04:25 PM EDT, 04/05/2024 (MT Newswires) -- Sapiens International ( SPNS ) is considering options that may include a potential sale, Reuters reported Friday, quoting sources with knowledge of the matter.

The Israeli insurance technology company, which has a market value of about $2 billion, has hired investment bank William Blair to assess interest from potential buyers, the report said, adding that sources said no deal is certain.

The company had been mulling a sale last summer, but the plans were suspended after the start of Israel-Hamas conflict, Reuters reported.

Sapiens and William Blair didn't respond to Reuters' requests for comment.

Sapiens didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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