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Sapiens Worldwide, an insurance coverage software program supplier, is contemplating choices for its enterprise, which features a potential sale, reported Reuters, citing sources.
The insurtech firm has employed funding financial institution William Blair to evaluate curiosity from potential patrons, the sources stated.
Sapiens, which has a market worth of almost $2bn, might appeal to non-public fairness firms, amongst different potential purchasers, it added.
This growth comes after Sapiens briefly paused its sale plans as a result of regional conflicts final 12 months.
The sources indicated that the sale course of was revived just a few weeks in the past.
Nevertheless, additionally they confused that the result is unsure and no deal has been finalised.
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Each Sapiens and William Blair kept away from commenting on the matter.
With a presence in Tel Aviv and New York, Sapiens affords software program options to insurers in varied sectors together with P&C, employees’ compensation and life insurance coverage.
The corporate has a workforce of greater than 5,000, working in additional than 30 international locations and serving a shopper base exceeding 600.
Components Methods, an Israeli IT group managed by Asseco, has a 43% stake in Sapiens.
The expertise sector has seen a slowdown in take-private offers as a result of elevated rates of interest, which have made financing more difficult for personal fairness corporations.
Final month, Sapiens introduced plans to increase its operations in Canada.
The corporate stated it’s dedicated to enhancing its options and customer support to help present purchasers and attain new prospects within the software-as-a-service area.
In February 2024, Sapiens shaped a strategic alliance with DataCrest, aiming to spice up operational efficiencies for P&C insurers.
The collaboration leverages DataCrest’s AppEase platform to drive development throughout the P&C insurance coverage sector.
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