Sapiens Renews Client Contract for 5 Years

CARY, North Carolina, December 12, 2013 /PRNewswire/ --

Sapiens International Corporation, (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, announced today the renewal of maintenance and services agreement with one of its technology clients for additional five years, with a contract valued at $2 million.

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Tomer Srulevich, EVP, Sales and Operations at Sapiens NA, commented: "I am delighted to be renewing our support and services contract for the next 5 years. It is testimony to the value and long term partnership approach we bring to our clients, as well as the strong vote of confidence in both our software and our support team."

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. We offer core, end-to-end solutions for the general insurance, property & casualty, life, pension and annuities markets, and business decision management software, globally. We have a track record of over 30 years in delivering superior software solutions to more than 100 financial services organizations. Our team of more than 900 professionals operates through our 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:

James Carbonara, Regional Vice President
Hayden IR
Office: +1-646-755-7412
e-Mail: [email protected]

Moshe Shamir, VP Marketing
Sapiens International
Tel: +972-3-7902032
e-Mail: [email protected]

SOURCE Sapiens International Corporation N.V.