Sapiens International to acquire Tia Technology from EQT for £59m.

Sapiens International, which offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, agreed to acquire Tia Technology, a provider of a flexible software platform to insurers all over the world, from EQT, for £59m ($80m). The transaction is subject to customary closing conditions and is expected to be completed by end of this month. "We remain committed to exploring new opportunities for growth, organic as well as through mergers and acquisitions. This acquisition is in line with our strategy to expand our European market footprint, following recent acquisitions in Iberia and the DACH regions," Roni Al-Dor, Sapiens President and CEO.