SAPIENS INTERNATIONAL CORPORATION acquired by ADVENT INTERNATIONAL

Sapiens International Corporation has entered into a definitive agreement to be acquired by funds advised by Advent in an all,cash transaction. Under the terms of the deal, shareholders will receive $43.50 per share, representing a significant 64% premium over the company's undisturbed closing price on August 8, 2025. While Advent will take a controlling stake, the existing shareholder Formula Systems (1985) Ltd. will retain a minority ownership position in the privately held company. The strategic rationale for the acquisition is to accelerate the group's transition toward AI,driven and SaaS,based insurance solutions. By moving into a private setting, the entity will benefit from Advent's global resources and operational expertise to navigate market shifts more effectively and enhance its product innovation roadmap. The deal is expected to close between late 2025 and early 2026, subject to customary regulatory approvals and shareholder consent. Following the completion of the merger, the company will be de,listed from the NASDAQ and TASE. The transaction is supported by $1.3 billion in aggregate equity contributions from Advent, providing a high level of closing certainty for the company's future innovation in the insurance technology sector.