Sapiens International Corporation, a provider of insurancesoftware solutions, has acquired Harcase Software, a provider ofsoftware solutions to the North American insurance industry.

The acquisition brings together Harcase's RapidSure policyadministration solution for property/casualty carriers and Sapiens'experience, expertise, and proven track record in the insuranceindustry. Harcase recently merged with Octello, an enterprisesoftware and professional services provider.

The Harcase acquisition is part of Sapiens' strategy to expandits market share in the insurance software industry. Focusing onestablishing a stronger footprint in the North American market,Sapiens' goal is to become a global market leader, deliveringhigh-value, high-quality insurance software solutions.

"This acquisition is a good marriage of Sapiens' longtimepresence in the U.S. market and the thoroughly modern RapidSuresolution," says Chad Hersh, a principal at analyst firm Novarica."As a fully modern solution with robust functionality, support foropen standards, and a service-oriented approach, RapidSure shouldhelp provide numerous benefits to carriers, including improvedspeed to market and lower total cost of ownership."

The RapidSure suite supports commercial, personal, and specialtyline products. Leveraging component-based service-orientedarchitectures, RapidSure allows carriers to progressively remodeltheir IT enterprise architecture. The suite includes a policyadministration system with a product configuration system thatspeeds time to market for new products and a point-of-sale portalto support multiple distribution channels and collaboration.

"We are very pleased to welcome the Harcase team that joinsSapiens today," says Roni Al-dor, CEO of Sapiens. "This is animportant acquisition for Sapiens. This transaction is aligned withour long-term strategy in the insurance market to make Sapiens ahousehold name and the vendor of choice among insurance carriers.We expect Harcase to provide us with the platform to strengthen ourposition in North America and in the property/casualty segmentglobally and contribute to our revenue growth."

"The combination of Sapiens' and Harcase's resources, products,and experience enables us to deliver a powerful value propositionto insurance carriers," says Dan Sobotincic, founder, president,and CEO of Harcase, who now will head Sapiens P&C insurancedivision. "I strongly believe the synergies between the twoorganizations will significantly expand the market footprint forthe RapidSure suite as well as the Sapiens name. We will continueour development efforts to remain at the technological forefront ofthe insurance software industry.