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Insurance software firm Sapiens to be bought by Advent for $2.5 billion

Aug 13 (Reuters) - Israeli software provider Sapiens International (SPNS.O), opens new tab said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom.The deal comes months after Advent entered exclusive negotiations to acquire Paris-based Kereis, the largest broker for housing protection insurance in France, from Bridgepoint.The Reuters Daily Briefing newsletter provides all the n...

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