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Sapiens International Corp. announced Aug. 13 it entered into a definitive agreement for private equity investor Advent to acquire it for approximately $2.5 billion.

Sapiens is a global leader in intelligent SaaS-based software solutions. The Israel-headquartered insurance software firm has its U.S. corporate offices in Rochelle Park. The company serves over 600 customers in more than 30 countries. 

“This transaction marks a significant milestone in Sapiens’ journey, reinforces the success of our strategy, our commitment to delivering exceptional value to our customers, and the strength of our global team,” Sapiens CEO Roni Al-Dor said in a statement. He added that the company’s board of directors approved the deal. 

Al-Dor noted that the acquisition “delivers an excellent outcome for Sapiens’ shareholders.” They will receive $43.50 per share in cash, representing a premium of approximately 64% over Sapiens’ Aug. 8 closing share price ($26.52). 

Shareholder Formula Systems (1985) Ltd. will retain a minority stake in Sapiens. 

Calling it the company’s “next chapter,” Al-Dor said Sapiens remains committed to “continue supporting insurance carriers with their entire transformation journey, delivering the product innovation and service excellence they expect from us.” 

Going private

The company provides SaaS, digital and AI-driven insurance software solutions. It serves the life, pension & annuities, and property & casualty markets. 

The deal is expected to close in the fourth quarter of 2025 or first quarter of 2026, subject to customary approvals. 

If finalized, Sapiens’ common shares will no longer be publicly listed, and it will become a privately held company. 

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

“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,” added Advent Director Douglas Hallstrom. 

William Blair & Co. LLC is acting as financial advisor to Sapiens. Latham & Watkins LLP and Meitar Law Offices are acting as legal counsel to the company. For Advent, Citi is acting as financial advisor. Meanwhile, Kirkland & Ellis LLP and Herzog Fox Neeman are acting as legal counsel. 

The company did not immediately respond to a request for more information, including how many New Jersey workers Sapiens employs.

The Sapiens deal follows another acquisition in the industry, from Jersey City-based Verisk. On July 30, the data analytics and tech provider to the insurance industry announced it entered into a definitive agreement to acquire AccuLynx for $2.35 billion.