AdvantageGo Acquired by Sapiens for £43m in Strategic Expansion

Sapiens International Corporation, a key player in providing software solutions for the insurance industry, has solidified its strategy to penetrate the London Specialty Market by acquiring AdvantageGo, a commercial re/insurance software provider, in a cash deal valued at £43 million. This strategic acquisition, set to close in the coming weeks, is intended to enhance Sapiens' global property and casualty (P&C) proposition along with strengthening its foothold in the reinsurance market. AdvantageGo's cutting-edge underwriting workbench technology will be integrated into Sapiens' P&C Insurance Platform and offered as a standalone solution to facilitate more effective risk assessment and management. The acquisition is projected to become financially accretive by 2027, following expected growth from Sapiens' capabilities in the complex specialty and commercial insurance lines in North America. Coforge received financial advisory from BDA Partners and William Blair, while legal advisors included JSA for Coforge and Meitar for Sapiens. The transaction is in alignment with Sapiens’ growth strategy of targeted acquisitions to expand its solution portfolio and global footprint.