Corporate Profile

Sapiens International Corporation (NASDAQ and TASE: SPNS) part of Formula Systems (NASDAQ and TASE: FORTY), is a leading global provider of innovative business solutions for the insurance industry, helping  to modernize business processes, to proactively define and provide innovative new services and to respond quickly to change.

Sapiens' innovative insurance management software is widely renowned for providing cost-effective solutions to align IT with the business demands for speed, flexibility and efficiency.  It provides the competitive insight for insurance carriers to manage all aspects of their business, client-base and policy life-cycle.

Sapiens commits over 300 employees in the United Kingdom, Americas, Israel and Japan to meet these needs for customers all across the globe.

Our vision is to become the Insurance Industry's preferred IT business solutions provider.

Our Mission is to drive customer profitability in the global insurance industry through thought-leadership and the proven delivery methodology of our innovative solutions.

Our Values

We Deliver
Delivering value to our customers is truly at the center of everything we do. Sapiens has one of the best reputations in the industry for delivering innovative and scalable solutions in a compressed time-frame that is faster than most other solution providers. We have built this reputation by making our customers our #1 priority and by leveraging our insurance industry expertise, technology heritage and proven delivery capabilities.

Sapiens delivers value to its clients through:

• Faster solution implementation for quicker ROI
• Proven delivery methods that incorporate deeper customer engagement
• Greater responsiveness to change in a faster timeframe
• Broader understanding by domain experts that understand the relevant market sectors and relevant issues
• Lower development costs and lower total cost of ownership
   

Our track record is derived from our differentiators:

• People - extensive insurance domain knowledge, deep technical expertise and project management skills that minimize project risks and focus on enterprise-specific success factors
• Technology -  award-winning, open rule-based rapid application development technology running mission-critical applications at many large insurance companies
• Methodology - a well-defined delivery methodology involving all key stakeholders from start to finish, evolved and used since Sapiens inception in 1986
• Market experience -  a clear understanding of how to leverage legacy applications with today's technology to provide a rapidly understood and validated approach to solving 21st century business issues
• Business understanding - insurance domain experience, a commitment to our clients and to the insurance industry as a whole, reflected clearly in each of our solutions
• Partnerships - Sapiens has a long (10+ years), successful history of working with select business partners to implement large, mission-critical solutions. Our relationships start at the executive level, continue through the technical level, and on to the project team level. Our partnerships are executed with a good understanding of each partner organization and its mission in order to maximize our synergy to benefit of our collective customers.

Formula Systems is part of the Emblaze Group since November 2006. The Emblaze group offers a wide range of innovative products and solutions for operators dealing with next generation services.

For more information about Formula Systems, visit www.formulasystems.com
For more information about the Emblaze Group, visit www.emblaze.com