TGS Baltic has assisted KnowledgePrice with the sale of 100% of its shares to Sapiens International Corporation. Israel's Meitar law firm advised Sapiens on the deal.
TGS Baltic describes Sapiens International Corporation as "a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector," and reports that "it has expanded its digital division’s capabilities through the acquisition of KnowledgePrice.com, a technology specialist with expertise in digital insurance services and consulting."
Privately-held KnowledgePrice, which is based in Riga, employs about 50 digital insurance technology experts and is a provider of services to European insurance providers. According to TGS Baltic, "KnowledgePrice has extensive expertise and long-term experience with open technologies, agile methodologies, and best practices surrounding digital insurance, which will equip Sapiens’ customers with complete digital solutions. KnowledgePrice will serve as a center for excellence for digital engagement services. Its experts will join Sapiens’ Digital Division, which focuses on digital and business intelligence services and solutions, including portal and digital distribution offerings to customers worldwide. The expanded Digital Division will create innovative offerings and provide full support during customers’ digital journeys."
TGS Baltic's team was led by Partner Inese Hazenfusa, supported by Associate Rudolfs Vilsons.