02:02 PM EDT, 04/28/2025 (MT Newswires) -- Sapiens International ( SPNS ) said Monday it has signed a deal to acquire AdvantageGo for an enterprise value of 43 million pounds ($57.6 million).

As part of the acquisition, Sapiens said it will integrate AdvantageGo's underwriting workbench capabilities into its insurance platform to expand support for London's reinsurance market.

The transaction, expected to be completed in the coming weeks, is expected to boost Sapiens' global property and casualty proposition, the company said.

Shares of the company were down 3.1% in recent trading.

Price: 27.04, Change: -0.86, Percent Change: -3.07