Reginal Thomas
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Francisco Partners In Talks To Buy Israeli Technology Firm Sapiens


Francisco Partners, a private equity fund based in the U.S., is currently in talks to buy a controlling stake in Sapiens; a Israeli software firm. A possible deal could value the tech firm at more than $450 million. Formula Systems another Israeli tech company announced it would sell its 47.7% stake in Sapiens to Francisco Partners for $10 a share, which is a 30% premium on its closing price on Monday. Sapiens makes software mostly for the insurance industry.