SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF SEPTEMBER 2002
SAPIENS INTERNATIONAL CORPORATION N.V.
(translation of registrant's name into English)
C/O LANDHUIS JOONCHI
KAYA RICHARD J. BEAUJON Z/N
P.O. BOX 837
WILLEMSTAD
CURACAO, NETHERLANDS ANTILLES
(599) (9) 7366277
(address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F]
Form 20-F X Form 40-F
--- ---
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of
1934]
Yes No X
--- ---
[Logo Omitted]
SAPIENS INTERNATIONAL LAUNCHES NORTH AMERICAN
INSURANCE SOLUTIONS PRACTICE
-- JUDY JOHNSON JOINS COMPANY TO SPEARHEAD NEW GROUP --
RESEARCH TRIANGLE PARK, N.C, SEPTEMBER 26, 2002 -- Sapiens International
Corporation N.V. (NASDAQ: SPNS), today announced the launch of its North
American Insurance Solutions Practice to better service the increasing business
and technology needs of the insurance sector.
The practice will focus on fulfilling the business process demands of the
Property & Casualty and Life insurance markets by providing modular, web-enabled
business solutions that help align IT systems to improve operational performance
and effectiveness.
Sapiens is building on its 15 years of experience providing technology solutions
to the global insurance market with over 50 customers worldwide. Sapiens
launched a Financial Services Practice in the UK in 2001 and is already working
with seven out of the top ten insurers in the market. The practice will also
enhance the Company's global approach for multinational insurers.
The Company is building the "Sapiens Insight" family of solutions that will
address, among other areas, the policy and claims administration needs as well
as the dynamic channel integration challenges of the insurance industry.
"Many insurance companies are discovering that their current information
technology constrains their ability to compete and to respond to rapidly
changing market conditions," said Itzick Sharir, Sapiens President and Chief
Executive Officer. "We are dedicated to using our proven solutions and full
delivery capabilities to help these organizations evolve their business
processes."
Judy Johnson, who recently joined Sapiens Americas as Vice President of
Insurance Strategy, will lead the Sapiens Americas Insurance Solutions Practice.
She will be responsible for spearheading the launch of insurance solutions and
managing the strategic direction of the practice.
Johnson has over 20 years of business, technology and management experience in
the insurance and financial services industries. Prior to joining Sapiens
Americas, Johnson served as Vice President of Insurance Information Strategies
at META Group and has held senior consulting and information systems management
positions at MetLife, AIG, Swiss Re- and American Re-Insurance Company.
"It is imperative that insurance companies recognize the need to keep pace with
the speed of business as dictated by the broader financial services industry,"
explained Johnson. "This will be the key competitive advantage for insurers as
convergence takes hold of the industry. My vision for the practice is to offer
solutions that help insurers quickly evolve their organizations to meet this
challenge."
PAGE 2
Johnson will work closely with Larry Goldberg, Senior Vice President, Sapiens
Americas and Raj Vaswani, Director of Insurance Solutions. Other members of the
Insurance Practice will support this leadership trio in the areas of solution
development, sales, marketing, alliances and technical architecture.
ABOUT SAPIENS
Sapiens International Corporation (NASDAQ: SPNS) is a leading global provider of
proven IT solutions that modernize business processes and enable insurance
organizations and other leading companies to adapt quickly to change. Sapiens'
modular solutions are widely recognized for their ability to cost-effectively
align IT with the business demands for speed, flexibility and efficiency. The
Company has partnerships with market leaders such as IBM and EDS and its clients
include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial,
Prudential, New Jersey Manufacturers, Abbey National, Honda, International
Paper, Panasonic UK among others. For more information, please visit
www.sapiens.com.
# # #
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 and other risk factors detailed in the Company's
SEC filings.
----------------------------------------------------
FOR ADDITIONAL INFORMATION
----------------------------------------------------
Rebecca Green
Padilla Speer Beardsley
Tel: +1-212-752-8338
e-Mail: rgreen@psbpr.com
----------------------------------------------------
[Logo Omitted] FOR IMMEDIATE RELEASE
---------------------
SAPIENS BECOMES IBM PREMIER SOFTWARE PARTNER
-- TO PROVIDE TECHNOLOGY SOLUTIONS FOR INSURANCE SECTOR --
RESEARCH TRIANGLE PARK, N.C, SEPTEMBER 4, 2002 -- Sapiens International
Corporation N.V. (NASDAQ: SPNS), a leading Global IT solution provider, today
announced it has attained Premier Partner status for IBM's PartnerWorld for
Software. The relationship provides Sapiens training and marketing support for
leading IBM solutions, such as WebSphere*, WebSphere MQ*, DB2* and Tivoli*,
strengthening its eMerge-based insurance solutions offering.
To achieve Premier Partner status with IBM, Sapiens successfully completed a
series of intensive training, examinations and certifications for its sales,
solution architects, technical and executive staff. The relationship illustrates
Sapiens' proficiency to build solutions using IBM technology that delivers
additional ROI to clients. This also demonstrates Sapiens ability to resell IBM
solutions, meet rigid client satisfaction regulations and meet or exceed IBM's
high standards.
"We aggressively pursued `Premier Partner' status with IBM because we are
committed to WebSphere as the preferred e-business platform," said Itzick
Sharir, President and CEO of Sapiens International Corp. "Premier status will
further enable Sapiens to be at the forefront of WebSphere-based insurance
offerings, allowing us to provide advanced, cost-effective solutions to our
customers."
Additionally, with Premier Partner status, Sapiens will have extended access to
IBM software solutions for testing and development, technical mentoring, and
critical fast track implementation support.
ABOUT SAPIENS
Sapiens International Corporation (NASDAQ: SPNS) is a leading global provider of
proven IT solutions that modernize business processes and enable insurance
organizations and other leading companies to adapt quickly to change. Sapiens'
modular solutions are widely recognized for their ability to cost-effectively
align IT with the business demands for speed, flexibility and efficiency. The
Company has partnerships with market leaders such as IBM and EDS and its clients
include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial,
Prudential, New Jersey Manufacturers, Abbey National, Honda, International
Paper, Panasonic UK among others. For more information, please visit
www.sapiens.com.
# # #
----------------------------------------------------
FOR ADDITIONAL INFORMATION
----------------------------------------------------
Rebecca Green
Padilla Speer Beardsley
Tel: +1-212-752-8338
e-Mail: rgreen@psbpr.com
----------------------------------------------------
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 and other risk factors detailed in the Company's
SEC filings.
* Indicates a trademark or registered trademark of International Business
Machines
# # #
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SAPIENS INTERNATIONAL CORPORATION N.V.
(Registrant)
Date: October 1st, 2002 By:
-------------------------
Steve Kronengold
General Counsel