Sapiens International Corporation, a provider of software for the insurance industry, has announced that it has entered into an agreement to acquire Cálculo, a Spain-based vendor of insurance consulting and managed services. The acquisition of Cálculo will allow Sapiens to continue its global expansion by entering the Iberian market.
“This acquisition was a relatively simple decision, as it is expected to accelerate our global footprint by helping us enter the sizable Iberian market,” said Roni Al-Dor, president and CEO of Sapiens. “It checks all the boxes of our M&A growth strategy: it enables us to expand geographically, grows our customer base, and adds a talented team of experts, as well as complementary capabilities and services to our portfolio.”
“This acquisition will offer the Cálculo team and clients access to innovative technology, a global network of relationships and extensive resources,” said Diogo Moraes Sunyer, CEO of Cálculo. “Sapiens will benefit from Cálculo’s experienced experts, local market knowledge and the close relationships we have built and maintained in Spain. We look forward to transitioning into the organization as seamlessly as possible and creating a successful future together with Sapiens.”