Majesco acquires Global IQX
Torys acted as counsel to Majesco with a team that included Don Bell, Carly Klinkhoff, Alisse Elliott and Alison Shamie (corporate/M&A), Tom Stevenson and Sarah Fallis (employment), Ed Fan and Michele Clarizio (IP), William Walters (privacy) and Andrew Wong (tax).
On October 3, 2022, Majesco announced the acquisition of Global IQX Inc. (“Global IQX”). Terms of the transaction were not disclosed.
With the acquisition, Majesco adds sixteen customers as well as a powerful underwriting workbench, and enrollment and artificial intelligence solutions to their market leading core and absence management solutions. The expanded portfolio delivers “tip of the spear” business transformation solutions and capabilities with multiple paths for innovation, operational effectiveness, speed to market and customer experiences from underwriting and enrollment components to full core replacement.
Further information can be found on Business Wire’s website.
Global IQX is a dominant provider of AI-driven employee benefits sales and underwriting solutions, helping insurers write more business in less time.
Majesco is a global leader of cloud insurance software solutions for insurance business transformation.