FIS Software - which was acquired by SAPIENS on August 22, 2011 - is dedicated to developing and delivering packaged-based global insurance solutions based on ALIS, a single packaged, parameter-driven platform which manages the entire policy lifecycle of all life insurance, pensions and investment products, globally. This merger is an important step in our growth strategy to further foster our undisputed commitment to providing significant competitive advantages to our ALIS customers and to the insurance industry.