M&A Deal Summary

Sapiens Acquires TIA Technology A/S

On November 9, 2020, Sapiens acquired information technology company TIA Technology A/S from EQT

Acquisition Highlights
  • This is Sapiens’ 4th transaction in the Information Technology sector.
  • This is Sapiens’ 1st transaction in Denmark.

M&A Deal Summary

Date 2020-11-09
Target TIA Technology A/S
Sector Information Technology
Buyer(s) Sapiens
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

TIA Technology A/S

Virum, Denmark
TIA Technology is a provider of standardized insurance software solutions in Europe and South Africa. The Company addresses the migration trend from legacy systems to standardized software and offers flexible and comprehensive suites of core insurance applications primarily for Property & Casualty insurers, Life & Pension, Health, and a number of innovative extension modules. TIA Technology was formed in 1997 and is based in Virum, Denmark.

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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 13 of 15
Sector: Information Technology M&A 4 of 5
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Denmark M&A 1 of 1
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 Delphi Technology

Boston, Massachusetts, United States

Delphi Technology, Inc. is a provider of software solutions for property & casualty (P&C) carriers, with a focus on the medical professional liability (MPL)/healthcare professional liability (HCPL) markets. Delphi Technology was founded in 1989 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-22 Candela

Bangalore, India

Candela is an intelligent automation company servicing blue-chip, APAC-based insurance clients. The company offers an end-to-end insurance automation platform along with digital services and solutions. It serves customers from Singapore, Malaysia, Thailand, Hong Kong and South Africa. Candela is headquartered in Bangalore.

Buy $22M

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 134 of 194
Sector: Information Technology M&A 8 of 15
Type: Add-on Acquisition M&A Deals 53 of 76
Country: Denmark M&A 17 of 22
Year: 2020 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 BioGaia

Stockholm, Sweden

BioGaia is a healthcare company that has created networks of independent researchers and specialists, manufacturing experts, and local distribution partners worldwide. The company's products are recommended by pediatricians and other healthcare professionals in more than 100 countries. BioGaia was formed in 1990 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Thinkproject

München, Germany

Thinkproject is a provider of cross-enterprise collaboration and workflow software to the construction and engineering industries. Thinkproject was established in 2000 and is headquartered in München, Germany.

Buy -