Insurance software provider Majesco is acquiring pension and benefits administration specialist Vitech, in a deal backed by Thoma Bravo and CVC that broadens its reach across the Group & Benefits, Retirement & Pension, and Property & Casualty markets.

Insurance software provider Majesco is acquiring pension and benefits administration specialist Vitech, in a deal backed by Thoma Bravo and CVC that broadens its reach across the Group & Benefits, Retirement & Pension, and Property & Casualty markets.

Majesco, a cloud-native and AI-driven insurance software provider, is a portfolio company of Thoma Bravo. Vitech, a provider of cloud-based pension and benefits administration solutions, is backed by CVC. As part of the transaction, CVC Funds will make a minority investment in Majesco.

A Combined Customer Base Across Segments

The combined business will serve more than 375 customers. These include over 100 in the Life & Annuity and Health (L&AH) segment and more than 275 in the Property & Casualty (P&C) segment.

Majesco notes that more than 40% of insurers operate in both segments, meaning the enlarged group can offer a unified platform spanning the L&AH and P&C markets.

Bringing Two Product Suites Together

The merger combines a range of solutions from both businesses, including:

• Majesco’s L&AH Intelligent Core, IDAM, and Intelligent Sales and Underwriting
• Vitech’s V3locity Core, V3locity Campaign Management, and digital portals

Adam Elster, CEO of Majesco, said the deal would help customers across both sectors.

“We’re bringing together the best technology solutions in the Group & Benefits and Retirement & Pension sectors, enabling our customers to accelerate growth, enhance operational efficiency, and deliver exceptional customer experiences,” he said.

James Ousley, CEO of Vitech, pointed to the combined team’s ability to drive profitable growth for insurers.

Tom Scales, Principal Analyst at Celent, commented on the wider significance of the deal.

“This is a big, positive step for the industry. Majesco’s AI advancements and Vitech’s pension & retirement expertise create a powerful combination that the market will benefit from,” he said.

Investor Confidence

The deal drew support from both backing investors. A.J. Rohde, Senior Partner at Thoma Bravo, said the investment reflected confidence in Majesco’s direction.

“This investment doubles down on our belief in Majesco’s ability to drive customer growth and success in the insurance and pension & retirement markets,” he said.

Aaron Dupuis, Managing Partner at CVC, added: “We’re confident in Majesco’s potential and the combined entity’s value to the insurance industry.”

Majesco, which reports more than 1,000 implementations and over 350 insurers using its platform, said the combination is designed to help insurers manage rising costs and competitive pressures through intelligent technology, AI, and digital tools. As AI adoption accelerates across the sector, the deal positions the enlarged group to serve insurers operating across the P&C, L&AH, and retirement and pension markets from a single platform.