Sapiens

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Sapiens International Corporation (NASDAQ and TASE: SPNS), a member of the Formula Group of companies, is a leading global provider of innovative business solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. The company has over 400 employees in the United Kingdom, Americas, France, Germany, Israel and Japan.Established in 1982, Sapiens today is a $48M global organization. The company's core technology (Sapiens eMerge™) is a rules-based application development suite, which enables rapid solution development for complex mission-critical enterprises. Sapiens insurance solutions are built on eMerge, this includes Sapiens INSIGHT™, a set of scalable insurance applications for leading organizations such as AXA, AVIVA, Liverpool Victoria, OneBeacon, Assurant, Principal Financial Group, Lloyds TSB, Prudential, and the Surplus Line Association of California. Sapiens has also evolved its service offerings to include a strategy-based discovery and analysis blueprint that helps improve the IT impact on a customers business objectives.Our Mission is to drive customer profitability in the global insurance industry through thought-leadership and the proven delivery methodology of our innovative solutions

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