Majesco, a provider of cloud-native and AI-native insurance technology serving the P&C and L&AH markets, has completed the acquisition of Vitech, a specialist in cloud-native pension and benefits administration solutions.
The acquisition is designed to broaden Majesco’s addressable market and reinforce its position as a category leader in next-generation core platforms, according to FF News.
While the value of the transaction has not been disclosed, the deal deepens Majesco’s capabilities beyond traditional P&C and L&AH insurance into pensions and retirement administration, enabling the group to serve a wider range of insurers, administrators, and financial services providers with a unified technology offering.
Majesco focuses on delivering intelligent, cloud-native and AI-native core platforms for insurers, supporting policy, billing, claims, and data-driven decision making. Its technology is aimed at helping carriers modernise legacy systems, reduce operational complexity, and improve speed to market while meeting evolving regulatory and customer expectations. The company has positioned AI as a central pillar of its strategy, recently announcing a significant increase in AI investment to accelerate innovation across its product roadmap.
Vitech, meanwhile, provides cloud-native administration solutions for pensions, retirement, and employee benefits. Its platforms support complex plan administration, record keeping, and compliance requirements for organisations operating in highly regulated environments. By joining Majesco, Vitech adds deep domain expertise in pension and benefits administration, complementing Majesco’s existing strengths in core insurance systems.
Beyond product expansion, the transaction signals the start of Majesco’s next growth phase, focused on scaling AI-native innovation across multiple insurance and retirement markets. The combined portfolio is intended to help customers lower expense ratios, streamline complex operations, and respond more quickly to regulatory change and shifting customer demands.
As part of the transaction, CVC Funds have completed a minority investment in Majesco. The additional capital is expected to support ongoing expansion and innovation across Majesco’s AI-native product portfolio. Advisers on the deal included Kirkland & Ellis LLP for Majesco and Thoma Bravo, White & Case LLP for CVC Capital Partners, and RBC Capital Markets as financial advisor to Vitech.
Majesco CEO Adam Elster said, “We are thrilled to officially welcome Vitech to Majesco. This is a powerful moment for our customers as we significantly expand into new markets and add capabilities and expertise to drive innovation, growth, and efficiency. We’re bringing unmatched AI-leadership and expertise across P&C, Group & Benefits, and Pension & Retirement to support our customers and the market in the new era.”
Vitech CEO James Ousley said, “This marks an important milestone for both organisations. Our combined talent and solutions portfolio create a powerful foundation to improve efficiency, extend capabilities, and prepare for a rapidly evolving market. We’re excited to join Majesco and about the unique possibilities it brings to our customer base.”
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