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Stock Market & Financial Investment News

News Breaks
November 29, 2012
05:25 EDTSPNSSapiens International anounces 2M share private buyback from Kardan Technologies
Sapiens International announced that it has signed a definitive agreement with one of its shareholders, Kardan Technologies, to buy back from Kardan 2M of Sapiens' common shares, representing approximately 5% of the total issued and outstanding shares of Sapiens. Following consummation of the transaction, the company will have approximately 38.30M common shares outstanding. Under the terms of the definitive agreement, Sapiens will buy back the 2M common shares from Kardan at a price of $3.50 per share, for a total consideration of $7M. The common shares that are bought back will be held as treasury shares.
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July 30, 2014
09:55 EDTSPNSSapiens acquires decision management consultancy firm KPI
Sapiens International announced it has acquired Knowledge Partners International, or KPI, a decision management consultancy that provides services and training. "Acquisitions of high quality and innovative organizations, such as KPI, are key to our success. The KPI acquisition will not impact this year's financial results, but we expect to gain momentum in the market starting next year," said Roni Al-Dor, president and CEO of Sapiens International. "We want to identify and take full advantage of new opportunities in the insurance and financial services markets, such as enterprise decision management, so we can provide added value that will help organizations streamline their businesses."

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