Strategic Acquisitions
Sapiens International Corporation announced the acquisition of Candela and Advantage Go, enhancing capabilities in the Life platform and expanding the global P&C proposition. These acquisitions are expected to contribute to significant growth, especially in APAC and the London specialty market.
Revenue Growth
First quarter 2025 revenue increased by 1.4% to $136 million compared to $134 million in Q1 2024. On a constant currency basis, revenue would have been $2 million higher.
Increase in Annualized Recurring Revenue
Annualized recurring revenue (ARR) for Q1 2025 totaled $187 million, reflecting an 11.8% increase from Q1 2024, driven by new logos signed in the previous quarter.
North America and APAC Growth
Revenue in North America increased by 3.1% and in the Rest of the World, including APAC, by 13.4% compared to last year, demonstrating robust growth in these regions.
Strong Life and Annuity Business
Life and Annuity businesses showed multiple wins and go-lives, with new deals signed in North America and Europe, indicating a strong demand for life system transformation.