Majesco has agreed to acquire Vitech in a transaction that will create one of the largest and most advanced technology partners serving the Group and Benefits, as well as Retirement and Pension markets. The deal strengthens Majesco’s position as a leader in cloud-native and AI-native software across both the Property and Casualty segment and the Life and Annuity and Health segment.
After the combination, Majesco will serve more than 375 insurers, including over 100 L&AH customers and more than 275 P&C customers, giving the company a significantly expanded footprint across markets in the United States, Canada, and the United Kingdom. The combined portfolio will offer intelligent core systems, AI-enhanced tools, and digital solutions designed to help insurers improve efficiencies, accelerate product delivery, enhance customer experiences, and drive modernization.
Thoma Bravo backs Majesco, while CVC backs Vitech. As part of the acquisition, CVC Funds will make a minority investment in the combined company, reinforcing both firms’ conviction in Majesco’s growth potential and in the digital transformation underway across the insurance industry. Majesco’s expanded offering will integrate a broad range of products, including L&AH Intelligent Core, IDAM, Intelligent Sales and Underwriting, Vitech’s V3locity Core platform, digital portals, and campaign management tools. With Majesco’s established leadership in advanced AI capabilities, the combined platform is expected to help insurers create operational efficiencies, reduce expenses, accelerate innovation, and respond more rapidly to evolving customer expectations and regulatory changes.
Industry analysts note that the acquisition will bring together complementary strengths. Majesco’s expertise in AI-driven P&C and L&AH technology will join Vitech’s strong presence in the pension and retirement market. Joint customers already using solutions from both companies will have access to an expanded set of intelligent capabilities backed by the financial stability of two global investment firms. The company expects AI adoption to continue accelerating across the insurance sector, transforming product development, underwriting, distribution, and customer engagement.
Thoma Bravo highlighted Majesco’s strong growth since its initial acquisition and expressed confidence that the deal will widen Majesco’s reach into pension and retirement markets. CVC emphasized that Majesco’s track record of innovation aligns well with Vitech’s progress in transitioning its business model to SaaS. Both investors view the combined entity as positioned to support insurers facing rising costs, operational pressures, and heightened competition in an AI-driven landscape.
Support: Kirkland & Ellis advised Majesco and Thoma Bravo, while White & Case advised CVC, and RBC Capital Markets acted as financial advisor to Vitech.
KEY QUOTES:
“We’re thrilled to bring together the pre-eminent technology solutions in the Group & Benefits and Retirement & Pension sectors, which will help the L&AH segment, and our customers fast-track their growth, operational efficiencies, innovation, and customer excellence strategies. Together with our P&C intelligent solutions, we will strengthen our offering of cutting-edge, intelligent, and market-leading solutions that redefine businesses for a new era of insurance.”
Adam Elster, CEO of Majesco
“The industry is facing significant change and opportunity that requires solutions to drive operational efficiencies and innovation. The united team will bring the talent, extensive knowledge, market experience, and innovative solutions crucial for insurers’ profitable growth. We are thrilled for our joint customer base and the opportunities ahead for the broader market.”
James Ousley, CEO of Vitech
“This is a big, positive step for the industry. It will offer the industry a powerful combination built on their strengths. Majesco delivers advancements in AI while Vitech brings an entirely new customer base from the pension & retirement space to the table. The market should benefit from this.”
Tom Scales, Principal Analyst, Celent
“Majesco has delivered such terrific innovation, market leadership, and exceptional growth since our acquisition, and has really been a driving force pushing the insurance core systems market forward. This investment doubles down our belief and commitment to the Majesco business and the insurance industry, expanding into the pension & retirement market and leveraging its AI market leadership to drive customer growth and success.”
A.J. Rohde, Senior Partner at Thoma Bravo
“We are thrilled about Vitech’s acquisition by Majesco, a company recognized for its strategic vision, execution capabilities, and sustained innovation, all of which will greatly benefit Vitech’s customers and solutions. We are proud of Vitech’s progress over recent years in transitioning to a SaaS model. Our investment in the combined company signifies a strong confidence in Majesco’s potential and the business value of the combined entity to the insurance industry.”
Aaron Dupuis, Managing Partner at CVC
