Sapiens International Corporation announced on April 22, 2025, a definitive agreement to acquire Candela, an intelligent automation company serving APAC-based insurance clients. This strategic acquisition aims to enhance Sapiens' life product portfolio and expand its presence in the APAC region.
The transaction is structured as a cash deal with an aggregate consideration of $22 million. Candela reported non-GAAP full year 2024 revenues of $8 million USD and has 23 customers primarily in Singapore, Malaysia, Thailand, Hong Kong, and South Africa.
The acquisition is expected to close during the second quarter of 2025 and become accretive to Sapiens' profit starting from the fourth quarter of 2025. Candela's Business Process Modelling and Case Management capabilities are complementary to Sapiens Insurance Platform for life offerings.
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