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June 25, 2014
11:22 EDTSPNSAlpha breaks off talks to buy Sapiens from Formula, Globes says
The Alpha Group held talks until "several days ago" to potentially buy Formula Systems' portfolio company Sapiens in a transaction reflecting a market cap of $420M, but the talks between the parties were recently broken off due to an inability to agree on a price, according to Globes. Reference Link
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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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