Latest news with #Sapiens'
Yahoo
15-05-2025
- Business
- Yahoo
Sapiens Hosts Global Client Conference in Vienna, Empowering Insurers to Lead Market Change
Event brings insurance leaders together to share strategies for growth, agility, and business impact ROCHELLE PARK, N.J., May 15, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its annual International Client Conference was held this week from May 12–14, 2025, in Vienna, Austria. The event brought together insurance customers, prospects, and partners from around the world for three days dedicated to business strategy, technology innovation, and peer-to-peer collaboration. This year's conference, themed Compose Your Future, reflected Sapiens' ongoing commitment to equipping insurers with the tools and insights needed to lead in a fast-changing market. Set against Vienna's cultural richness, the event offered a compelling platform for insurers to explore practical ways to drive operational efficiency, improve customer experiences, and position their businesses for long-term growth. The agenda included plenary sessions addressing market trends, strategic product roadmaps, and real-world success stories from insurance organizations leveraging SaaS, cloud, and AI-driven initiatives to increase business agility. The event featured an outstanding lineup of industry leaders, including Patrice Amann of Microsoft, Nicolas Michellod and Craig Beattie of Celent, Lorenzo Chan Jr of Pioneer Group, Itay Talgam, internationally acclaimed conductor and leadership expert, and Anders Indset, Norwegian philosopher and deep-tech investor. Conference attendees had opportunities to engage in deep-dive sessions tailored to Property & Casualty, Reinsurance, and Life & Pensions markets. These sessions focused on actionable strategies for embracing modern core systems, enhancing risk management, and capitalizing on emerging technologies to better serve policyholders and stakeholders alike. "Our annual client conference is more than a showcase of technology; it's about business outcomes," said Yaffa Cohen-Ifrah, Sapiens CMO and Head of Investor Relations. "We are focused on helping our customers navigate industry shifts, drive measurable improvements, and seize new opportunities. This event is an important forum for sharing ideas and forging partnerships that fuel business success." Networking was a key element of the conference experience, with formal and informal opportunities to connect, share insights, and build lasting professional relationships. Evening events, including a gala dinner at Vienna's historic Palais Ferstel, provided the perfect setting for collaboration and celebration. The conference also spotlighted technology partners and sponsors, including Microsoft, FRISS, Swiss Re, K2view, and Cognizant, whose solutions complement and enhance Sapiens' offerings by helping insurers improve data management, accelerate digital transformation, and streamline business processes. ABOUT SAPIENS Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our Saas-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit or follow us on LinkedIn. Investor and Media Contact:Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: Logo: View original content: SOURCE Sapiens International Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Global Insurance Leader Selected Sapiens to Innovate Operations
First London Market Insurer to Leverage Sapiens' Innovative SaaS Solution with LORS & USM Messaging ROCHELLE PARK, N.J., May 13, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a European based global insurer has selected Sapiens ReinsuranceMaster and Sapiens DataSuite end-to-end SaaS solution to modernise its operations in the highly specialised London Market. This marks a significant milestone for the insurer as it becomes the first London Market insurer to utilise Sapiens' innovative Lloyd's Outward Reinsurance Scheme (LORS) and Underwriting Support Message (USM) features of Sapiens ReinsuranceMaster. The implementation of Sapiens' solution will replace the insurer's legacy systems, streamline processes, and enhance operational efficiency, helping the company maintain its leadership in the competitive insurance market. The collaboration underscores Sapiens' commitment to serving the unique needs of the London Market, the world's leading hub for specialty insurance and reinsurance. Sapiens ReinsuranceMaster offers the depth of functionality and capabilities needed to modernise operations, improve efficiency, and better serve their clients with an integrated platform. This partnership with Sapiens delivers long-term value and drives measurable impact. "We are proud to support our client in their reinsurance business management and accounting processes and to ensure they remain at the forefront of innovation and customer service," said Roni Al-Dor, President and CEO of Sapiens. "The partnership exemplifies Sapiens' ability to deliver cutting-edge solutions for the world's most sophisticated insurance markets, setting a new standard for other specialty insurers and syndicates in the London Market." Sapiens ReinsuranceMaster is a comprehensive solution for superior management of large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage. Sapiens DataSuite is a data management solution that empowers insurers to produce actionable insights and maximize the value of their data resulting in smarter decision making. DataSuite is a modular, highly innovative, business intelligence solution designed specifically for insurance markets. About Sapiens Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our Saas-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit or follow us on LinkedIn. Investor and Media Contact: Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: Forward Looking Statements Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. Logo: View original content: Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Sapiens enters deal to acquire insurtech company AdvantageGo
Sapiens International Corporation, an Israel-headquartered insurtech company, has agreed to acquire AdvantageGo, a commercial insurance software provider. The acquisition, valued at $61.73m (NIS223.24m), is set to strengthen Sapiens' proposition in the global property and casualty (P&C) insurance market, particularly in underwriting workbench solutions. Upon completion, which is anticipated in the coming weeks, Sapiens will fully own AdvantageGo. This move is in line with Sapiens' goal to expand its reach into the London Specialty Market and bolster its reinsurance market support. AdvantageGo's underwriting workbench will integrate with Sapiens P&C Platform, enhancing underwriting capabilities across Europe, the Middle East and Africa, Asia-Pacific (APAC) and North America for specialty and commercial lines. Sapiens President and CEO Roni Al-Dor said: 'Sapiens' growth strategy includes targeted acquisitions that accelerate our business. The acquisition of AdvantageGo aligns with our mission, and expands our portfolio with complementary solutions, extends our global footprint and deepens our talent pool. 'We are excited to welcome AdvantageGo's team and loyal customers to Sapiens. We remain committed to investing in AdvantageGo's products, ensuring continuity, innovation and long-term value for their customer base.' AdvantageGo registered a £9m ($12.07m) loss and revenues of £15m in 2024. Sapiens expects AdvantageGo to report 'double-digit' growth in 2026 and be 'accretive' to its profit from 2027. AdvantageGo global business leader Ian Summers said: 'Joining Sapiens means becoming part of a leading global product organisation that will amplify our capabilities and enhance our solutions, creating greater opportunities for our clients and team. We look forward to integrating our products into Sapiens Insurance Platform to deliver a seamless and powerful offering for the European and North American markets.' Recently, Sapiens also signed an agreement to acquire Candela, an intelligent automation service provider to insurance operators in APAC. "Sapiens enters deal to acquire insurtech company AdvantageGo " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Sapiens to buy automation service provider Candela
Israel-headquartered insurtech company Sapiens International has agreed to acquire Candela, an intelligent automation service provider to insurance companies in the Asia-Pacific (APAC) region, for $22m (NIS80.83m) in cash. This move is intended to augment Sapiens' life insurance product suite and extend its market reach in APAC. The deal is due to be finalised in the second quarter of 2025 (Q2 2025), contingent on the fulfilment of standard closing conditions. Upon deal completion, Candela will be fully owned by Sapiens. The acquisition is projected to be profit accretive for Sapiens from Q4 2025. Candela generated non-GAAP revenues of $8m (Rs884.03m) in 2024. The company's product offering, which encompasses an end-to-end insurance automation platform, digital services and solutions, serves 23 clients, mainly across Singapore, Malaysia, Thailand, Hong Kong and South Africa. The company's workforce, which exceeds 100 employees, is predominantly located in Bangalore, India. Currently, Candela operates as a part of Azentio, a company headquartered in Singapore. The acquisition will see Candela's business process modelling and case management tools incorporated into the Sapiens insurance platform, with a focus on life insurance. This integration is expected to enable Sapiens to replace external legacy systems with standardised processes. Sapiens CEO and president Roni Al-Dor said: 'I am pleased to welcome the Candela team and customers as part of our strategy to continue to expand our presence in the APAC region and enhance our sophisticated life insurance platform. We will continue to support Candela's customers and products, increasing value across the entire insurance life cycle and supporting insurers' digital transformations with a comprehensive product proposition and a diverse range of service capabilities.' Candela business head Amitabh Poddar stated: 'Joining the Sapiens organisation opens up a wealth of resources and a global network of relationships for the Candela team and our clients. Integrating our intelligent automation solutions into Sapiens' leading insurance software platform will enhance our capabilities and provide even greater value to our customers. We are committed to ensuring a smooth transition and maintaining uninterrupted service for all our clients.' In February, Sapiens released an updated version of its automated underwriting and new business case management system targeted at life and annuities insurers. "Sapiens to buy automation service provider Candela " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Sapiens Acquires Candela to Expand its Footprint in APAC and Enhance its Life Product Portfolio
A Strategic Move to Strengthen Sapiens' Position in the APAC Market and Strengthen our Life Position Globally ROCHELLE PARK, N.J., April 22, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent insurance software solutions today announced the acquisition of Candela, a leading intelligent automation company servicing blue-chip, APAC-based insurance clients. This strategic move aims to enhance Sapiens' life product portfolio and expand its presence in the APAC region. The transaction is subject to customary closing conditions and expected to close during the second quarter of 2025. Candela offers an end-to-end insurance automation platform along with digital services and solutions. Candela has 23 customers, primarily in Singapore, Malaysia, Thailand, Hong Kong and South Africa. The Candela team of over 100 employees is mainly in Bangalore, India. Candela is currently part of Azentio, a Singapore-based company. With nearly 30 years of deep industry expertise, Candela is well-positioned to support Sapiens' vision and strategy for growth in the APAC market in addition to providing innovative new capabilities to Sapiens global customers. Candela's solutions are complementary to Sapiens Insurance Platform and Policy Administration Systems for Life. By leveraging Candela's Business Process Modelling (BPM) and Case Management capabilities, Sapiens aims to enhance its Insurance Platform for life offerings. This acquisition also enables the implementation of standardized processes over external legacy solutions, ensuring a consistent and enhanced experience for agents, customers, and administrators. "I am pleased to welcome the Candela team and customers as part of our strategy to continue to expand our presence in the APAC region and enhance our sophisticated life insurance platform" said Roni Al-Dor, CEO and President at Sapiens. "We will continue to support Candela's customers and products, increasing value across the entire insurance lifecycle and supporting insurers' digital transformations with a comprehensive product proposition and a diverse range of service capabilities." "Joining the Sapiens organization opens up a wealth of resources and a global network of relationships for the Candela team and our clients," said Amitabh Poddar, Business Head, Candela. "Integrating our intelligent automation solutions into Sapiens' leading insurance software platform will enhance our capabilities and provide even greater value to our customers. We are committed to ensuring a smooth transition and maintaining uninterrupted service for all our clients." The acquisition of Candela is structured as a cash transaction. Candela non-GAAP full year 2024 revenues were $8 million USD. Sapiens will pay an aggregate cash consideration of $22 Million dollar. The acquisition will be accretive to profit starting from the fourth quarter of 2025. The transaction is expected to be completed during the second quarter of 2025. Upon completion, Candela will become wholly owned by Sapiens. About Sapiens Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit or follow us on LinkedIn. About Candela Candela Labs is an IP-led technology focused on smart automation and digital solutions for insurers. We work on the cutting edge of InsureTech/FinTech, creating products and point solutions in our IP Labs that enable our clients to truly transform themselves for enriched digital adoption, enhanced customer & channel experience and exceptional operational efficiency. About Azentio Azentio Software incorporated in 2020 at Singapore, has been carved out of 3i Infotech, Candela Labs, Beyontec Technologies and Path Solutions. Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals. Azentio has over 800 customers in more than 60 countries, with a team of over 2,300 employees across offices in 12 countries (and growing) globally and is wholly owned by Funds advised by Apax Partners. Visit: Investor and Media Contact Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor RelationsEmail: Forward Looking Statements Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2024, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. Logo: View original content: SOURCE Sapiens International Corporation
