Israeli software maker Sapiens seeks buyers for potential sale.

April 15, 2024
1 min read

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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