Insurance IT provider Sapiens merges with aim to reach $100m revenues
Sapiens International Corporation, a global provider of innovative software solutions for the insurance industry, has signed a definitive agreement to acquire FIS Software and IDIT I.D.I. Technologies, both providers of software solutions for the insurance industry.
The merged company expects to achieve revenues of $100m in 2012. The merged company is also expected to expand its market reach and global presence with the addition of dozens of insurance customers
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