M&A Deal Summary

Sapiens Acquires Insseco Sp. Z o.o.

On July 28, 2015, Sapiens acquired software company Insseco Sp. Z o.o. from Asseco Poland SA

Acquisition Highlights
  • This is Sapiens’ 3rd transaction in the Software sector.
  • This is Sapiens’ 1st transaction in Poland.

M&A Deal Summary

Date 2015-07-28
Target Insseco Sp. Z o.o.
Sector Software
Buyer(s) Sapiens
Sellers(s) Asseco Poland SA
Deal Type Divestiture

Target

Insseco Sp. Z o.o.

Rzeszow, Poland
Insseco Sp. Z o.o. is a software provider for the insurance market.

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Buyer(S) 1

Buyer

Sapiens

Holon, Israel

Category Company
Founded 1982
Sector Software
Employees4,850
Revenue 542M USD (2024)
DESCRIPTION

Sapiens is a provider of software solutions for the insurance industry, with a focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. Sapiens was founded in 1982 and is based in Holon, Israel.


DEAL STATS #
Overall 5 of 15
Sector: Software M&A 3 of 6
Type: Divestiture M&A Deals 1 of 3
Country: Poland M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 IBEXI Solutions Pvt

Mumbai, India

IBEXI Solutions Pvt Ltd. is a provider of business and technology solutions across the insurance value chain, for the entire community - insurers, reinsurers, banks, agents, brokers, distributors and service providers - in all areas of insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Maximum Processing

Bradenton, Florida, United States

Maximum Processing, Inc. is a software provider of the stingray system, a property and casualty (P&C) insurance administration suite targeted towards the tier 4-5 U.S. market, as well as managing general agents (MGAs), third-party administrators (TPAs) and insurance brokers.

Buy -

Seller(S) 1

SELLER

Asseco Poland SA

Rzeszow, Poland

Category Company
Founded 1989
Sector Software
Employees18,481
Revenue 2.0B USD (2015)
DESCRIPTION

Asseco Poland SA is a provider of software products and services.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Poland M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-15 Matrix42

Frankfurt, Germany

Matrix42 is a provider of innovative software for IT Workspace Management. The Matrix42 software automates IT processes, license management, and support functionalities and thereby significantly raises the efficiency of the client’s IT department. The flexibility and scalability of the software allow Matrix42 to serve a broad range of companies, beginning with small and mid-sized enterprises up to large blue-chip corporations. Matrix42 was founded in 1992 and is based in Frankfurt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Matrix42

Frankfurt, Germany

Matrix42 is a provider of innovative software for IT Workspace Management. The Matrix42 software automates IT processes, license management, and support functionalities and thereby significantly raises the efficiency of the client’s IT department. The flexibility and scalability of the software allow Matrix42 to serve a broad range of companies, beginning with small and mid-sized enterprises up to large blue-chip corporations. Matrix42 was founded in 1992 and is based in Frankfurt, Germany.

Sell -