<PAGE>
[SAPIENS LOGO]
FOR ADDITIONAL INFORMATION
Dan Falk
Chief Executive Officer
Sapiens International
Tel: +972-8-938-2853
E-mail: [email protected]
SAPIENS CONFIRMS THAT IT IS IN MERGER DISCUSSIONS
Research Triangle Park, NC--September 11, 2000--Sapiens International
Corporation N.V. (NASDAQ: SPNS) today confirmed, in response to inquiries, that
it is in the midst of negotiations with Ness Technologies, Inc., ("Ness")
regarding a potential stock-for-stock merger transaction. Ness is a privately
held Information Technology company with 2,300 employees and whose major
shareholders include the Wolfson Group and E.M. Warburg Pincus & Co.
The Company will make no further statement regarding the potential transaction
unless and until a definitive agreement is reached by the parties.
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.
###
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.
