Advent to acquire Sapiens for $2.5bn.

Advent, a global private equity investor, agreed to acquire Sapiens, a SaaS-based software solutions company, for $2.5bn. "We are delighted to partner with Sapiens to support its next phase of innovation. Insurers are increasingly turning to technology to help unlock growth and profitability, drive innovation and improve business resilience – with Sapiens a critical partner in enabling this for market leading insurers globally. We will work with the company to accelerate investment into technology innovation, AI, and customer centricity. This transaction comes at a critical time of market change, and we believe Sapiens will more effectively be able to navigate this in a private setting," Douglas Hallstrom, Advent Director.