M&A Deal Summary

Sapiens Acquires Candela

On April 22, 2025, Sapiens acquired information technology company Candela from Azentio for 22M USD

Acquisition Highlights
  • This is Sapiens’ 5th transaction in the Information Technology sector.
  • This is Sapiens’ 3rd largest (disclosed) transaction.
  • This is Sapiens’ 2nd transaction in India.

M&A Deal Summary

Date 2025-04-22
Target Candela
Sector Information Technology
Buyer(s) Sapiens
Sellers(s) Azentio
Deal Type Divestiture
Deal Value 22M USD

Target

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.

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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 14 of 15
Sector: Information Technology M&A 5 of 5
Type: Divestiture M&A Deals 2 of 3
Country: India M&A 2 of 2
Year: 2025 M&A 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-28 AdvantageGo

London, United Kingdom

AdvantageGo is a commercial insurance software provider specializing in underwriting workbench solutions for both the London and global commercial markets. The company delivers a single, modular platform designed specifically for specialty and commercial (re)insurers that empowers underwriters with an underwriting workbench, exposure management, and policy administration modules that drive the complete policy lifecycle from pre-bind risk and portfolio assessment value to policy renewals and beyond. AdvantageGo is based in London.

Buy -

Seller(S) 1

SELLER

Azentio

Singapore, Singapore

Category Company
Founded 2020
Sector Software
DESCRIPTION

Azentio provides core software to BFSI customers and ERP solutions to SMB enterprises primarily across Middle East and Africa, Asia Pacific, and India. The company's flagship products include Premia Astra (Core Insurance Solution), Kastle (Universal Banking Solution), AMLOCK (Financial Crime Detection and Management Solution), MFund Plus (Wealth & Asset Management Solution), and Orion (Enterprise Resource Planning Solution). Azentio was formed in 2020 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1