Aug 13 (Reuters) - Israeli software company Sapiens

International ( SPNS ) said on Wednesday that it will be

acquired by private equity firm Advent for $2.5 billion in cash.

Sapiens' shareholders will receive $43.50 per share in cash,

a premium of about 47.5% over its last close of $29.50 on the

Nasdaq on Tuesday.

Sapiens will become a privately held company after the deal

is completed, the company said.

It offers software solutions to the insurance sector.