M&A Deal Summary

Sapiens Acquires Knowledgeprice.com

On January 3, 2018, Sapiens acquired information technology company Knowledgeprice.com

Acquisition Highlights
  • This is Sapiens’ 2nd transaction in the Information Technology sector.
  • This is Sapiens’ 1st transaction in Latvia.

M&A Deal Summary

Date 2018-01-03
Target Knowledgeprice.com
Sector Information Technology
Buyer(s) Sapiens
Deal Type Add-on Acquisition

Target

Knowledgeprice.com

Riga, Latvia
Knowledgeprice.com is a technology specialist with expertise in digital insurance services and consulting. Knowledgeprice is based in Riga, Latvia.

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Buyer(S) 1

Buyer

Sapiens

Holon, Israel

Category Company
Founded 1982
Sector Software
Employees5,000
Revenue 515M USD (2023)
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 8 of 13
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 7 of 12
Country (Latvia) 1 of 1
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 StoneRiver

Oakland, California, United States

StoneRiver is a provider of innovative insurance technology, professional services, and outsourcing solutions to the insurance industry. The company's services include business process outsourcing, insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale technology and straight-through processing solutions. StoneRiver is based in Oakland, California.

Buy $102M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Adaptik

Bethlehem, Pennsylvania, United States

Adaptik Corp. is a provider of software solutions to insurance industry. Adaptik is based in Bethlehem, Pennsylvania.

Buy -