Adam Elster Appointed as Majesco’s CEO

Deepthi | Myequity news | Date : 25-09-2018 19:15:00 IST

Majesco appointed Adam Elster as Chief Executive Officer, effective from October 1, 2018. Ketan Mehta, Majesco Co-Founder and current CEO, has decided to retire from the operational role after 36 years of service and will continue to serve Majesco as the Chairman of the company’s Board of Directors.

“Over the last three years, Majesco has built a strong foundation for growth. Its business momentum is accelerating and it is well positioned to be a leading provider of insurance industry platforms. I am very excited to welcome Adam who will be ideal to lead Majesco to the next level of growth.” said Ketan Mehta. “His experience in cloud, digital and business transformation, passion for servicing customers at a global scale and authentic team-player attitude make him an extraordinary fit for Majesco.” continued Mehta.

Adam has a strong background in the technology industry and most recently served as President, Global Field Operations of CA Technologies where he led high-performing teams in all aspects of sales, services, support and operations. He supported many of the world’s largest companies through their digital transformation journey, helping them become more agile, more secure and more capable of managing their business. Adam holds a Bachelor of Arts in Psychology and Master of Sciences in Management and Information Systems from New York University.

“Majesco has a compelling business with an incredible speed-to-value offering that allows customers in the insurance industry to meet the pace of demand in the market, using platform solutions as the foundation of their future business models,” said Adam. “I’m excited to join the leadership team and all the great people that have fueled the company’s growth. Majesco is well positioned to revolutionize insurance through technology and I look forward to executing our growth-oriented business plan and creating value for our shareholders.”

Dr. Arun K. Maheshwari, Chairman of the Board of Directors of Majesco stated, “Majesco has made great strides in moving the business into the cloud while achieving revenue growth and improving profitability. Bringing Adam on board will accelerate Majesco’s next chapter of growth.” Dr. Maheshwari will continue to serve as a director of Majesco after passing on the Chairman role to Ketan Mehta.

About Majesco:

Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 160 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco's solutions. Majesco's solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, RI/ analytics, predictive modeling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more.

More from Myequity