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Acquisition is the latest step in Sapiens' journey to offer the U.S. insurance market a modern, modular, fully integrated property and casualty insurance platform

Holon, Israel – February 7, 2018 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that it has entered into a definitive agreement to acquire Adaptik. This acquisition will enable Sapiens to provide North American property and casualty (P&C) carriers with an enhanced platform, which will improve Sapiens’ competitive position and enable it to increase its market share in the North American insurance market.

Pennsylvania-based firm Adaptik offers P&C insurers policy administration and billing...

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