Asseco buys Stone River for $102 mln
22:12
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 company's market filing said.
