Sapiens enters deal to acquire insurtech company AdvantageGo
Summary
Sapiens International Corporation, an Israel-headquartered insurtech company, has agreed to acquire AdvantageGo, a commercial insurance software provider. The acquisition, valued at $61.73m (NIS223.24m), is set to strengthen Sapiens’ proposition in the global property and casualty (P&C) insurance market, particularly in underwriting workbench solutions. The acquisition of AdvantageGo aligns with our mission, and expands our portfolio with complementary solutions, extends our global footprint and deepens our talent pool. AdvantageGo global business leader Ian Summers said: “Joining Sapiens means becoming part of a leading global product organisation that will amplify our capabilities and enhance our solutions, creating greater opportunities for our clients and team. We look forward to integrating our products into Sapiens Insurance Platform to deliver a seamless and powerful offering for the European and North American markets.” Recently, Sapiens also signed an agreement to acquire Candela, an intelligent automation service provider to insurance operators in APAC.
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