PriyaPatel
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.
