The acquisition, valued at £43 million (approximately $53 million USD), is aimed at strengthening Sapiens’ position in the property and casualty (P&C) insurance sector, particularly in commercial, specialty, and reinsurance lines.
The deal marks a strategic expansion into the London Specialty Market, a key global hub for commercial insurance. AdvantageGo’s underwriting workbench will be integrated into Sapiens’ broader P&C Insurance Platform and will also be offered as a standalone solution to clients.
In 2024, AdvantageGo reported £15 million in revenue, with around half stemming from recurring sources. Despite posting a £9 million loss last year, the company is projected to return to growth, with expectations of double-digit revenue increases by 2026 and a positive contribution to Sapiens’ profitability by 2027.
The transaction, structured as an all-cash deal, is expected to close in the coming weeks, pending customary closing conditions.
