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Stock Market & Financial Investment News

News Breaks
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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March 31, 2015
05:36 EDTSPNSSapiens to acquire IBEXI Solutions
Sapiens announced it has signed a definitive agreement, subject to closing conditions, to acquire IBEXI Solutions Private Limited, an India-based provider of insurance business and technology solutions. Closing of the acquisition is expected to occur in the second quarter of 2015. Following the acquisition, IBEXI will manage the Sapiens Asia Pacific domain, and will establish a solid footprint for Sapiens as a regional center. IBEXI's annual revenues for the period ended December 31, 2014, are approximately $4.3M dollar. Without factoring in IBEXI's revenues generated from sales to Sapiens, IBEXI's 2014 full year revenues totaled $3.6M dollars.

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