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Sapiens Acquires KPI, Owner of “The Decision Model” Patent and a Leading Decision Management Consultancy Firm

July 30, 2014

Post-acquisition, Sapiens will offer a holistic, end-to-end decision management solution

HOLON, Israel, July 30, 2014 /PRNewswire/ –

Sapiens International Corporation [http://www.sapiens.com ], (NASDAQ and TASE: SPNS),
a leading global provider of software solutions for the insurance industry, with an
emerging focus on the broader financial services sector, today announced it has acquired
Knowledge Partners International (KPI), a pioneer and recognized leader in decision
management consultancy, services and training.

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

Sapiens’ strategic investment in KPI reflects the company’s recognition that the
discipline of decision management is rapidly gaining adoption across the financial
services industry. Effective decision management enables enterprises to greatly improve
strategic agility, operational effectiveness, efficiency and compliance with regulatory
and corporate policy. KPI’s domain expertise, together with its patent rights to The
Decision Model [http://www.kpiusa.com/index.php/The-Decision-Model/the-decision-model.html
], will enable Sapiens to enhance the Sapiens DECISION solution, resulting in an
end-to-end enterprise offering that is unmatched in the industry.

Gathering technology, consultancy and training services under a common corporate
umbrella will allow Sapiens to define, increase awareness of, and grow the decision
management market – establishing Sapiens as a leading solution provider in the enterprise
decision management space. The expertise and experience of KPI founders and managing
partners, Larry Goldberg and Barbara von Halle – recognized pioneers and experts in
decision management, co-developers of The Decision Model and co-authors of The Decision
Model: A Business Logic Framework Linking Business and Technology
[http://www.amazon.com/Decision-Model-Business-Framework-Technology/dp/1420082817/ref=sr_1_1?ie=UTF8&s=books&qid=1248466641&sr=8-1 ]
- combined with Sapiens’ proven ability to
develop and deploy enterprise-scale technology solutions, will position Sapiens as a
decision management innovator ready to expand its portfolio of top tier financial services
companies in this fast-growing field.

“We have enjoyed a long and successful working relationship with KPI, and we came to
realize that by bringing our two organizations together we could really shake up,
redefine, grow and lead the enterprise decision management market,” said Rami Doron,
Sapiens’ managing director, DECISION. “Our plan is to make the best use of the tremendous
value KPI brings to Sapiens by leveraging and integrating every aspect of the KPI business
into our decision management practice.”

The Sapiens decision management technology portfolio now includes:

        - Sapiens DECISION [http://www.sapiens.com/bdms.htm ], an enterprise-scale
          decision management technology designed and developed using The Decision Model as its
          foundation
        - KPI's STEP and QuickSTEP consulting programs, which integrate Agile methods of
          business process modeling, decision modeling and business rule mining into a
          comprehensive business requirements management approach
        - An established and highly-respected consulting and educational practice to
          offer training, knowledge transfer, mentorship and certification to support
          enterprises in developing their own centers of excellence in Agile decision, process
          and requirements management

Larry Goldberg, Managing Partner of KPI, said: “Our partnership with Sapiens enabled
us to bring the full benefit of decision management to many leading global organizations.
Barbara and I believe that tightly integrating KPI’s Agile methods and innovative thinking
with Sapiens’ peerless technology skills will increase the global rate of adoption of
decision management, bringing great value to enterprises, their customers and
stakeholders.”

“Acquisitions of high quality and innovative organizations, such as KPI, are key to
our success. The KPI acquisition will not impact this year’s financial results, but we
expect to gain momentum in the market starting next year,” said Roni Al-Dor, president and
CEO of Sapiens International. “We want to identify and take full advantage of new
opportunities in the insurance and financial services markets, such as enterprise decision
management, so we can provide added value that will help organizations streamline their
businesses.”

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 more than 900 professionals operates through
our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
For more information: http://www.sapiens.com.

Some of the statements in this press release may constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E
of the Securities and Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as “will,” “expects,” “believes” and similar
expressions are used to identify these forward-looking statements (although not all
forward-looking statements include such words). These forward-looking statements, which
may include, without limitation, projections regarding our future performance and
financial condition, are made on the basis of management’s current views and assumptions
with respect to future events. Any forward-looking statement is not a guarantee of future
performance and actual results could differ materially from those contained in the
forward-looking statement. These statements speak only as of the date they were made, and
we undertake no obligation to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise. We operate in a changing
environment. New risks emerge from time to time and it is not possible for us to predict
all risks that may affect us. For more information regarding these risks and uncertainties
as well as certain additional risks that we face, you should refer to the Risk Factors
detailed in Item 3 of Part III of our Annual Report on Form 20-F for the year ended
December 31, 2013 and subsequent reports and registration statements filed from time to
time with the Securities and Exchange Commission.

        Contact:
        Yaffa Cohen-Ifrah
        VP Corporate Marketing and Communications
        Sapiens International
        Phone: +972-3-790-2026
        Email: yaffa.cohen-ifrah@sapiens.com


    Photo: 

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

SOURCE Sapiens International Corporation


Source: PR Newswire



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