The Holon-based Sapiens International Corporation, a global leader in providing intelligent SaaS-based software solutions to the insurance industry, announced on Wednesday that it had agreed to be acquired by Advent International, an American private equity investor, in an all-cash transaction valued at $2.5 billion.

(Saas is software as a service.)

“We are pleased to announce that we have entered into a definitive agreement to be acquired by Advent, a leading global private equity investor, for $43.50 per common share, in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion,” Sapiens posted on LinkedIn .

It added, “Together, Sapiens and Advent will drive digital transformation in the insurance technology sector, leveraging our robust technology

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