Majesco’s industry recognized AI Leadership and growing customer base accelerate the shift to a new era of intelligent insurance operations

Majesco, the insurance industry’s foremost innovator in cloud-native, AI-native software, today announced exceptional fiscal year 2025 results, marked by strong financial performance, rapid customer adoption, new customers, record go-lives, accelerated innovation and prominent market leadership that reinforces Majesco’s position as the AI Leader and most profitable and scalable InsurTech in the world.

Majesco is off to a fast start for 2026. First, as of January 2026, Majesco customers now process over $100B in DWP on Majesco core platforms, reflecting exceptional growth as compared to $36B in 2024, demonstrating the accelerating shift toward AI and cloud-native core insurance platforms. Second, the acquisition of Vitech strengthens our leadership momentum in the L&AH segment and creates a new segment of growth in the Pension & Retirement and Pension Risk Transfer markets.

“FY25 was a defining year for Majesco, not only in terms of financial performance, but in how decisively we advanced the industry into the Intelligent Era of Insurance,” said Adam Elster, CEO at Majesco. “With Cloud-and AI-native platforms, GenAI and Agentic AI capabilities, rapid upgrades, and enterprise-scale delivery, we are uniquely positioned to help our customers not just keep pace with change but thrive in it. Our intelligent solutions are the catalyst for business transformation and optimization in an industry that demands continuous innovation, and our momentum and market leadership empowers our customers to keep setting the standard for what’s next in the market.”

Majesco’s momentum translated into measurable outcomes across financial performance, customer growth, AI and technology adoption, and market leadership, demonstrating how Majesco is converting innovation into real-world business value and impact for customers.

Financial Highlights:

• Tremendous 2025 revenue growth including:
  • $300M+ in revenue
  • $100M+ EBITDA
  • 31% non-renewal bookings growth
  • 55% YoY AI & Data revenue growth
• Over 107% customer net retention

Customer Highlights:

• 95% of customers are now on Majesco cloud
• 23 customers transitioned to Majesco Intelligent Core, advancing toward AI-native operating models
• Eleven new customers selecting multiple products, across every product line, leveraging Majesco’s AI capabilities
• Customer expansion with 25 new cross-sells
• 176 customer go-lives, underscoring the company’s ability to deliver enterprise transformation at scale
• 80% of our customers are on current GA product versions, reflecting faster upgrades, embedded AI capabilities, innovation adoption, and platform value
• Launched the Unified Support Model, providing customers with a single, integrated experience across products, services, and operations that strengthened long-term partnerships and accelerated business outcomes

Majesco continues to support its customers in leading business transformation and modernization across the industry, driving rapid adoption of Cloud- and AI-native platforms that deliver measurable, real business value through continuous innovation. FY25 marked a major leap forward in Majesco’s AI strategy, moving beyond automation to Agentic AI and intelligence-driven operations.

Key product innovations include:

• Launched two major product releases in Spring and Fall Majesco with extensive AI capabilities that expanded beyond Copilot AI-driven capabilities like summarization and transactional support, to include comprehensive workflows, optimized transactions, and product configuration assistance
• Launch of 13 AI Agents across P&C and L&AH, enabling intelligent underwriting, policy, billing, claims, servicing, loss control, and distribution workflows
• Introduction of Immersive Insights with Analytics Anywhere
• Delivered new and enhanced cross-suite capabilities that unify data, workflows, and experiences across the insurance value chain for P&C and L&AH
• Introduced Majesco DocScribe with purpose-built AI models trained to ingest and interpret large, complex insurance documents for P&C and L&AH
• Expanded insurance templates for both P&C and L&AH
• Introduced Fast upgrade in 10 days or less for both P&C and L&AH Intelligent Core, enabling rapid innovation adoption with lower risk and faster time to value
• Telemetry + analytics everywhere for proactive insights, better quality, and reduced risk
• Refreshed UX & integrations that modernize workflows and improve productivity
• Hundreds of functional and technical enhancements

Industry and Analyst Recognition

Majesco’s innovation and market impact were highlighted through multiple industry and analyst recognitions in 2025 including:

• Named Most Valuable Pioneer in AI Maturity and #1 for L&AH and P&C Intelligent Core Platforms by Quadrant Knowledge Solutions
• Named a Leader in 2025 Gartner Magic Quadrant for SaaS P&C Insurance Core Platforms
• Majesco P&C Intelligent Policy named Luminary in Celent PAS Vendors: North American P&C Insurance, 2025 Edition Report and won two XCelent Awards for Advanced technology and Breadth of Functionality.
• Majesco P&C Intelligent Billing was recognized as a Dominant Provider by Datos-Insights in the Property/Casualty Billing Systems Market Navigator report
• Majesco ClaimVantage Enterprise Claims was recognized as a Dominant Provider and Majesco L&AH Intelligent Claims was named a Contender by Datos-Insights in the Market Navigator: Life/Annuity/Benefits Claims Systems report
• Majesco L&AH Intelligent Policy was recognized as a Dominant Provider in the Life/Annuity/Benefits Policy Administration Systems: Market Navigator by Datos-Insights
• Majesco P&C Intelligent Policy was recognized as a Dominant Provider in the
• Property/Casualty Policy Administration Systems by Datos Insights
• Named Best InsurTech Team of 2025 by the Global InsurTech Awards
• Earns top spot on AIFinTech 100 List of Top AI Innovators
• Earned repeat recognition in InsurTech 100 for Pioneering an Embedded Core
• Named to IDC FinTech Top 100 for Third Year

Vitech Acquisition

In November 2025 Majesco announced the acquisition of Vitech which closed in January 2026, strengthening its market leadership in the L&AH segment and expanding into the Pension & Retirement and Pension Risk Transfer markets. Post-acquisition, Majesco is now a $500M revenue company that serves 375+ customers globally including 275+ P&C insurers, 100+ L&AH and Pension & Retirement providers. It is now the only core platform provider spanning P&C, L&AH, and Pension & Retirement on AI-native, cloud-native architecture.

“Majesco is setting the standard for what a modern InsurTech platform should look like, combining profitability, scale, and AI-driven innovation,” said A.J. Rohde, Senior Partner at Thoma Bravo.

With strong momentum, expanding customer adoption, and a differentiated AI-native architecture, Majesco is positioned to accelerate growth and deliver long-term value for insurers and the broader market.”

Backed by strong financial performance, accelerated innovation, AI leadership, and expanding market presence and growing customer success, Majesco enters 2026 with unmatched momentum and a clear mandate to lead the next phase of the insurance industry transformation. With its AI-native, cloud-native platform, Majesco is enabling customers to turn constant change into sustained competitive advantage.

About Majesco

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. As leaders in intelligent SaaS solutions, 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. Everything we build is designed to strip away complexity and let our clients focus on what matters: delivering exceptional products, experiences, and outcomes.

In a world where change is constant, our native-cloud SaaS platform empowers insurers the agility to adapt to market and risk shifts quickly, reshape their operational cost structure, accelerate innovation readiness, and rethink how insurance can be done with the intelligence to stay ahead. With 1000+ implementations, we are the AI insurance leader that over 350 insurers, reinsurers, MGAs rely on to rethink how insurance can be done in today’s modern era of insurance. Break free from the past and build the future of insurance at www.majesco.com.

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