Persistent and Sapiens DECISION Sign Teaming Agreement

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the financial services sector, announced today that Sapiens Decision Solutions, provider of an enterprise-scale decision management platform, Sapiens DECISION, has signed a teaming agreement with Persistent Systems (Persistent).

The collaboration between Persistent, a global leader in software product development and technology services for banking and financial services and other industries, and Sapiens Decisions will provide clients with a competitive advantage via decision aware application development. Persistent and Sapiens previously collaborated to achieve seamless integration between the Appian Platform, a leading application development platform, and Sapiens DECISION. This innovation was unveiled at Appian World 2015, the industry’s premiere conference on enterprise solution development.

“The teaming agreement with Persistent will create many new opportunities for both our companies, and provide value to our clients,” said Rami Doron, managing director, Sapiens DECISION.

Built upon a proven business logic framework called The Decision Model (TDM), Sapiens DECISION empowers business professionals to effectively describe, implement and manage the business decisions being made within business processes. The resulting decision logic can easily be read and understood by management, operations and IT alike, and instantly converted to high quality code that is executed by IT in any operational environment. This ensures that the logic is complete, internally consistent and accurate, and is not replicated.

About Persistent Systems
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of their customers; enterprises and software product companies with software at the core of their digital transformation. For more information, visit: http://www.persistent.com/

About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of over 1,000 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: sapiens.com.