Majesco Appoints New CFO

Joe Aho joins Majesco with over twenty years of experience at Compuware, where he most recently served as CFO.

(Image credit: Michael Gaida.)

Majesco (Morristown, N.J.), a global provider of cloud insurance platform software for insurance business transformation, has announced the appointment of Joe Aho as Chief Financial Officer effective October 26th, 2020.

Joe Aho, CFO, Majesco.

Aho joins Majesco with over twenty years of experience at Compuware, where he most recently served as CFO. A Majesco statement describes him as a seasoned finance expert who brings extensive experience and a proven track record in driving growth for enterprise software companies. Aho holds an MBA from Wayne State University and a BA in Economics from The University of Michigan Dearborn.

As CFO, Aho will report directly to CEO Adam Elster, and will lead Majesco’s global finance and operations organizations. His task will be to help solidify the company’s ability to capitalize on the growing demand for software solutions that deliver digital transformation at speed and scale, according to the Majesco statement.

Immediate Impact

“I couldn’t be more thrilled to welcome Joe to Majesco where he will undoubtedly make an immediate impact as we begin our new journey as a Thoma Bravo company,” comments Elster. “I’m particularly excited about Joe’s experience working with Thoma Bravo and his proven track record in the software space. With Joe’s appointment, we have a strong management team in place to continue the execution of our strategy to help insurers take on the future of insurance.”

Adam Elster, CEO, Majesco.

During his time at Compuware, Aho held several positions in the Sales Operations and Finance areas. Prior to being named CFO of Compuware, he was a VP of Finance in charge of strategic planning and analysis. In 2014, he played an integral role in the sale of Compuware to Thoma Bravo.

“I can’t imagine a more exciting time to join Majesco,” says Aho. “With the recent acquisition by Thoma Bravo and continued investment in today’s cutting-edge cloud platform solutions, Majesco is primed to lead the transformation of the insurance industry.  Led by great owners, leading products, and a seasoned management team, it is up to us to exceed the needs of our customers.  I look forward to this challenge and opportunity.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at or (503) 936-2803.

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