Anthony R. O’Donnell // May 9, 2025 
(Adam Elster, CEO, Majesco. Source: Majesco.)
Following its return to private ownership in 2020 through a $16-per-share buyout backed by Thoma Bravo (Chicago), Majesco (Morristown, N.J.) has undergone a sweeping transformation. Freed from the operational inefficiencies of dual listings and complex shareholder dynamics, the company repositioned itself for long-term growth. “It was a clean break,” says CEO Adam Elster. “Everyone was happy—and we got the freedom to do what we needed to do.”
That freedom has paid off. In the four years since going private, Majesco has more than doubled its