Majesco adds CFO from new sister company

Majesco, the insurance software company based in Morristown, has named a new chief financial officer, it announced this week.

Joe Aho will take over the CFO role starting Monday, after 20 years at Compuware, most recently as CFO. In his new role, he will oversee the company’s global finance and operations organizations, reporting to CEO Adam Elster.

“I couldn’t be more thrilled to welcome Joe to Majesco, where he will undoubtedly make an immediate impact as we begin our new journey as a Thoma Bravo company,” Elster said in a prepared statement. “I’m particularly excited about Joe’s experience working with Thoma Bravo and his proven track record in the software space. With Joe’s appointment, we have a strong management team in place to continue the execution of our strategy to help insurers take on the future of insurance.”

Private equity firm Thoma Bravo completed its acquisition of Majesco in September. The firm acquired Compuware in 2014.

“I can’t imagine a more exciting time to join Majesco,” Aho said in a statement. “With the recent acquisition by Thoma Bravo and continued investment in today’s cutting-edge cloud platform solutions, Majesco is primed to lead the transformation of the insurance industry.”