<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
+972-8-938-2701
E-mail: [email protected] E-mail: [email protected]
------------------- -------------
SAPIENS AWARDED $7 MILLION FOLLOW-ON PROJECT
FROM LEADING EUROPEAN ORGANIZATION
Research Triangle Park, NC--August 9, 2000--Sapiens International Corporation
N.V. (NASDAQ: SPNS) today announced that one of its large European customers has
extended the initial multi-platform euro conversion project it recently awarded
to Sapiens to manage the changeover of the company's IT systems to the single
European currency. The follow-on project is valued at a minimum of $7 million.
The initial phase of every euro migration project involves the mapping of the
customer's IT system components into a dynamic repository using Sapiens' unique
Euro Configuration Repository ("ECR"). This mapping and configuration process,
which essentially gives the customer a "snapshot" of its IT system capabilities
and requirements, has the potential to reveal additional euro migration or other
IT solution needs that were not contemplated at the start of the customer
relationship. The current follow-on project identifies supplemental euro
migration requirements that significantly increase the initial size of the
customer engagement.
Commenting on the follow-on project, Mr. Saadia Essoudry, Vice President,
Sapiens France, emphasized that "this project expansion should not be viewed as
an isolated event. Our customers throughout Europe have been impressed with the
capabilities of our ECR technology and realize that this dynamic repository,
coupled with our project know-how, may be exploited to improve their IT systems
in a manner that is far beyond the scope of euro migration projects. Therefore,
we plan to leverage our ECR solution technology to win follow-on projects as
well as initial engagements in the burgeoning fields of e-commerce and
enterprise application integration."
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.
<PAGE>
Page 2
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.
