Majesco (formerly MajescoMastek) is bulking up fast. On December 12 it acquired Agile Technology’s business; and on December 14 it announced a merger with Cover-All. The resulting entity will have revenue greater than $100 million; and more than 150 insurance customers globally.
Scale has always been a plus in the insurance software business. It speaks to a demonstrated ability to create and maintain insurer relationships. Technology firms with more customers have broader and deeper IP; and more resources to invest in getting better.
That said, size alone is no guarantee of success. Smarts and agility and foresight are not correlated with size.
Majesco has moved quickly to create a big player with impressive resources. Now comes the harder, but necessary, work of integration, vision, and creating value for current and future customers.
from Celent Insurance Blog http://ift.tt/1zfBa1n
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