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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 November 1999
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
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[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
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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: December 1, 1999 By: /s/ Steve Kronengold
-------------------------------
Steve Kronengold
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[LOGO]
FOR ADDITIONAL INFORMATION
Lauri Hanover John W. Heilshorn, Jr./Jody Burfening
Chief Financial Officer Lippert/Heilshorn &
Sapiens International Associates Inc.
Tel: +1-877-554-2426 Tel: +1-212- 838-3777
E-mail: [email protected] E-mail: [email protected]
SAPIENS LAUNCHES SAPIENS eMERGE(TM) E-BUSINESS SOLUTION
Sapiens eMerge(Trademark) brings brick-and-mortar companies
to the world of e-business
Research Triangle Park, N.C., November 29, 1999--Sapiens International
Corporation N.V. (NASDAQ: SPNS) today launched its comprehensive e-business
solution, eMerge. This solution enables "brick-and-mortar" companies to rapidly
leverage their IT assets for dynamic e-business applications.
eMerge enables organizations to leverage their existing IT assets and to
integrate them seamlessly into evolving Internet-based e-business. The solution
is based on Sapiens' proven set of technologies, methodologies and professional
services. These capabilities ensure that Sapiens' solution is delivered with
the speed and flexibility demanded by the fast-paced e-business world.
eMerge is an end-to-end solution: from business analysis and specification of
requirements to technical implementation, integration and project management
services. eMerge methodologies ensure that technical specifications completely
match business requirements resulting in implementation of e-business systems
in record time. eMerge provides rule-based technology that enables the building
of the new functionality needed for e-business processes and the seamless
integration of these processes with existing operational systems.
"We add real business value by ensuring that the new e-business systems are an
integral part of the organization's current IT infrastructure. This enables
organizations to leverage their existing investments in information systems.
Businesses are far more customer-oriented when they rapidly provide efficient
on-line services that are linked seamlessly with their operational
infrastructure," said Ron Zuckerman, Chief Executive Officer of Sapiens
International. "We are extremely encouraged by the initial feedback to Sapiens
eMerge received from both prospective customers and industry analysts."
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Page 2
About Sapiens eMerge(Trademark)
Sapiens eMerge is a comprehensive approach to e-business enablement. "We can
rapidly add new business processes to existing operational systems using our
business rules technology," said Shai Sole, Sapiens' Chief Technology Officer.
"Based on our extensive experience in reengineering large-scale systems, we
incrementally reengineer existing operational systems using our eRAD
methodology. Our non-intrusive legacy integration technology means 'business as
usual' for our clients during the transition period to e-business."
Sapiens eMerge eRAD methodology features
o Actively involves the business users throughout the process of transition
to and expansion of e-business
o Organizes the entire development process into well-defined, iterative
stages each with its own deliverables of working models
Sapiens eMerge Business Discovery features
o Enables the derivation of e-business technical specifications based on
the particular business requirements
o Includes an extensive evaluation of the existing business environment and
its e-business objectives, concluding with recommendations on e-business
strategy and architecture
o Involves the following steps:
o Business review
o Data model review
o Security investigation
o Web and application server evaluation
o Information requirement review
o Existing applications categorization
Sapiens eMerge Enabling Technologies
o Application server - ensures that the information derived from the
business rules is correct, personalized and implemented with rich user
experience
o Development tools - ensure that the solutions are easily adaptable and
scalable
o Integration tools - integrate with legacy and back-office applications
non-intrusively, thereby avoiding disruption of operational systems
o Monitor and administer the operational systems
Professional Services
o Business requirements and analysis
o Technical definitions and implementation
o Total strategic project management
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Page 3
About Sapiens
Sapiens International (NASDAQ: SPNS) is a global e-business solutions provider.
Sapiens delivers strategic end-to-end solutions that enable customers to
capitalize on their IT assets in the transition to e-business. Sapiens'
vertical market frameworks such as insurance and loans, as well as its
cross-industry offerings, such as eMerge and EuroMigration, apply new business
models and processes in the emerging, dynamic world of e-business and help
clients meet the challenges of euro migration and reengineering. Applying
proven technologies, Sapiens ensures fast time-to-market and responsiveness to
change.
Sapiens serves its growing customer base directly and through partnerships with
such industry leaders as IBM and CA. The Company's installed base of customers
includes 3M, AGF/SI, Berlinische Leben, Greyhound Pioneer Australia, Honda,
IBM, International Paper, La Redoute, Principal Financial, Siemens Energy and
Automation and other multinational corporations.
You are invited to visit us on the World Wide Web at http://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.
<PAGE>
[LOGO]
FOR ADDITIONAL INFORMATION
Lauri Hanover John W. Heilshorn, Jr./Jody Burfening
Chief Financial Officer Lippert/Heilshorn &
Sapiens International Associates Inc.
Tel: +1-877-554-2426 Tel: +1-212- 838-3777
E-mail: [email protected] E-mail: [email protected]
MUTUELLES DU MANS ASSURANCES CHOOSES SAPIENS TO IMPLEMENT
$7 MILLION DOLLAR, MULTIPLE PLATFORM EURO TRANSITION PROJECT
Research Triangle Park, NC - November 30, 1999 - Sapiens International
Corporation N.V. (NASDAQ: SPNS) today announced that Mutuelles du Mans
Assurances ("MMA"), the French insurance giant, has chosen Sapiens to implement
a comprehensive project, valued at $7 million, to manage the changeover of
MMA's IT systems to the single European currency. The Sapiens team has worked
with MMA on all business as well as technical aspects of the project, including
the identification of MMA's business needs, the delineation of the scope of the
project and the planning, coordination and implementation of all functional and
technical aspects of the euro transition effort.
The comprehensive project, which is scheduled for completion by December 31,
2001, follows the successful implementation of a pilot project and will be
implemented across multiple platforms. The various phases of the project
include the mapping of MMA's system components into a configuration repository,
followed by the impact analysis and currency migration of the system
components. Sapiens will employ its EuroMigration(Trademark) solution, including
the Euro-Virtual-Machine(Trademark) and Euro Configuration Repository (ECR)
technologies. Sapiens will manage the project at the various customer sites with
the assistance of its international support facilities.
Commenting on the project, Mr. Jean-Claude Saussaye, Development and Strategic
Projects Manager of MMA, said: "Sapiens has demonstrated superior euro project
capabilities, both in terms of its ability to define the business scope and
parameters of the project and its project management and implementation
expertise. We are interested in building a long-term vendor relationship with
Sapiens and in exploring Sapiens' e-business solution."
Mr. Saadia Essoudri, Vice President, Sapiens France, added: "We are delighted
to work with MMA on this end-to-end cross-platform project, which substantiates
our position in the euro conversion marketplace as the leading provider of
comprehensive solutions. We strongly expect to expand our relationship with MMA
into other IT areas, such as the rapidly growing marketplace for e-business
solutions."
<PAGE>
Page 2
About Sapiens
Sapiens International (NASDAQ: SPNS) is a global e-business solutions provider.
Sapiens delivers strategic end-to-end solutions that enable customers to
capitalize on their IT assets in the transition to e-business. Sapiens'
vertical market frameworks such as insurance and loans, as well as its
cross-industry offerings, such as eMerge and EuroMigration, apply new business
models and processes in the emerging, dynamic world of e-business and help
clients meet the challenges of euro migration and reengineering. Applying
proven technologies, Sapiens ensures fast time-to-market and responsiveness to
change.
Sapiens serves its growing customer base directly and through partnerships with
such industry leaders as IBM and CA. The Company's installed base of customers
includes 3M, AGF/SI, Berlinische Leben, Greyhound Pioneer Australia, Honda,
IBM, International Paper, La Redoute, Principal Financial, Siemens Energy and
Automation and other multinational corporations.
You are invited to visit us on the World Wide Web at http://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.
