The roughly $20 million cash transaction is designed to improve Sapiens’ competitive position and enable it to increase its market share in the North American insurance market.
With the addition of Sapiens DECISION InfoHub and Sapiens DECISION STEP, the vendor characterizes the DECISION Suite as the market’s only complete business decision management solution.
The transaction represents the largest single investment in technology and digital capabilities in the history of the Group, in support of its ambition to become the pan-African leader in financial services.
The vendor expects Germany to become a leading strategic market for Sapiens cloud-based IDITSuite and digital offerings.
Based on SAP’s (Waldorf, Germany) analytics platform, Sapiens INTELLIGENCE is designed to help insurers glean actionable insights from very large amounts of data as they formulate strategies and best determine which new products to bring to market.
Sapiens believes that the combination of KPI’s capabilities with its own experience in enterprise-scale technology solutions, will position the vendor as a decision management innovator.
The cloud-native, modular solution empowers insurers to fully leverage digital opportunities and enhance customer engagement.
Counting all that StoneRiver brings in systems, industry credibility, and client base, the vendor believes it now has what it needs to face the challenges of succeeding in the North American insurance systems market.
The primary goal of the acquisition, worth €28.4 million, is to expand Sapiens’ presence in the DACH region.
Tia’s market presence expected to help Sapiens improve its position also in South Africa and the Baltics markets.