Coforge sells AdvantageGo unit to Sapiens in strategic move

AdvantageGo is a long-standing provider of commercial and specialty insurance solutions, boasting over three decades of industry experience and a strong foothold in the Lloyd’s Syndicate Market, having supported top insurers worldwide

Coforge has announced the divestment of its subsidiary, Coforge AdvantageGo Limited, as part of a broader strategic review and corporate restructuring initiative. Coforge U.K. Limited, a wholly owned arm of the company, has signed a share purchase agreement with Sapiens UK Limited to sell its entire stake in AdvantageGo. The transaction, valued at a base consideration of GBP 43 million, is subject to customary completion conditions and is expected to close within four to six weeks.

AdvantageGo is a well-established provider of commercial and specialty insurance products, with a strong presence in the Lloyd’s Syndicate Market. With over 30 years in the industry, it has served numerous leading insurers globally.

Despite the divestment, Coforge reaffirmed its commitment to the insurance sector, emphasizing that Insurance Services will remain a core focus and a key growth vertical. The company plans to deepen its domain expertise and leverage its 6,000-strong team of insurance professionals to support global clients.

Sudhir Singh, CEO and Executive Director, Coforge, said, “AdvantageGo is a stellar product business in a predominantly IT Services organization. Divestment of AdvantageGo would resolve the channel conflict with some of our strategic partners in the P&C space and enable us to stay focused on driving very strong growth in the Coforge Insurance Services business. As a global leader in Insurance SaaS-based software, Sapiens is a great strategic fit for the AdvantageGo business. This transaction will also strengthen our go-to-market partnership with Sapiens and help further accelerate the growth of both organizations within the Insurance industry.”

Ian Summers, Global Business Leader of AdvantageGo, said, “I am immensely thankful for the opportunity to build AdvantageGo business under Coforge ownership. Joining Sapiens means becoming part of a leading global product organization that will amplify our capabilities and enhance our solutions, creating greater opportunities for our clients and team.”

“We look forward to integrating our products into the Sapiens Insurance Platform to deliver a seamless and powerful offering for the European and North American markets. We are committed to ensuring a smooth transition and continued service excellence for all our customers.”