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Last updated on April 20, 2014 at 8:28 EDT

Sapiens North America Appoints New Head of Professional Services for Life & Annuities

November 5, 2012

ROCHELLE PARK, New Jersey, November 5, 2012 /PRNewswire/ –

Sapiens International Corporation [http://www.sapiens.com/home.html ], (NASDAQ and
TASE: SPNS), a global provider of innovative insurance software solutions, announced today
that Hagit Ashkenazi has joined Sapiens to head up its North America Life & Annuities
[http://www.sapiens.com/life-insurance-software.htm ] (L&A) Insurance Professional
Services operation.

(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )

Ms. Ashkenazi brings to Sapiens a wealth of experience in managing large professional
services organizations, serving a wide range of clients in the financial services sector.
From the Sapiens newly constructed offices in Rochelle Park, New Jersey, Hagit will be
supporting the Sapiens strategy to build a center of excellence to meet the growth needs
of the company’s North America L&A Insurance business and to provide the best in services
to Sapiens ALIS clients.

“We are pleased to have Hagit join our growing North American team. Hagit’s impact and
positive contributions to our business are already being felt throughout the organization
and among our clients,” said Ron Karam, President Sapiens North America Insurance
Division. “Under Hagit’s leadership, Sapiens will continue to make significant investment
to build a robust and scalable North American professional services organization with the
primary objective of delivering outstanding service to our ALIS clients.”

“With the growing demand of Sapiens ALIS and the fast growing client base, we continue
to invest to secure the success of our clients today and in the future,” commented Roni
Al-Dor, Sapiens President and CEO. “Hagit’s experience in large, mission critical projects
is the ideal skill set needed to continue to enable us to deliver on our ongoing
commitment to our current and future clients in the North American Life & Annuity market.”

About Sapiens International

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the insurance industry. We offer end-to-end solutions
for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 100
financial services customers, backed by a team of over 750 insurance experts, operating
through fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia
Pacific.

Except for historical information contained herein, the matters set forth in this
release are forward-looking statements that are dependent on certain risks and
uncertainties, including such factors, among others, as market acceptance, market demand,
pricing, changing regulatory environment, changing economic conditions, risks in new
product and service development, the effect of the Company’s accounting policies, specific
system configurations and software needs of individual customers and other risk factors
detailed in the Company’s SEC filings.

        Contact:

        Osnat Segev-Harel, CMO
        Sapiens International
        Tel: +972-8-938-2721
        Email: osnat.se@sapiens.com


    Photo: 

http://photos.prnewswire.com/prnh/20120508/531104

SOURCE Sapiens International Corporation


Source: PR Newswire