Delphix is a software appliance that provides database virtualization. It allows organizations to provision multiple virtual copies of a source database across different environments like development, testing, and QA. Delphix takes upfront and incremental snapshots of the source database, compresses and stores the data, and provisions virtual databases by mapping the blocks onto target systems. This eliminates redundant storage of database data and improves performance as the virtual databases can share cached blocks. Delphix also enables provisioning databases from different points in time through its "TimeFlow" feature to support activities like testing releases and bug fixes.