Core Insights - Majesco has agreed to acquire Vitech, a specialist in cloud-native software for pension and benefits administration, to enhance its technology capabilities in the Group & Benefits and Retirement & Pension units [1] - The financial terms of the acquisition remain undisclosed [1] Group & Benefits and Retirement & Pension Units - The acquisition aims to expand Majesco's presence in the Group & Benefits and Retirement & Pension market segments [1] - After the integration, Majesco will serve over 375 customers, including more than 100 in the life and annuities and health (L&AH) segment, and over 275 in the property and casualty (P&C) segment [2] Product Offerings and Market Strategy - The combined operations will offer established L&AH-focused products and digital portals, targeting customer needs in the US, Canada, and UK [4] - The joint offering is designed to streamline operations, support faster product launches, improve productivity, and adapt to market and regulatory changes [4] Leadership and Investment Support - Vitech's CEO emphasized that the united team will provide essential talent and innovative solutions for insurers' profitable growth [3] - CVC Funds will take a minority stake in Majesco to support the growth and development of the combined business [3] CEO Statements - Majesco's CEO expressed excitement about combining technology solutions in the Group & Benefits and Retirement & Pension sectors to enhance operational efficiencies and innovation for customers [5]