Israel’s Sapiens to be bought by US firm Advent for $2.5 billion

Israel’s Sapiens to be bought by US firm Advent for $2.5 billion

The Holon-based company develops AI software applications to help insurance firms cut costs.The post Israel’s Sapiens to be bought by US firm Advent for $2.5 billion appeared first on JNS.org.

Private equity firm Advent to acquire Sapiens for $2.5B

Sapiens International Corp. announced Aug. 13 it entered into a definitive agreement for private equity investor Advent to acquire it for approximately $2.5 billion. Sapiens is a global leader in intelligent SaaS-based software solutions. The Israel-headquartered insurance software firm has its U.S. corporate offices in Rochelle Park. The company serves over 600 customers in more than 30 countries.  “This transaction marks a significant mileston…