MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that it earned the #63 spot on The Power 500 Software Companies for 2023. The Software Report, a comprehensive market research firm, publishes articles every year highlighting the software industry’s best companies and most accomplished executives based on its own extensive research. This year the company announced the top 500 most influential companies that are most relevant to how businesses and individuals work, play, and interact with the rest of the world. Majesco’s top level recognition is alongside some of the software industries leading brands and companies, reflecting Majesco’s market leading presence in insurance software.
This dynamic list represents a broad array of market leading cloud software companies that serve either multiple or specific industries in categories including business processing, human capital management, marketing, collaboration and development, data management and analytics, cybersecurity, and customer management. The recognition and ranking were based on product excellence, organizational strength, company growth, investor backing, and management team caliber.
“We’re excited to be recognized as one of the most influential and top software companies for 2023,” says Adam Elster, CEO at Majesco. “As the insurance industry continues to evolve and companies look to digitally transform, we remain committed to investing in next gen SaaS technology, innovative products and new partnerships that allow us to meet the strategic and operational needs and goals of our customers. We are proud of the success our customers achieved in 2022 and are eager to continue to push boundaries and drive transformational change in the insurance software industry.”
Majesco is a rule of 40+ SaaS company with 350 customers and over 900 successful implementations. Recognized by industry analysts, Majesco’s SaaS platform solutions of core, underwriting, data, and analytics, digital, loss control, distribution management, and rich ecosystem of partners to drive innovation and operational excellence with the necessary capabilities to take on todays and tomorrow’s market and customer demands.
Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what’s important now. Over 350 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data and analytics, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we do not believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.