Majesco gains on strategic tie-up with Appulate

The company's US arm has tied-up with Appulate to offer Uplink

Shares of Majesco were up nearly 2% at Rs 683 after the company said its US arm Majesco, USA has entered into a strategic tie-up with Appulate in which Majesco will offer Uplink as an integrated component of Majesco Policy for P&C and Majesco Distribution solutions.

The partnership will offer Majesco customers best-of-breed connectivity to any agency management system, improving efficiency and quality while reducing agent data entry, the company said in a release.

In turn, Appulate will gain a distribution partner that offers market leading solutions for policy and distribution management for insurance carriers, the release added.

The stock opened at Rs 687 and touched a high of Rs 698. At 9:30am, over 86,000 shares were traded on both the stock exchanges.