Last updated February 16th 2017

February 15, 2017 | Sapiens International Corporation, an Israeli provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today it has entered into a definitive agreement to acquire privately held StoneRiver Inc., for approximately $102 million in cash. StoneRiver delivers a wide range of solutions and services for the insurance industry in North America. Founded in 1982 by Tsvi Misinai, Sapiens is headed by Roni Al-Dor and is traded both on NASDAQ and on the Tel Aviv Stock Exchange.