Mastek Ltd.

BSE: 523704 | NSE: MASTEK
Small Cap | IT - Software
2100.00
56.45 (2.76%)
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Mastek’s North American arm plans further acquisitions

Date: 02-01-2015

Mastek’s North American subsidiary -- MajescoMastek -- is planning further acquisitions following its listing on the New York Stock Exchange through its buyout of Cover-All Technologies.

The company had earlier this month agreed to buy US-listed Cover-All Technologies in an all-stock deal. In September, Mastek had announced that it would merge its insurance business into Majesco. Mastek also acquired the insurance business of Agile Technologies.

Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.