Majesco is set to buy Vitech, locking in a deal that pushes the company deeper into the Group & Benefits and Retirement & Pension markets. The move pairs Majesco’s cloud native, AI driven insurance platform with Vitech’s pension and benefits systems and creates a bigger tech footprint across P&C and L&AH.
The combined business will support more than 375 clients, including over 100 in L&AH and roughly 275 in P&C.
Majesco is backed by Thoma Bravo, while Vitech sits under CVC. As part of the deal, CVC Funds will take a minority stake in the merged business, helping fuel product development and go to market expansion.
CEO Adam Elster said the two companies bring together leading technology in benefits, retirement, and P&C. He said the combination gives carriers the tools to speed growth, tighten operations, and sharpen customer strategies without getting stuck in legacy complexity.
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 says.
Vitech CEO James Ousley said insurers face a wave of change and need tech that can lift efficiency and keep innovation moving. He said the combined team strengthens talent, market knowledge, and industry experience in ways that should push profitable growth.
“The industry is facing significant change and opportunity that requires solutions to drive operational efficiencies and innovation,” said James Ousley, CEO of Vitech. “The united team will bring the talent, extensive knowledge, market experience, and innovative solutions crucial for insurers’ profitable growth”
The merger pulls together a broad L&AH suite: Intelligent Core, IDAM, Intelligent Sales and Underwriting, V3locity Core, V3locity Campaign Management, and digital portals used across the US, Canada, and the UK.
Majesco’s AI capabilities slot into that stack to drive productivity, streamline workflows, and speed product launches.
Celent’s Tom Scales said the deal is a major positive for the market, arguing that Majesco’s AI work and Vitech’s pension and retirement base give insurers more options. He said the pairing creates a meaningful new platform for growth.
“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,” said A.J. Rohde, Senior Partner at Thoma Bravo. “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.”
The combined company plans to offer clients financial strength, AI expertise, and deeper industry support.
Several carriers already use both firms’ products to meet operational and strategic goals, and the merger gives them a single path forward.
- Thoma Bravo partner A.J. Rohde said the deal reinforces the firm’s conviction in Majesco’s direction, especially as the company steps into pensions and retirement with stronger AI muscle.
- CVC’s Aaron Dupuis said Majesco’s track record and long term strategy made the tie up the right call, adding that Vitech’s move to SaaS over recent years positions it well inside the larger platform.
As carriers grapple with rising operational costs, Majesco says its AI driven systems give insurers a way to modernise, cut friction, and lift performance across P&C and L&AH.
The P&C and L&AH insurance segments are challenged with rising operating costs and expense ratios that create pressure on profitability and market competitiveness.
Majesco enables P&C and L&AH companies to establish a new business and technology foundation to address these challenges and compete in an AI-driven world by offering next-gen intelligent technology, AI, digital tools, and innovative strategies to enhance their business, product offerings and operations.
Kirkland & Ellis advised Majesco and Thoma Bravo, White & Case advised CVC, and RBC Capital Markets served as Vitech’s financial advisor.
Majesco isn’t just riding the AI wave – we’re leading it for the P&C and L&AH insurance industry.
Born in the cloud and built with an AI-native vision, we’ve reimagined the insurance core as a platform that lets insurers move faster, see farther, and operate smarter.
We’ve embedded AI and Agentic AI throughout our robust product portfolio of core, underwriting, loss control, distribution, and digital solutions so our customers can reimagine their business with real-time business insights, optimized operations, and enhanced business outcomes”, company says.
