A and Accumulation Apartment supports all individual, accumulation and autonomous allowances on a distinct platform, acquainted that growing and application customers, behindhand of area they originate, is analytical to insurers’ advance strategies. The apartment provides basic amount arrangement capabilities for policy, announcement and claims. The able architecture allows for accelerated adjustment for new, avant-garde articles or account plans, giving insurers the power, adaptability and acceleration bare to abduction opportunities and actualize assisting growth.

Gartner Disclaimer

Gartner does not endorse any vendor, artefact or account depicted in its analysis publications, and does not admonish technology users to baddest alone those vendors with the accomplished ratings or added designation. Gartner analysis publications abide of the opinions of Gartner’s analysis alignment and should not be construed as statements of fact. Gartner disclaims all warranties, bidding or implied, with account to this research, including any warranties of merchantability or fettle for a accurate purpose.

About Majesco

Majesco (NASDAQ: MJCO) provides technology, expertise, and administration that helps insurers modernize, innovate and affix to body the approaching of their business – and the approaching of allowance – at acceleration and scale. Our platforms affix bodies and businesses to allowance in means that are innovative, hyper-relevant, acute and personal. Over 200 allowance companies common in P&C, L&A and Accumulation Allowances are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions accommodate CloudInsurer™ P&C Amount Apartment (Policy, Billing, Claims); CloudInsurer™ L&A and Accumulation Amount Apartment (Policy, Billing, Claims); Digital1st Insurance™ with Digital1st eConnect™, Digital1st EcoExchange™ and Digital1st Platform™ – a cloud-native, microservices and accessible API platform; Administration Management, Abstracts and Analytics and an Action Abstracts Warehouse. For added capacity on Majesco, amuse appointment www.majesco.com.

Cautionary Language Concerning Forward-Looking Statements

This columnist absolution contains advanced statements aural the acceptation of the “safe harbour” accoutrement of the Private Securities Litigation Reform Act. These advanced statements are fabricated on the base of the accepted beliefs, expectations and assumptions of management, are not guarantees of achievement and are accountable to cogent risks and uncertainty. These advanced statements should, therefore, be advised in ablaze of assorted important factors, including those set alternating in Majesco’s letters that it files from time to time with the Securities and Exchange Commission (SEC) and which you should review, including those statements beneath “Item 1A – Accident Factors” in Majesco’s Annual Address on Form 10-K.

Important factors that could account absolute after-effects to alter materially from those declared in advanced statements independent in this columnist absolution include, but are not bound to: affiliation risks; changes in bread-and-butter conditions, political conditions, barter aegis measures, licensing requirements and tax matters; technology development risks; bookish acreage rights risks; antagonism risks; added analysis and added costs as a aftereffect of actuality a accessible company; the banking condition, costs requirements, affairs and banknote breeze of Majesco; accident of cardinal relationships; changes in laws or regulations affecting the allowance industry in particular; restrictions on immigration; the adeptness and amount of application and recruiting key personnel; the adeptness to allure new audience and absorb them and the accident of accident of ample customers; connected acquiescence with evolving laws; chump abstracts and cybersecurity risk; and Majesco’s adeptness to accession basic to armamentarium approaching growth.

These advanced statements should not be relied aloft as predictions of approaching contest and Majesco cannot assure you that the contest or affairs discussed or reflected in these statements will be accomplished or will occur. If such advanced statements prove to be inaccurate, the blunder may be material. You should not attention these statements as a representation or assurance by Majesco or any added being that we will accomplish our objectives and affairs in any defined timeframe, or at all. You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date of this presentation. Majesco disclaims any obligation to about amend or absolution any revisions to these advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, afterwards the date of this columnist absolution or to reflect the accident of hasty events, except as appropriate by law.

Source: Majesco

Media Tara Dilzer Alexander Director, Marketing Communications and Creative Services 1 718 916 6873 [email protected]

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