Sapiens International Corporation, a global provider of software solutions for the insurance industry, has entered into a definitive agreement to acquire Delphi Technology Inc. (Delphi), a Boston, Mass.-headquartered vendor of software solutions for property and casualty carriers with a focus on the medical professional liability (MPL)/healthcare professional liability (HCPL) markets.
Delphi, founded in 1989, has more than 100 employees and approximately 40 insurance customers. The company offers core products for MPL, including policy administration, claims management and financial and risk management.
Sapiens will continue to support Delphi’s products and customers, who can now benefit from a variety of complimentary products and services. In addition, Sapiens will leverage Delphi’s expertise to further enhance its CoreSuite for property and casualty to provide a holistic, multi-line, comprehensive solution to the MPL market, according to a company press release. The acquisition’s primary goal is expanding Sapiens’ presence in the MPL market, the release stated.
Source: Sapiens International Corporation
Topics Mergers & Acquisitions Tech
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