Mumbai-Based Mastek Buys Indy-Based Vector Insurance

Indianapolis-based Vector Insurance Services LLC has been acquired by MajescoMastek of Edison, N.J., for an undisclosed price, according to The Indianapolis Business Journal.

Vector, led by founder and CEO Harold Apple, has 30 employees providing policy acquisition, administration, and processing to customers in the North American life insurance industry. MajescoMastek is the U.S. subsidiary of Mastek, a technology giant headquartered in Mumbai, India.