Sapiens Announces Launch of Microsoft Based Technology Platform

TEL AVIV, Israel, August 6 /PRNewswire-FirstCall/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS) today announced that it has launched a Microsoft and .NET based technology platform for the development of enterprise software applications. The new platform has special capabilities for the insurance and finance sector, which requires the agility and dynamic properties of the Sapiens product. The first beta customers have commenced using the new platform in Japan and Sapiens estimates that the new platform will generate between $2 million and $3 million in revenues during the first year of its launch.

According to Sapiens, the cooperation with Microsoft was created due to a market demand that the Sapiens' solution be suited to Microsoft's development and information technology (IT) environment and following synchronization of the technological roadmaps of the products of each of Sapiens and Microsoft.

The new platform broadens Sapiens' existing successful product line installed at hundreds of enterprise customers on the basis of Sapiens' flagship product, Sapiens eMerge(TM). The new platform will be included in the line of products offered by Sapiens to its enterprise customers, with special focus on the financial and insurance sectors. Sapiens eMerge(TM), is a rules-based model driven development suite which enables true agility in solution development for complex mission-critical enterprises to deliver new functionality, achieve legacy modernization and enterprise application integration.

Under this initiative Sapiens provides both its innovative model driven development environment and its' Microsoft and .NET targeted application server on windows and windows server versions and integrated with Microsoft enterprise ecosystem products like SQL server 2005, system-center and biztalk server.

Oren Dror, Vice President, Enterprise partners and customers division, Microsoft Israel, said: "The cooperation between Microsoft and Sapiens will enable the most advanced technologies of these two companies to service their respective customers and will enable them to benefit from independent development capabilities, quick response time and development costs saving. The new platform will also enable IT managers of organizations to benefit from reliable solutions which directly support mission-critical enterprises."

Roni Al-dor, President and Chief Executive Officer of Sapiens said today: "The new platform represents a breakthrough in the field of guided model development and increases Sapiens' advantage in development speed and efficiency for enterprises operating in varied environments and especially organizations in the financial and insurance sectors which are highly regulated and competitive. The partnership with Microsoft is another layer in Sapiens' strategy of an open, integrative product through its work with Unified Modelling Language (UML) and integration with the Microsoft environments."

About Sapiens International

Sapiens International Corporation N.V. (Nasdaq and TASE: SPNS), a member of Formula Group (Nasdaq: FORTY and TASE: FORT), which is a member of the Emblaze Group (LSE: BLZ.L) is a leading global provider of proven IT 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. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, ING, Liverpool Victoria, Menora Mivtachim, Norwich Union, Occidental Fire & Casualty, OneBeacon, Principal Financial Group, Santam and Texas Farm Bureau among others. For more information, please visit http://www.sapiens.com.

(Any statements in this press release that may be considered forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements due to the risk factors discussed in periodic reports filed by Sapiens with the Securities and Exchange Commission, which Sapiens urges investors to consider).

     Company Contact:     Roni Giladi     Chief Financial Officer     Sapiens International     Tel: +972-8-938-2721     E-mail: [email protected]      Roni Al-Dor     Chief Executive Officer     Sapiens International     Tel: +972-8-938-2721     E-mail: [email protected]   

SOURCE Sapiens International Corporation

CONTACT: Company Contact: Roni Giladi, Chief Financial Officer, Sapiens International, Tel: +972-8-938-2721, E-mail: [email protected]. Roni Al-Dor, Chief Executive Officer, Sapiens International, Tel: +972-8-938-2721, E-mail: [email protected]