Transaction · Insurtech · 2022

Sapiens / Tia Technology 2022

Sapiens acquired Tia Technology on December 1, 2022.

Target
Tia Technology
Acquirer
Sapiens
Announced
December 1, 2022
Sub-sector
Insurtech

Transaction overview

  • Sapiens announced the acquisition of Tia Technology on December 1, 2022.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquire insurance software developer to establish regional delivery hub for European clients and expand product development capabilities.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 1, 2022
Acquirer
Sapiens (Strategic)
Sub-sector
Insurtech

Frequently asked questions

When did Sapiens announce the acquisition of Tia Technology?

Sapiens announced the acquisition of Tia Technology on December 1, 2022.

What sub-sector is Tia Technology in?

Tia Technology is tracked in the Insurtech sub-sector.

Sources

  • investlithuania.com /news/leading-israeli-insurtech-sapiens-chooses-lithuania-for-strategic-delivery-centre/