Coforge, as part of a recent strategic review and corporate restructuring announced the divestment of Coforge Advantage Go.
Coforge U.K., a wholly owned subsidiary of the company has agreed to enter into a share purchase agreement with Sapiens UK for sale and transfer of entirety of shareholding held by it in Coforge Advantage Go, subject to completion obligations.
Sapiens will pay a base consideration of GBP 43,000,000 for the transaction which is expected to be completed in 4-6 weeks.
AdvantageGo is a leading product provider in Commercial and Specialty space with a dominant market position in Lloyd's Syndicate Market. AdvantageGo has been in business for 30+ years and has served several marquee insurers over the years.