Sapiens to acquire Delphi Technology for $19m.

Sapiens International, a global provider of software solutions for the insurance industry, agreed to acquire Delphi Technology, a vendor of software solutions for property and casualty carriers, for $19m. "I am pleased to welcome the Delphi team as we strive to create additional value for customers. The US, where our suite of digital and cloud offerings has increased our market share, is a significant growth driver for Sapiens. The Delphi acquisition expands Sapiens' presence in the MPL market and improves our prospects in this key region. The combination of Delphi's deep knowledge base and customer portfolio – combined with Sapiens' solutions, relationships, and resources – will enhance our position as a leading solution provider in the US," Roni Al-Dor, Sapiens President and CEO.