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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
+972-8-938-2701
E-mail: [email protected] E-mail: [email protected]
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SAPIENS AND INFOCUS TECHNOLOGY JOIN FORCES TO DELIVER
SCALABLE E-STRATEGIES FOR THE GLOBAL 2000
Sapiens and inFocus Technology Integrate Solutions and Services to
Create Business-Critical Growth Strategies for Developing Enterprises
Research Triangle Park, NC and New York, NY--August 29, 2000--Sapiens
International Corporation N.V (NASDAQ: SPNS), a global e-business solutions
provider, and inFocus Technology, a provider of highly specialized technical
consulting, today announced a formal agreement to jointly deliver comprehensive
scalable strategies and solutions that meet the accelerated growth demands of
the Internet economy.
The partnership presents a full-service suite, including analysis, performance
statistics and capacity planning services. The offering also includes strategic
planning for future resource and infrastructure growth, designed to meet the
market demand for building reliable, scalable and mission-critical systems that
link front-office applications to back-office systems.
"Hybrid organizations - those traditional companies that have integrated
e-business all the way through to the backbone of their infrastructure - will no
doubt be the winners in tomorrow's economy and they are experiencing an
unforeseen rate of growth. This puts them in an enviable position of having to
deal with challenging scalability issues," said Gil Arbel, Sapiens' Executive
Vice President, Americas. "inFocus Technology brings a wealth of expertise to
this alliance, and together we will provide invaluable benefits to these growing
hybrids."
"We are pleased to establish a strategic partnership with Sapiens. Their
comprehensive resources and years of experience providing IT solutions worldwide
has earned them a stellar reputation," said Jeff Auerbach, President of inFocus
Technology. "The Internet economy demands highly specialized technical talent
with practical experience that meets the demands of high growth in a fluid
economy. We are excited to offer our forward-thinking services to mutual
customers on a global basis."
Scalable e-strategies are best-practice services designed by Sapiens and inFocus
to deliver superior, long-term e-commerce solutions, with improved overall
efficiency. As a result, it reduces downtime and improves system availability by
eliminating points of failure. In addition, Sapiens applies business rules
methodologies, which permit clients to rapidly make changes to their business
flow and logic without having to reconfigure or re-write complex code.
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About inFocus Technology
inFocus Technology provides highly specialized technical services to businesses
deploying Internet-driven applications to more rapidly reach an expanded global
customer base and facilitate more efficient and responsive interaction with
suppliers and customers. inFocus Technology brings real-world experience from
fast-paced, dynamic environments, to help customers deliver scalable solutions
to market quickly.
For more information visit http://www.infocustechnology.com
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'
e-commerce solutions, such as eMerge Loan, eMerge Insure and eMerge Supply
Chain, 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 Cap Gemini, CSC, IBM and KPMG. The Company's installed
base of customers includes 3M, Air France, Argos, Bosch, Groupe Andre, Honda,
IBM, International Paper, Principal Financial and Siemens Energy and Automation
and other multinational corporations.
You are invited to visit us on the World Wide Web at http://www.sapiens.com.
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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.
