FirstBest and MajescoMastek Announce Business Alliance to Improve Underwriting Operations for P&C Insurers

FirstBest and MajescoMastek Announce Business Alliance to Improve Underwriting
Operations for P&C Insurers

BEDFORD, Mass. and NEW YORK, Oct. 8 /PRNewswire/ -- MajescoMastek, the U.S.
subsidiary of global technology solutions provider, Mastek (NSE: MASTEK), and
FirstBest® Systems, Inc., provider of insurance software solutions that help
Property & Casualty insurance carriers write more business and write better
business, today announced a business alliance. The strategic partnership will
enable insurers to improve underwriting operations and ease of doing business
with their agents and brokers.

The alliance fuses MajescoMastek's STG Suite, including the best-of- breed STG
Billing Solution, with FirstBest UMS(TM), a next-generation underwriting
workstation combined with a business analyst workstation and a web 2.0 agent
portal. The combined offering will help insurance carriers with many
challenges of today's market by improving agent and underwriter efficiencies,
go-to market strategies and growing the size and quality of their book of
business.

"As an innovation and transformation partner for insurance companies, we help
our customers reach their business goals by strategically leveraging
technology to improve mission-critical and core processes," said Anil Chitale,
senior vice president of the property and casualty division for MajescoMastek.
"By aligning our solutions with FirstBest, we can now closely integrate and
deliver best-in-class operational components for our customers, by offering
them the ability to improve overall core operations and gain a strategic
advantage."

"We are excited about our strategic technology partnership with
MajescoMastek," stated John Belizaire, CEO, FirstBest. "The combined
solutions will help insurers go to market faster, enter new markets, improve
underwriting operations, and enable visibility into the book of business for
agents and underwriters."

The new alliance illustrates MajescoMastek's commitment to building strong
partnerships and collaborating with both its customers and strategic partners
to ensure they achieve their goals.

"Partnerships and collaborative efforts are the future for our industry," Anil
Chitale said. "They are producing the innovative products and real ingenuity
that add greater value for our customers."

About MajescoMastek

MajescoMastek, is a global provider of innovative technology solutions focused
on Life & Annuity carriers, Property & Casualty carriers and Capital Market
firms. For more than 27 years, we have combined our leading products,
people, and processes to drive business impact and competitive advantage.
MajescoMastek is part of the Mastek Group, with over $200 million in revenues.
MajescoMastek enables technology enabled business transformation and has a
track record of successful implementations.

MajescoMastek uniquely combines its wide intellectual property base, domain
expertise, mission-critical program management abilities and complex solutions
capabilities to help insurance carriers unlock business value. MajescoMastek
delivers proven solutions in core insurance areas including Incentive
compensation, producer lifecycle management, billing, policy administration,
new business processing and claims. The company has employee strength of more
than 3500 people and operations across U.S., Canada, U.K., Mainland Europe,
Asia-Pacific and the Middle East.

For more information, please visit us on the Web at www.majescomastek.com, or
call 1-800-249-9540

About FirstBest

FirstBest® Systems, Inc. delivers P&C solutions that help insurance companies
write more business and write better business. Our solutions enable
Carrier-Agent collaboration as well as underwriting efficiencies and market
growth, and include an Underwriting Workstation, Agent Portal and Agency
Connectivity. Our flagship product, the FirstBest UMS(TM), combines a
next-generation underwriting workstation with a business analyst workstation
and FirstBest Agent(TM), a web 2.0 agent portal.
Companies such as AMERISAFE, Inc., a specialty writer of workers' compensation
insurance for hazardous industries, as well as ICW Group Insurance Companies,
a multi-line Super Regional Insurance Carrier, are leveraging FirstBest to
expand their book of business and improve ease-of-doing business with agents.

For more information, visit www.firstbest.com or call 1.888.863.6095.

FirstBest is a registered trademark of FirstBest Systems, Inc. UMS,
Underwriting Management System and FirstBest Agent are trademarks of FirstBest
Systems, Inc. Majesco-Mastek is a trademark of MASTEK, Inc. All other
trademarks are property of their respective owners.

SOURCE FirstBest Systems, Inc.

Meira Primes, VP, Marketing of FirstBest Systems, Inc., +1-781-863-6005,
mprimes@firstbest.com; or Ashish Jha, Marketing Manager of MajescoMastek,
+1-646-731-1046, ashishmj@majescomastek.com