Asseco buys Stone River for $102 mln

WSE-listed IT giant Asseco’ Israeli unit Sapiens acquired US company Stone River for $102 million. Stone River specializes in solutions for the insurance sector and has 200 clients in the US. Stone River sported an estimated $80 mln in revenues in 2016. The transaction is expected to boost Sapiens’ profits as of Q3 2017, the…

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