Advent, a global private equity investor, has agreed to acquire Sapiens, a leading provider of intelligent SaaS-based software solutions for the insurance industry, in an all-cash deal valued at approximately $2.5bn.
The acquisition aims to accelerate Sapiens’ innovation roadmap, expand its global reach, and enhance its ability to deliver digital transformation in the InsurTech sector. Advent will pay $43.50 per share for Sapiens, while existing shareholder Formula Systems (1985) Ltd. will retain a minority stake.
Sapiens develops SaaS, digital, and AI-driven software solutions tailored for the insurance industry, including life, pension & annuities, and property & casualty markets. The company serves insurance carriers globally, helping them modernise operations, enhance customer experiences, and support end-to-end transformation.
Advent is a global private equity firm with deep operational expertise, investing across multiple sectors including technology, financial services, and healthcare. Its portfolio companies benefit from strategic guidance, operational resources, and global reach to help accelerate growth and market leadership.
Formula Systems, a long-term shareholder in Sapiens, will continue to participate in the company’s future growth, partnering with Advent to advance AI adoption and SaaS capabilities within the insurance market.
Sapiens CEO Roni Al-Dor said, “This transaction marks a significant milestone in Sapiens’ journey, reinforces the success of our strategy, our commitment to delivering exceptional value to our customers, and the strength of our global team. Following a deliberate process, the Board of Directors approved this transaction, which delivers an excellent outcome for Sapiens’ shareholders, providing them a substantial cash value at an attractive premium. We are excited to enter the next chapter for Sapiens in partnership with Advent to continue supporting insurance carriers with their entire transformation journey, delivering the product innovation and service excellence they expect from us. Sapiens remains fully committed to being a global leader in SaaS, digital, and AI-driven insurance software solutions across Life, Pension & Annuities and P&C markets.”
Advent director Douglas Hallstrom said, “We are delighted to partner with Sapiens to support its next phase of innovation. Insurers are increasingly turning to technology to help unlock growth and profitability, drive innovation and improve business resilience – with Sapiens a critical partner in enabling this for market leading insurers globally. We will work with the company to accelerate investment into technology innovation, AI, and customer centricity. This transaction comes at a critical time of market change, and we believe Sapiens will more effectively be able to navigate this in a private setting.”
Formula CEO Guy Bernstein said, “Formula will continue to retain ownership in Sapiens and is excited to partner with Advent to accelerate the transition to AI and SaaS, delivering the next generation of insurance solutions for our customers. This partnership builds on Formula’s longstanding commitment to innovation while bringing in Advent’s global expertise and resources. Customers can be assured that the trusted relationships, service quality, and industry leadership they have relied upon will remain, strengthened by a shared vision for driving the future of insurance technology.”
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