Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Germany’s antitrust authority has approved Sapiens’ acquisition of sum.cumo without restriction.
All necessary regulatory approvals for the acquisition have now been received and the transaction is completed.
sum.cumo is a German-based technology provider that offers disruptive, digital, innovative and consumer-centric solutions mainly to the insurance sector. The acquisition is expected to enable Sapiens to expand its footprint by offering Sapiens’ complete product and services portfolio in the DACH region, alongside sum.cumo’s offerings. Sapiens will continue to invest in and support sum.cumo’s offerings, and enhance Sapiens’ digital offerings worldwide via sum.cumo’s solutions and expertise.