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Sapiens Acquires Candela to Expand its Footprint in APAC and Enhance its Life Product Portfolio

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A Strategic Move to Strengthen Sapiens’ Position in the APAC Market and Strengthen our Life Position Globally

ROCHELLE PARK, N.J., April 22, 2025 /PRNewswire/ — Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent insurance software solutions today announced the acquisition of Candela, a leading intelligent automation company servicing blue-chip, APAC-based insurance clients. This strategic move aims to enhance Sapiens’ life product portfolio and expand its presence in the APAC region. The transaction is subject to customary closing conditions and expected to close during the second quarter of 2025.

Candela offers an end-to-end insurance automation platform along with digital services and solutions. Candela has 23 customers, primarily in Singapore, Malaysia, Thailand, Hong Kong and South Africa. The Candela team of over 100 employees is mainly in Bangalore, India. Candela is currently part of Azentio, a Singapore-based company.

With nearly 30 years of deep industry expertise, Candela is well-positioned to support Sapiens’ vision and strategy for growth in the APAC market in addition to providing innovative new capabilities to Sapiens global customers. Candela’s solutions are complementary to Sapiens Insurance Platform and Policy Administration Systems for Life. By leveraging Candela’s Business Process Modelling (BPM) and Case Management capabilities, Sapiens aims to enhance its Insurance Platform for life offerings.

This acquisition also enables the implementation of standardized processes over external legacy solutions, ensuring a consistent and enhanced experience for agents, customers, and administrators.

“I am pleased to welcome the Candela team and customers as part of our strategy to continue to expand our presence in the APAC region and enhance our sophisticated life insurance platform” said Roni Al-Dor, CEO and President at Sapiens. “We will continue to support Candela’s customers and products, increasing value across the entire insurance lifecycle and supporting insurers’ digital transformations with a comprehensive product proposition and a diverse range of service capabilities.”

“Joining the Sapiens organization opens up a wealth of resources and a global network of relationships for the Candela team and our clients,” said Amitabh Poddar, Business Head, Candela. “Integrating our intelligent automation solutions into Sapiens’ leading insurance software platform will enhance our capabilities and provide even greater value to our customers. We are committed to ensuring a smooth transition and maintaining uninterrupted service for all our clients.”

The acquisition of Candela is structured as a cash transaction. Candela non-GAAP full year 2024 revenues were $8 million USD. Sapiens will pay an aggregate cash consideration of $22 Million dollar. The acquisition will be accretive to profit starting from the fourth quarter of 2025.   The transaction is expected to be completed during the second quarter of 2025. Upon completion, Candela will become wholly owned by Sapiens.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.   For more information visit https://sapiens.com or follow us on LinkedIn.

About Candela

Candela Labs is an IP-led technology focused on smart automation and digital solutions for insurers. We work on the cutting edge of InsureTech/FinTech, creating products and point solutions in our IP Labs that enable our clients to truly transform themselves for enriched digital adoption, enhanced customer & channel experience and exceptional operational efficiency.

About Azentio

Azentio Software incorporated in 2020 at Singapore, has been carved out of 3i Infotech, Candela Labs, Beyontec Technologies and Path Solutions. Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals. Azentio has over 800 customers in more than 60 countries, with a team of over 2,300 employees across offices in 12 countries (and growing) globally and is wholly owned by Funds advised by Apax Partners. Visit: https://www.azentio.com/

Investor and Media Contact 
Yaffa Cohen-Ifrah 
Sapiens Chief Marketing Officer and Head of Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com

Forward Looking Statements 

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

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SOURCE Sapiens International Corporation

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RRC and BattGenie Partner to Deliver Smarter, Safer Energy Storage Solutions

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AUSTIN, Texas, May 14, 2025 /PRNewswire/ — RRC Companies, a leading full-scope engineering firm in renewable energy, and BattGenie, a battery software company known for its AI-enhanced, physics-based modeling and battery management platform, have signed an exclusive strategic partnership to deliver innovative Battery Energy Storage Systems (BESS) solutions for the utility-scale energy market.

The collaboration marks a major advancement for the renewable sector. For RRC, it expands its ability to support owners and developers with smarter, safer, and more profitable battery storage infrastructure. For BattGenie, it means partnering with one of the most trusted engineering firms in utility-scale energy.

“We know the product; RRC knows the market,” said Manan Pathak, CEO and Co-founder of BattGenie. “This partnership bridges innovation with execution. We’re excited to align with a company that has deep expertise in utility-scale energy storage systems and a shared mission to maximize the value of BESS assets.”

Central to the partnership is BattStudio, BattGenie’s unified platform that delivers accurate state estimation, dynamic charge/discharge control, and predictive analytics across four integrated layers: simulation (BattSaaS), modeling (BattMaaS), data analytics (BattDaaS), and performance management (BattPaaS). BattStudio has been proven to double battery life and reduce charging time for a variety of applications. This technology complements RRC’s engineering and SCADA capabilities, especially its RIVR™ platform, enabling seamless integration of BESS performance insights from design through operations.

When integrated with RIVR, BattStudio will add cloud-based predictive analytics and real-time energy management, offering a powerful solution for BESS performance.

Together, RRC and BattGenie will provide:

Real-time battery behavior modelingPredictive insights on safety, maintenance, and efficiencyExtended battery lifeEnhanced safetyReduced charging timeDynamic EMS/SCADA optimizationRevenue gains from energy arbitrage, frequency regulation, and peak shavingLower CAPEX through reduced bufferCell/pack model parameter estimation

“Advanced software, when paired with the right engineering partner, unlocks real performance gains in the field,” said Bill Bong, President and Co-founder of RRC Companies. “This partnership combines BattGenie’s deep product intelligence with our engineering and field expertise to deliver storage systems that exceed expectations.”

RRC and BattGenie are already helping BESS clients improve their asset value. Moving forward, they will leverage BattStudio and RIVR to help organizations maximize energy storage ROI.

Organizations interested in the technology can contact Mike Kraft, SVP of Corporate Development at RRC Companies: mikekraft@rrccompanies.com

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SOURCE RRC Companies

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Alteryx Introduces a Unified Platform for Enterprise Analytics and AI Orchestration

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Alteryx One unifies the full Alteryx suite with new platform tools that unlock the value of enterprise data, empowering analysts to leverage data platforms and accelerate AI initiatives

IRVINE, Calif., May 14, 2025 /PRNewswire/ — Alteryx, Inc., a leading AI and data analytics company, today announced Alteryx One, a unified suite of AI-powered analytics capabilities that give customers greater flexibility to automate and scale analytics across their data ecosystems. The release also introduces new features that simplify access to trusted, governed, and AI-ready enterprise data.

A Unified Platform for AI-Powered Analytics

Traditional analytics solutions often force trade-offs between flexibility, governance, and innovation. Alteryx One eliminates these barriers by unifying powerful analytics automation, low-code, no-code data prep and blend, AI assistance, cloud flexibility, and enterprise governance, into a seamless, centrally managed platform.

The introduction of a centralized portal allows customers to seamlessly manage their entire Alteryx portfolio, regardless of deployment model. Alteryx’s new AI Control Center offers unified orchestration, combining licensing management with built-in security, governance, and visibility into all AI interactions, including large language models (LLMs). This centralized control helps ensure consistent access and usage policies across the platform.

“This launch marks a major step forward in making analytics accessible, collaborative, and intelligent,” said Ben Canning, Chief Product Officer at Alteryx. “The future of AI-powered analytics is about choice and connection. Alteryx One empowers organizations with the flexibility to access analytics in any way they need and to help ensure their data is AI-ready. This release is built to help organizations scale insights, automate intelligently, and stay ahead of AI, on their own terms.”

With new tiered packaging and a unified licensing portal, Alteryx One provides organizations with centralized control over user access, permissions, and license management, enabling secure, scalable analytics across the enterprise.

Direct Access to Data Platforms

As enterprise data increasingly moves to the cloud, organizations need faster, more secure ways to work directly with their cloud data without costly data movement or unnecessary replication. Alteryx One delivers this by making data platforms an extension of the analytics environment with expanded connectivity and deeper integrations, such as Pre-/Post-SQL support for In-DB tools, enabling more advanced data processing.

Additionally, real-time data access via Live Query for Databricks, the Data and AI company, and Snowflake, the AI Data Cloud company, turns Alteryx into a direct window into the data platforms. Customers can now work with massive datasets in real time, accelerating data preparation while maintaining security and performance.

Alteryx One also introduces shared connectors and plans, enabling IT teams to establish secure, reusable connections to cloud data sources. To support broader enterprise needs, Alteryx One expands connectivity with new and updated connectors for platforms like Azure Synapse, Qlik, and Starburst, along with enhancements to improve cloud pushdown processing. Together, these enhancements simplify cloud adoption for analytics teams and deliver faster access, lower costs, and stronger governance without compromising flexibility or control.

Delivering Trusted, AI-Ready Data

Customers like Siemens Energy are leveraging Alteryx to extract, prepare, and blend data — fostering data democratization, and a digital mindset. This transformation includes the successful adoption of AI and LLMs, for example, to unlock valuable insights from previously hard-to-access and non-digitized data. By integrating Alteryx with a data platform and LLMs, Siemens Energy has developed an AI-powered chatbot that enables users to query extensive document repositories. 

“With Alteryx and our citizen development approach, we are increasing our digital capabilities and providing vital data access to people who didn’t have it before — at scale, rapidly, sustainably, and with real operational impact across multiple use cases,” said Tim Kessler, Head of Data, Models & Analytics at Siemens Energy. Unified platforms simplify the path for organizations aiming to follow trailblazers like Siemens Energy in utilizing AI-ready data for transformative outcomes.

A recent Alteryx survey found that data integration continues to be a significant challenge for data analysts. Nearly half (46%) of analysts report that data quality issues are their biggest obstacle when preparing data. This challenge is amplified as more organizations move their data to the cloud, increasing the demand for faster and more seamless access to data in cloud data platforms. In today’s AI-driven business environment, these difficulties inhibit organizations’ ability to efficiently prepare data for analytics and AI applications.

As organizations seek to balance the benefits of AI initiatives and the challenge of AI governance for broad usage analytics, Alteryx One delivers scaled access to data and AI across the business for all knowledge workers in one unified platform. New capabilities include:

Magic Reports (General Availability): Automatically generate dynamic, tailored reports in Auto Insights with the help of AI. Magic Reports brings automation and intelligent assistance to the reporting experience, making it faster and easier to create, customize, and share insights. Spend less time building reports and more time driving decisions.

Alteryx Copilot (Public Preview): Provides an interactive AI assistant that guides users from question to workflow, offering intelligent real-time support, smart tool recommendations, and automated workflow generation. Alteryx Copilot goes beyond a traditional chatbot. Not only does it deliver insights, but it actively builds workflows in real time, transforming inputs into action.

GenAI Tools (Private Preview): Brings the power of generative AI directly into workflows to automate complex tasks, generate insights, and orchestrate logic in new ways. With seamless integration into enterprise-approved LLMs like OpenAI, Anthropic, and Gemini, users can move beyond traditional automation and explore new possibilities with AI inside Alteryx.

To learn more:

Visit the Alteryx One page

Read the Alteryx blog: Experience the New Era of Analytics with Alteryx One

ABOUT ALTERYX
Alteryx is a leading AI and data analytics company that powers actionable insights to help organizations drive smarter, faster decisions with AI-ready data. More than 8,000 customers around the world rely on Alteryx to automate analytics, improve revenue performance, manage costs, and mitigate risk across their businesses.

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SOURCE Alteryx, Inc.

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Billtrust Announces Groundbreaking AI Advancements

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Introduces Multi-Agent Architecture, Billtrust Autopilot, its Agentic AI Assistant, AI-powered Credit and Collections

HAMILTON TOWNSHIP, N.J., May 14, 2025 /PRNewswire/ — Billtrust, a B2B order-to-cash and digital payments market leader, today announced a series of revolutionary AI advancements at its annual Billtrust Insight 2025 conference, held May 13-15, 2025, in Dallas, Texas. These innovations, including a new multi-agent platform architecture and Billtrust Autopilot, its advanced agentic AI assistant, are set to transform the landscape of B2B accounts receivable (AR) automation, driving unprecedented efficiency, accuracy and insights for businesses worldwide. 

Billtrust’s distinct AI differentiators are:

Network Data Advantage: Billtrust’s AI solutions derive their intelligence from the industry’s largest network of buyer-supplier relationships, creating a virtuous cycle of continuous learning and improvement that cannot be replicated by point solutions.Multi-Agent Architecture: Billtrust’s multi-agent AI ecosystem uses specialized agents that collaborate across financial operations, providing coordinated intelligence and actions rather than disconnected insights.Financial Domain Expertise: Billtrust has 24+ years of AR experience developing purpose-built software for finance professionals, with deep domain expertise embedded in every interaction, recommendation, and autonomous workflow.

Multi-Agent Architecture Supported by Unparalleled Data Access and AR Experience

With finance professionals seeking holistic visibility into their AR processes to maximize cash flow and reduce manual efforts, Billtrust introduced the next evolution of its platform, with hundreds of specialized AI agents that work together on users’ financial tasks. Instead of one AI agent performing every function, different agents handle specific tasks. These agents communicate and collaborate, making the processes more efficient and effective, especially for complex AR processes.

This multi-agent approach ensures clients receive a coordinated, intelligent response across their entire financial ecosystem. By delivering personalized recommendations and smart automation, it accelerates cash flow, reduces manual effort, and drives measurable business impact. 

The Billtrust platform is also redesigned to better leverage Billtrust’s unparalleled resource of supplier and buyer data, pulled from nearly 25 years of anonymized transactions across all areas of AR. This allows Billtrust to understand who businesses transact with and how they transact, offering clients intelligent insights and autonomous capabilities derived from the industry’s largest financial data network and coupled with deep domain expertise.

“We are excited to unveil our latest AI advancements at Billtrust Insight 2025 and show our clients the future of accounts receivable,” said Sunil Rajasekar, Billtrust CEO. “While agentic AI is an accelerant to our industry-leading AR software, it is crucial to recognize that AI is just a tool. Using it in core workflows like order-to-cash without the necessary expertise can be dangerous. There is no substitute for the insights and experience that Billtrust offers to get the most powerful outcomes.”

“By leveraging agentic AI capabilities within accounts receivable software, customers gain a significant strategic advantage in navigating the complexities and financial pressures of the evolving global economic landscape,” said Kevin Permenter, Senior Research Director, Enterprise Applications at IDC, a global market intelligence firm. “Billtrust has dedicated substantial resources to developing a powerful AI and analytics plan aimed at enabling its clients to fully leverage the vast capabilities of AI, ultimately driving favorable business results.” 

Autopilot Enables Enhanced Autonomous Capabilities

Billtrust Insight attendees witnessed the unveiling of Billtrust Autopilot, its agentic AI assistant, reflecting the platform’s enhanced autonomous capabilities and intelligent insights, while empowering financial teams to optimize cash flow, mitigate risk, and uncover strategic opportunities with ease.

Billtrust Autopilot pulls data from multiple sources to provide a unified view of AR performance. This level of integration ensures that AR teams have access to accurate and up-to-date information at all times. Whether it’s setting up custom workflows, defining KPIs, prioritizing or creating collections emails, or configuring alerts, Billtrust Autopilot can be adapted to fit the unique requirements of any organization to become an extension to their team. This flexibility ensures that businesses can better focus on strategy while maximizing the value of their AI investment and achieving their financial goals.

“Unlike generic AI tools that provide interesting but disconnected insights, Billtrust Autopilot is purpose-built for financial professionals,” said Rajasekar. “Every capability is designed to address the full spectrum of AR challenges and opportunities.”

AI-powered Collections and Credit Announced

Billtrust Insight attendees were also introduced to new agentic email capabilities within its Collections platform to streamline collections inboxes, saving time and allowing users to focus on more strategic tasks. Designed to accelerate case creation and dispute resolution, AI agents autonomously organize messages into themes including payment promises, disputes, and other common types then leverage Billtrust Autopilot to draft personalized responses.

In addition, future 2025 enhancements were announced, including Collections Optimized Procedures, coming in Q3 and Dynamic AI Credit Lines in Q4. With Optimized Procedures, AI agents will identify how and when to execute procedures to maximize on-time payments, taking the guesswork out of collections management by leveraging buyer behavior to recommend what to say, when to say it, and through which channel. With Dynamic Credit Lines, agents will offer recommendations to reduce risk and boost revenue growth with ongoing payment history analysis optimizing credit limits across all accounts.

Billtrust Insight 2025 offers a broad array of educational sessions, user groups, workshops, and customer breakouts covering best order-to-cash and B2B payments practices, industry benchmarking, and new products and initiatives.

About Billtrust
Finance leaders turn to Billtrust to get paid faster while controlling costs, accelerating cash flow and maximizing customer satisfaction. As a B2B order-to-cash software and digital payments market leader, we help the world’s leading brands move finance forward with AI-powered solutions to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments. With more than $1 trillion invoice dollars processed, Billtrust delivers business value through deep industry expertise and a culture relentlessly focused on delivering meaningful customer outcomes.

Media Contact
Paul Accardo
PR@billtrust.com

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SOURCE Billtrust

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