MajescoMastek Names Chief Technology Officer

(PRLEAP.COM) Edison, NJ — Sept. 11, 2007— MajescoMastek, an enterprise solutions provider with a focus on insurance and financial industry clients, today announced that Rajmohan Neervannan has been named Chief Technology Officer. Neervannan reports to William S. McCarter, president of MajescoMastek, a wholly-owned U.S. subsidiary of Mastek , a $184 million publicly traded India-based software solutions and outsourcing service provider. Prior to his appointment, Neervannan was vice president and CTO at ePolicy Solutions, where he guided the company’s product-based services turnaround strategy, until its acquisition by Choicepoint in June 2006. At Choicepoint, he continued in that role, leading ePolicy’s integration with the parent company.

“Raj Neervannan brings significant senior management depth to technology, operations and strategy,” said McCarter. “His experience in leading people and organizations will be immensely valuable and timely in managing MajescoMastek’s growth strategy.”

“MajescoMastek’s commitment to investing in technologies to provide cost effective and creative solutions that enable companies to run their businesses more effectively will enable us to continue our global growth,” Neervannan said. “I look forward to utilizing my operations and technology expertise, and working with the leadership team to further this strategy.”

Neervannan brings significant technology and operational strength to MajescoMastek. He has held senior executive management positions and consulted as technical advisor for subsidiaries of large Fortune 100 and Fortune 500 companies, including H&R Block’s Option One, and Florida Power and Light. Neervannan was the founder and president of Framesoft, LLC and chief architect at Expeditrix, a start-up he helped grow and get acquired.

Neervannan holds master’s degrees in operations research and computer science from Bowling Green State University; and a master’s in mathematics and a bachelor’s in computer science from the prestigious Birla Institute of Technology and Science, Pilani, India. He is also completing his MBA in finance at The Wharton School of the University of Pennsylvania.

About MajescoMastek

MajescoMastek is the U.S. subsidiary of Mastek, a $184 million (FY 2007) publicly held, leading IT player providing enterprise solutions to insurance, government, and financial services organizations worldwide. With its principal offshore delivery facility based at Mumbai, India, Mastek operates across the U.S., Europe, Japan and Asia Pacific regions. Incorporated in 1982, Mastek has been at the forefront of technology which, along with proven methodologies and processes, increases IT value generation to its customers through onsite and offshore deliveries. The company has over 5,000 person years of global insurance industry experience and offers Elixir™, a SOA-based enterprise platform for life and annuity carriers. Elixir’s key components include incentive compensation management, new business and underwriting, policy administration and claims management. http://www.majescomastek.com

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