Sapiens International Corp., an insurance software provider, has signed a definitive agreement to acquire IBEXI Solutions Private Limited, a provider of insurance business and technology solutions based in India. The deal is expected to close in the second quarter of 2015.
IBEXI services 18 insurers in the P&C, and life, pension and annuities markets. IBEXI has been selling the Sapiens IDIT Software Suite for seven years and offering support for its customer base. IBEXI also offers IT business consulting services and offers its own business intelligence portal products to insurers, the companies said.
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