Coforge Divests AdvantageGo to Focus on Insurance Services Core
Deal News | May 08, 2025 | BDA Partners
In a strategic move, Coforge has sold AdvantageGo, its fully owned subsidiary and specialty insurance software provider, to Sapiens International for GBP43 million. This divestment marks a significant step in Coforge's restructuring efforts to concentrate on its core insurance services business, thereby resolving potential channel conflicts with its property and casualty (P&C) partners. AdvantageGo, known for its underwriting workbench solutions and its robust presence in the Lloyds Syndicate Market, finds a new home with Sapiens which plans to leverage this acquisition to boost its London Specialty Market influence and expand its global P&C offering. The deal showcases the expertise of advisors BDA Partners and William Blair in facilitating strategic carve-outs of non-core assets, further enhancing Sapiens' value proposition in the North American market while offering a promising future for AdvantageGo's team.
Sectors
- Insurance Technology
- Mergers and Acquisitions (M&A)
Geography
- United Kingdom – AdvantageGo has a significant presence in the London market, and the transaction involves UK-based operations.
- North America – The acquisition will enhance Sapiens' capabilities in the North American market, making it a relevant geographic focus.
- Global – Both Coforge and Sapiens are companies with international operations and influence, making the transaction globally relevant.
Industry
- Insurance Technology – The article discusses the sale of AdvantageGo, a company specializing in insurance software solutions, making this a relevant classification.
- Mergers and Acquisitions (M&A) – This involves the sale of AdvantageGo from Coforge to Sapiens, a classic M&A transaction.
Financials
- GBP43 million – The base consideration paid by Sapiens to acquire AdvantageGo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Coforge | Vendor | Company | Coforge is selling its wholly owned subsidiary AdvantageGo as part of its strategic realignment. |
| AdvantageGo | Target Company | Company | AdvantageGo is a commercial and specialty insurance software provider sold by Coforge to Sapiens. |
| Sapiens International Corp | Buyer | Company | Sapiens is acquiring AdvantageGo to enhance its offerings and expand in the London and North American markets. |
| BDA Partners | Advisor | Company | BDA Partners advised Coforge on the sale of AdvantageGo. |
| William Blair | Advisor | Company | William Blair co-advised with BDA Partners on the transaction. |