Sapiens selected by Vision Super in Australia

Sapiens International Corporation N.V (Nasdaq:SPNS) (TASE: SPNS), a provider of software solutions for the insurance industry and a member of the Formula Group (Nasdaq:FORTY), has been selected by Vision Super, an Australian superannuation fund, to deliver its core administration platform on a Windows server environment. Financial details were not disclosed.

Under the project, which is scheduled go live by end of 2010 in conjunction with a local distributor, Sapiens will help Vision Super port its administration system on to a Windows server environment.

This is expected to result in a dramatic reduction on the overall cost of ownership.

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