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[SAPIENS 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 eMerge AND IBM's Websphere TO POWER CRITICAL WEB SOLUTION
FOR THE PRINCIPAL FINANCIAL GROUP
Nation's 401K Leader Aggressively Maintains Its Client Online Processing
Advantage with Sapiens and IBM Solution
Research Triangle Park, NC--September 28, 2000--Sapiens International
Corporation N.V. (NASDAQ: SPNS), a global e-business solutions provider, today
announced that The Principal Financial Group(R) has chosen solutions from
Sapiens and IBM to enhance its current systems on the web, significantly
reducing costs and improving client satisfaction through enhanced performance.
The Principal, the nation's 401(k) leader and a leading provider of a wide range
of financial products and services for businesses and individuals globally, saw
the need to move their customers to a web-based delivery system. Sapiens eMerge
solution, and an IBM S/390 enterprise platform and Websphere solution,
successfully transferred most customers to the new system for improved access
and efficiency. The savings achieved through this system have enabled The
Principal to continue providing many new enhancements to meet the growing needs
of its retirement plan members.
The retirement plan processing system runs on an IBM S/390 Enterprise Server
that includes CICS, DB2 and Sapiens eMerge. It also utilizes MQSeries to handle
message management to 30 additional servers on a Local Area Network (LAN)/Wide
Area Network (WAN). Their web servers also use IBM's Websphere, which
communicates with core data on S/390 based backend systems.
Commenting on the project, Susie Thomann, Vice President at The Principal, said:
"At the start, we were skeptical, but Sapiens and IBM provided a realistic and
effective way to design the system, utilizing rapid deployment methodology to
build and deploy applications with intelligent middleware integration. We are
handling 1,200,000 transactions every day. Our success and aggressive growth
plans for leveraging the web bring incremental service and revenue channels,
which offer a huge opportunity and benefits to The Principal and our clients."
"Businesses today, like The Principal, are continuously looking for ways to
transform their infrastructure into a more responsive and efficient one," said
Jamie Hewitt, Vice President, e-Business Transformation and Business
Information, Enterprise Systems Group, IBM Corporation. "IBM, together with our
Premier Partner--Sapiens, have designed and implemented a solution that
streamlines processing and improves performance, enabling improved access for
over 43,000 clients."
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"In today's Internet age, online retirement plan processing is mission critical
for The Principal's clients and for their ongoing success," said Gil Arbel,
Executive Vice President, Sapiens Americas. "This system is an excellent example
of how a properly designed and implemented e-Business system can take customer
service, efficiency and a competitive edge to a new level. Sapiens, in
conjunction with IBM Global Services, utilized solutions and methodologies to
deploy a very complex solution, while eliminating months off the estimated
timeline."
The Principal is now planning to move the in-house users to an Intranet access
using Sapiens' eMerge Workflow Server and longer-term direction for Internet
access is expected to use IBM's WebSphere.
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, The Principal Financial Group 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.
