Majesco Completes Acquisition of Utilant LLC

MORRISTOWN, N.J.--(BUSINESS WIRE)--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. Utilant's 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's digital race. This acquisition expands Majesco's extensive product portfolio and adds over 87 customers in the P&C market segment, including global insurance carriers and top risk engineering companies. With this addition, Majesco launches an innovative Data and Analytics business unit combining Utilant technology with Majesco's 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.