{"id":64395,"date":"2021-06-16T10:15:05","date_gmt":"2021-06-16T14:15:05","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&p=64395"},"modified":"2021-06-16T10:15:46","modified_gmt":"2021-06-16T14:15:46","slug":"majesco-completes-acquisition-of-utilant-llc","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=majesco-completes-acquisition-of-utilant-llc","title":{"rendered":"Majesco Completes Acquisition of Utilant LLC"},"content":{"rendered":"

Acquisition accelerates business innovation and enhances customer experience with new data and analytics business unit \u00a0<\/em><\/p>\n

 <\/p>\n

Morristown, NJ \u2013 June 16th<\/sup>, 2021\u00a0 \u2013 <\/strong>Majesco, a global leader of cloud insurance software solutions platforms, today announced that it completed the acquisition of Utilant LLC, a U.S. based InsurTech company providing the industry leading survey management SaaS product suite for Loss Control and Premium Audit surveys and artificial intelligence (AI)\/machine learning (ML) data and analytics.<\/p>\n

Utilant\u2019s cutting-edge SaaS solutions, contributory database and AI\/ML models deliver the necessary next-generation technology that can address critical insurance trends and help keep pace in today\u2019s digital race. This acquisition expands Majesco\u2019s extensive product portfolio and adds over 87 customers in the P&C market segment, including global insurance carriers and top risk engineering companies.<\/p>\n

With this addition, Majesco launches an innovative Data and Analytics business unit combining Utilant technology with Majesco\u2019s existing, market-leading data and analytics solution. Utilant Founder and CEO, Patrick Davis joins the Majesco Senior Leadership Team and will lead this new business. The new offering advances Majesco\u2019s digital capabilities, drives operational value for insurers and ultimately improves customer experience with proactive risk management.<\/p>\n

\u201cThe recent pandemic has accelerated the timeline for insurers to adopt critical technologies like AI\/ML, digital core platforms and data and analytics,\u201d says Adam Elster, CEO of Majesco. \u201cWe\u2019re pleased to offer our customers advanced, embedded data and analytics capabilities and next-generation insurance SaaS products that can provide them with a key competitive edge, improve underwriting profitability and accelerate their digital transformation journey.\u201d<\/p>\n

For more information on the acquisition<\/a> and Majesco solutions, please visit Majesco.com.<\/p>\n

Raymond James & Associates acted as financial advisor to Utilant. Nomura Securities International, Inc. acted as financial advisor to Majesco, and Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor to Majesco.<\/p>\n

 <\/p>\n

About Majesco<\/strong><\/p>\n

Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale.\u00a0 Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers use Majesco\u2019s next generation SaaS platform solutions of core, data and analytics, digital, distribution, absence management and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance.<\/p>\n

Our technology, expertise and leadership help insurers innovate and connect to build the future of their business.\u00a0 With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together we have an amazing track record of innovation and real-world results.\u00a0 For more details on Majesco, please visit\u00a0www.majesco.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Acquisition accelerates business innovation and enhances customer experience with new data and analytics business unit \u00a0   Morristown, NJ \u2013 June 16th, 2021\u00a0 \u2013 Majesco, a global leader of cloud insurance software solutions platforms, today announced that it completed the acquisition of Utilant LLC, a U.S. based InsurTech company providing the industry leading survey management…<\/p>\n

View Full Resource <\/a><\/div>\n","protected":false},"featured_media":0,"template":"","solution":[],"customers":[],"partners":[],"solution-categories":[],"class_list":["post-64395","press","type-press","status-publish","hentry"],"acf":[],"yoast_head":"\nMajesco Completes Acquisition of Utilant LLC<\/title>\n<meta name=\"description\" content=\"Acquisition accelerates business innovation and enhances customer experience with new data and analytics business unit \u00a0   Morristown, NJ \u2013 June\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majesco Completes Acquisition of Utilant LLC\" \/>\n<meta property=\"og:description\" content=\"Acquisition accelerates business innovation and enhances customer experience with new data and analytics business unit \u00a0   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