Sapiens International Corporation announced on April 28, 2025, a definitive agreement to acquire AdvantageGo, a commercial insurance software provider specializing in underwriting workbench solutions. This acquisition is a cash deal with an enterprise value of 43 million British pounds.
AdvantageGo's 2024 revenues were 15 million British pounds based on US GAAP, with approximately 50% from recurring revenues. While AdvantageGo reported a loss of 9 million British pounds in 2024 due to strategic investments, it is expected to grow at a double-digit rate in 2026 and become accretive to Sapiens' profit starting in 2027.
This strategic acquisition significantly enhances Sapiens' global P&C proposition, adding cutting-edge underwriting workbench capabilities and providing immediate access to the London specialty market. The AdvantageGo underwriting workbench will be integrated into Sapiens Insurance Platform for P&C and also offered as a standalone solution.
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