Biznext India : Leading cloud insurance company Majesco (NYSE AMERICAN: MJCO), has acquired Exaxe, an EMEA based cloud software leader in the life, pensions and wealth management segment. Headquartered in Dublin, Ireland Exaxe serves a growing list of top European insurers. This acquisition will strengthen and expand Majesco’s software offerings in EMEA for the individual life, pensions and wealth management market while complementing Majesco’s software and Group focused customer base in the UK.
Exaxe is an award‐winning SaaS provider of software solutions that helps life and pensions companies with digital transformation by allowing them to launch new products faster, administer products more efficiently and respond with greater flexibility to the marketplace. They provide leading edge front, middle, and back‐office SaaS solutions specifically for life, pensions, and wealth sectors. Exaxe’s SaaSbased solutions provide full lifecycle support, from automated advice through sales, administration and claims for life, pensions and wealth management product sets. Exaxe SaaS solutions allow its clients toavoid large upfront license fees, to pay per usage and work anywhere, anytime. Exaxe solutions are supporting insurance customer policies in the UK, Ireland and other European countries. The company has won a number of awards for innovation and technology in the last 3 years.
“We are delighted to welcome Exaxe founders Norman and Philip along with the amazing talent they bring to our global Majesco team. Together, we’ll focus on bringing continuous innovation to our customers, helping them take advantage of the market opportunities in insurance with cloud and digital transformation,” said Adam Elster, CEO of Majesco. “Exaxe has accelerated the delivery of cutting‐edge cloud technology to their clients and we are excited to introduce this to the already growing group of Majesco customers and prospects across Europe.”