Israeli software maker Sapiens seeks buyers for potential sale. | InsurBrief

TLDR:

Israeli insurance software maker Sapiens, with a market value of nearly $2 billion, is exploring a potential sale. They are working with investment bank William Blair to gauge interest from potential buyers, including private equity firms.

Key Elements:

Sapiens, an Israeli insurance software firm with a market value of $2 billion, is exploring a potential sale
They are working with investment bank William Blair to gauge interest from potential buyers, including private equity firms
Sapiens has over 5000 employees and operations in over 30 countries, serving a customer base of more than 600 insurers
No deal is certain at this stage, and both Sapiens and William Blair have not responded to requests for comment

Sapiens initially considered a sale last summer but put plans on hold due to the conflict between Israel and Hamas. They have now revived their efforts to sell the company. Sapiens’ shares rose 13% on the news in New York. The potential sale of Sapiens is part of a recent trend in the technology industry where private equity firms are showing interest in acquisition deals.

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