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Announced

Completed

Sapiens International completed the acquisition of sum.cumo from die Bayerische Finanzberatungs- und Vermittlungs.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Completed

Acquisition

Software

software development

Single Bidder

Germany

Majority

Synopsis

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Sapiens International, a computer software company, completed the acquisition of sum.cumo, a software company, from die Bayerische. Financial terms were not disclosed. The acquisition will enable Sapiens to expand its footprint by offering Sapiens’ complete product and services portfolio in the DACH region, alongside sum.cumo’s offerings. Sapiens will continue to invest in and support sum.cumo’s offerings, and enhance Sapiens’ digital offerings worldwide via sum.cumo’s solutions and expertise.

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