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Sapiens International (SPNS) delivers cutting-edge insurance software solutions powering digital transformation across global financial services. This centralized news resource provides investors and professionals with verified updates on company developments and industry leadership.
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Bookmark this page for continuous updates on SPNS' contributions to insurance technology. Visit regularly to monitor how Sapiens' SaaS solutions and low-code platforms drive efficiency in policy administration, claims processing, and risk management worldwide.
Sapiens International Corporation (NASDAQ: SPNS) hosted its annual International Client Conference from May 12-14, 2025 in Vienna, Austria. The event, themed "Compose Your Future," brought together insurance industry leaders, customers, prospects, and partners to discuss business strategy, technology innovation, and collaboration.
The conference featured notable speakers including Patrice Amann (Microsoft), Nicolas Michellod and Craig Beattie (Celent), Lorenzo Chan Jr (Pioneer Group), and others. Sessions focused on market trends, product roadmaps, and success stories related to SaaS, cloud, and AI initiatives. The event included specialized tracks for Property & Casualty, Reinsurance, and Life & Pensions markets, along with networking opportunities and a gala dinner at Palais Ferstel.
Key technology partners and sponsors included Microsoft, FRISS, Swiss Re, K2view, and Cognizant, showcasing solutions that complement Sapiens' insurance software offerings.
Sapiens International Corporation (NASDAQ: SPNS) has achieved significant recognition from Celent for its IDITSuite Property & Casualty software solution. The company earned Luminary status in both EMEA and APAC regions, along with XCelent Awards for Breadth of Functionality and Customer Service in EMEA.
The IDITSuite platform features a modern interface with Power BI charts, GenAI capabilities for document analysis, and comprehensive API functionality. Through partnerships with Microsoft and OpenAI, the solution leverages advanced technologies for process optimization. Sapiens has maintained Luminary status across all P&C domains and has consistently won Celent's XCelent awards since 2018.
- Faster product launches and market delivery
- Improved policy and claims management
- Enhanced digital engagement for customers and distributors
- Advanced data analytics and reporting capabilities
Sapiens International has announced the acquisition of AdvantageGo, a commercial insurance software provider, to enhance its global P&C platform capabilities. The deal, valued at 43 million British pounds, strengthens Sapiens' position in the London Specialty Market and global commercial insurance segments.
Key highlights:
- AdvantageGo's underwriting workbench will be integrated into Sapiens Insurance Platform for P&C and offered as standalone
- AdvantageGo reported 15 million British pounds in revenue for 2024, with 50% recurring revenue
- Currently operating at a 9 million British pound loss due to strategic investments
- Expected to achieve double-digit growth by 2026
- Projected to become profitable and accretive to Sapiens' earnings by 2027
The acquisition addresses critical P&C industry challenges in risk assessment and management, particularly in complex specialty and commercial lines. The deal is expected to close within weeks, with AdvantageGo becoming wholly owned by Sapiens.
Sapiens International (NASDAQ: SPNS) has announced the acquisition of Candela, a leading intelligent automation company serving APAC-based insurance clients, for $22 million in cash. Candela, currently part of Azentio, generated $8 million in non-GAAP revenue for 2024 and serves 23 customers primarily in Singapore, Malaysia, Thailand, Hong Kong, and South Africa.
The acquisition, expected to close in Q2 2025, will enhance Sapiens' life product portfolio and expand its APAC presence. Candela's team of over 100 employees, mainly based in Bangalore, India, brings nearly 30 years of industry expertise. The integration will strengthen Sapiens Insurance Platform through Candela's Business Process Modelling and Case Management capabilities, enabling standardized processes over external legacy solutions.
The transaction is projected to be profit-accretive starting Q4 2025.
Sapiens International (NASDAQ: SPNS) has scheduled its First Quarter 2025 financial results announcement for May 8, 2025. The company will host a conference call and webcast at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to discuss the results.
Investors can participate through toll-free numbers provided for North America (1-888-642-5032), International (972-3-9180644), and UK (0-800-917-5108). A live webcast will be available on Sapiens' website, and a replay will be accessible for 90 days following the event.
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