Majesco, a global provider of core insurance software and consulting services for insurance business transformation, announced that a tier one customer has expanded its strategic partnership with Majesco to provide additional services including development, testing and business analysis for their multi-year modernization program.

This agreement significantly expands the role of Majesco for their modernization program. The insurer is leveraging Majesco's enterprise consulting services and the business transformation framework, ADM services and the technical reference architecture, and testing services with the test automation framework and testing repository to support the strategy and modernization of their underwriting and policy platform.

''We are honored to expand our strategic relationship for this insurer as they continue their modernization journey,''commented Ganesh Pai, EVP of Consulting Services for Majesco. ''The expansion reinforces the value of our rich, integrated set of insurance-specific frameworks and assets which are designed to provide robust capabilities and expertise to deliver value and business outcomes.  We are excited to be a part of this innovative initiative and look forward to a successful long-term partnership.''

Shares of the company gained Rs 3.95, or 1.11%, to trade at Rs 362.50. The total volume of shares traded was 747 at the BSE (9.40 a.m., Thursday).