Majesco to Announce Three-Year Strategic Plan at May 8th Investor Day at Nasdaq

Majesco (NASDAQ:MJCO), a global leader of cloud insurance software
solutions for insurance business transformation, will host its annual
Investor Day at the Nasdaq MarketSite in Times Square, New York from
1:00 to 5:30 pm, with a cocktail reception immediately following.

Over the course of the event, Majesco’s senior leadership team will lay
out the company’s growth strategy and articulate the market
opportunities for the Majesco brand. They will highlight Majesco’s
vision for the future of insurance, emphasizing the company’s
next-generation capabilities, unparalleled domain expertise, industry
leadership and strategic partnerships, all focused on helping insurers
meet the demands of tomorrow, now. In addition to leadership
presentations, the event will include demo stations and a
customer/partner panel.

In mid-April, CEO Adam Elster launched the new face and future of
Majesco at Convergence 2019, the company’s sold-out customer conference,
where he emphasized the company’s promise and focus on helping insurers
build the next generation of their businesses and the industry at speed
and scale. He also highlighted Majesco’s commitment to connect insurers
with the products, insights and best practices they need to execute
their digital transformation strategies, noting both the company’s rich
history and the cutting-edge innovation and value they’re bringing to
the insurance industry.

“I am excited to introduce our expanded leadership team and three-year
strategic plan at our Investor Day on May 8^th,” said
Majesco’s CEO Adam Elster. “There has been a lot of activity across our
organization in recent months. We just launched a new marketing
campaign, announced new strategic partnerships, and unveiled exciting
upgrades to our product offerings. Our cloud-based strategy is
resonating in the market. I look forward to outlining our vision for the
future, and sharing our product roadmaps, financial progress and
customer insights with investors next month.”

“We are very pleased to welcome Majesco to Nasdaq’s family of innovative
growth companies,” said Nelson Griggs, President of the Nasdaq Stock
Exchange. “A Nasdaq listing will provide Majesco with improved
liquidity, increased visibility and greater exposure to the
institutional community. We look forward to our partnership with Majesco
as the company achieves its milestones in the years to come.”

Participants must be preregistered to attend the event. To register
please email investorday2019@majesco.com.

Details of the Investor Day include:

About Majesco

Majesco (NASDAQ:MJCO) provides technology, expertise, and leadership
that helps insurers modernize, innovate and connect to build the future
of their business – and the future of insurance – at speed and scale.
Our platforms connect people and businesses to insurance in ways that
are innovative, hyper-relevant, compelling and personal. Over 190
insurance companies worldwide in P&C, L&A and Group Benefits are
transforming their businesses by modernizing, optimizing or creating new
business models with Majesco. Our market-leading solutions include
CloudInsurer™ P&C Core Suite (Policy, Billing, Claims); CloudInsurer™
L&A and Group Core Suite (Policy, Billing, Claims); Digital1st
Insurance™ with Digital1st eConnect™, Digital1st EcoExchange™ and
Digital1st Platform™ – a cloud-native, microservices and open API
platform; Distribution Management, Data and Analytics and an Enterprise
Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act. These forward-looking statements are made on the
basis of the current beliefs, expectations and assumptions of
management, are not guarantees of performance and are subject to
significant risks and uncertainty. These forward-looking statements
should, therefore, be considered in light of various important factors,
including those set forth in Majesco’s reports that it files from time
to time with the Securities and Exchange Commission and which you should
review, including those statements under “Item 1A – Risk Factors” in
Majesco’s Annual Report on Form 10-K.

Important factors that could cause actual results to differ materially
from those described in forward-looking statements contained in this
press release include, but are not limited to: integration risks;
changes in economic conditions, political conditions, trade protection
measures, licensing requirements and tax matters; technology development
risks; intellectual property rights risks; competition risks; additional
scrutiny and increased expenses as a result of being a public company;
the financial condition, financing requirements, prospects and cash flow
of Majesco; loss of strategic relationships; changes in laws or
regulations affecting the insurance industry in particular; restrictions
on immigration; the ability and cost of retaining and recruiting key
personnel; the ability to attract new clients and retain them and the
risk of loss of large customers; continued compliance with evolving
laws; customer data and cybersecurity risk; and Majesco’s ability to
raise capital to fund future growth.

These forward-looking statements should not be relied upon as
predictions of future events and Majesco cannot assure you that the
events or circumstances discussed or reflected in these statements will
be achieved or will occur. If such forward-looking statements prove to
be inaccurate, the inaccuracy may be material. You should not regard
these statements as a representation or warranty by Majesco or any other
person that we will achieve our objectives and plans in any specified
timeframe, or at all. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of
this presentation. Majesco disclaims any obligation to publicly update
or release any revisions to these forward-looking statements, whether as
a result of new information, future events or otherwise, after the date
of this press release or to reflect the occurrence of unanticipated
events, except as required by law.

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