MPS Completes Major IDITSuite Upgrade with Sapiens

Core Insights - Sapiens International Corporation has successfully upgraded Medical Protection Society (MPS) to a new version of IDITSuite, enhancing its core suite by six versions, which provides future-proof architecture and extended lifecycle support [1][2] Company Overview - Medical Protection Society is a leading member-owned, not-for-profit organization for healthcare professionals, supporting nearly 300,000 members globally since its founding in 1892 [3] - Sapiens International Corporation specializes in intelligent SaaS-based software solutions, serving over 600 customers in more than 30 countries, and is recognized for its innovative offerings in the insurance industry [3] Project Details - The upgrade project was completed on time, within budget, and with high quality, emphasizing a strong collaboration between MPS and Sapiens [2] - Key benefits of the upgrade include improved member experience, faster response to industry developments, and reduced total cost of ownership [2] Technical Enhancements - The new version of IDITSuite features future-proof architecture, extended lifecycle support, enhanced functionality, improved performance, and reinforced security protocols [4] - The solution is AI-powered and supports various insurance processes, including customer acquisition, billing, finance, claims, and renewals [2][4] Financial Context - On August 12, 2025, Sapiens announced a definitive agreement to be acquired by Advent for $43.50 per common share, valuing the company at approximately $2.5 billion [5]