IIR talks with Majesco CEO Adam Elster and Thoma Bravo partner A.J. Rohde about how private ownership has opened a path for the insurance core system/platform software company to rapidly evolve.
Majesco leadership says the transaction, valuing the company at $594 million, will support the company’s strategic vision to help global insurers transition to the cloud.
Other insurance industry technology vendors Thoma Bravo has invested in include iPipeline and Hyland Software.
The deal will help to fuel organic growth and enable the company to pursue complementary acquisitions that will increase its value to the insurance industry, according to iPipeline CEO Tim Wallace.
Thoma Bravo’s new offer valued Majesco at $729 million, as opposed to $594 announced July 20, with consideration to shareholders rising to $16.00 from $13.10.
Joe Aho joins Majesco with over twenty years of experience at Compuware, where he most recently served as CFO.
A.J. Rohde, Partner, Thoma Bravo.
Matt LoSardo, VP, Thoma Bravo.
Holden Spaht, Managing Partner, Thoma Bravo.
Larry Berran has been named CEO of iPipeline following the all-cash transaction valued at $1.625 billion.