AmeriLife Acquires a Majority Stake in TAG: Annuity Deals

Integrity Marketing is not saying how much it's paying for IAS, but it says Doug Price, the president of IAS, will get a stake in Integrity Marketing.

Thoma Bravo, San Francisco, a private equity firm, has completed the acquisition of Majesco, a Morristown, New Jersey-based insurance technology company, for about $730 million. That's up from the deal price of $594 million originally announced in July.

Thoma Bravo is once owned iPipeline, a life insurance software and technology services firm. It bought iPipeline for $420 million in 2015 and sold the company to Roper Technologies, in August 2019, for $1.6 billion.

Majesco became a publicly traded company in 2015. It's now taken its stock off the Nasdaq stock exchange. It has abut 2,400 employees. Its products include CloudInsurer LifePlus Solutions and CloudInsure L&A.

IPipeline, Exton, Pennsylvania, has acquired Impact Financial Systems (IFS), a company that provides service request automation software for life insurers and other financial services companies.

Its systems can help companies with bringing new customers on board, moving assets, account maintenance, and advisor transitions.

The companies are not saying how much iPipeline is paying for IFS, but Tim Parson, the president of IFS, will go to work for iPipeline, iPipeline says.

— Read MetLife May End Up Looking More Like Aflac and Unum, on ThinkAdvisor.

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