<PAGE>
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 April 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 ___
[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: April 30, 1999 By: /s/ Steve Kronengold
-----------------------------
Steve Kronengold
General Counsel
<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]
------------------- -------------
GROUPE ANDRE CHOOSES SAPIENS TO IMPLEMENT
EURO TRANSITION PROJECT
Research Triangle Park, NC--April 5, 2000--Sapiens International Corporation
N.V. (NASDAQ: SPNS) today announced that Groupe Andre, the premier French shoe
and apparel retail group, has chosen Sapiens to manage the changeover of Groupe
Andre's IT host systems to the single European currency. The comprehensive
project is scheduled for completion by September 30, 2001.
The Sapiens team will work with Groupe Andre on all business as well as
technical aspects of the euro transition challenge, including the identification
of Groupe Andre'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 project.
The various phases of the project include the mapping of Groupe Andre 's system
components into a configuration repository, followed by the impact analysis and
currency migration of the system components. Sapiens will employ its
EuroMigration(TM) solution, including the Euro-Virtual-Machine(TM) and Euro
Configuration Repository(TM) (ECR) technologies. Sapiens will manage the project
at the various customer sites with the assistance of its international support
facilities.
In addition to the euro transition project, Sapiens and Groupe Andre have begun
exploring the possibilities to leverage Sapiens's technologies for other
pressing IT needs, such as the global move to e-business. Sapiens will present
its full e-business capabilities, including Sapiens eMerge(TM), an end-to-end
e-business solution that ensures fast time-to-market.
Commenting on the project, Mr. Laurent Barbet, IT Manager of Groupe Andre, 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
offerings."
Mr. Saadia Essoudry, Vice President, Sapiens France, added: "We are delighted to
work with Groupe Andre on this end-to-end cross-platform project, which again
substantiates our position in the euro conversion marketplace as the leading
provider of comprehensive solutions. We strongly expect to expand our
relationship with Groupe Andre into other IT areas, such as the rapidly growing
marketplace for e-business solutions."
<PAGE>
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 eMerge Loan and eMerge Insure, 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, IBM and CA. The Company's installed base of
customers includes 3M, Air France, Greyhound Pioneer Australia, Honda, IBM,
International Paper, Principal Financial, La Redoute 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.
<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' eZoneXchange.com SECURES $15 MILLION IN PRIVATE
PLACEMENT
First Israel Mezzanine Investors Ltd. ("FIMI") and Israel Discount Bank ("IDB")
Invest $15 Million in eZoneXchange.com Inc. ("eZoneXchange.com").
Rehovot, Israel --April 17, 2000-- Sapiens International Corporation N.V. today
announced that FIMI and IDB will invest $15 million in return for a minority
interest in the common stock of eZoneXchange.com, Sapiens' subsidiary dedicated
to the supply of services to market-makers of B2B e-Marketplaces. As previously
announced, eZoneXchange.com will provide these market-makers with the ability to
integrate their marketplaces with the IT systems of their customers and
suppliers. eZoneXchange.com will also offer end-to-end shipment management
solutions for B2B e-Marketplace transactions.
According to the terms of the private placement, FIMI and IDB may require
Sapiens to re-purchase their shares in eZoneXchange.com during the fifth year
following the date of the transaction for 50% in cash and 50% in shares of
Sapiens common stock amounting to $15 million plus 5% interest per annum. Other
features of the transaction include a warrant for the investors to purchase an
additional 2.25% of the common stock of eZoneXchange.com at the same private
placement share price, and an option on the part of Sapiens to repurchase the
investors' shares of eZoneXchange.com at specified prices.
The proceeds of the investment will be used as working capital to establish a
marketing infrastructure and further develop integrated solution offerings for
market-makers of these rapidly emerging B2B e-Marketplaces.
Commenting on the investment, Mr. Ishai Davidi, CEO of FIMI, said: "We are happy
to team up with Sapiens in this exciting, new initiative. We believe in the
vision and strategy of the Sapiens-led management team and look forward to
realizing the full potential of eZoneXchange.com."
Mr. Dani Falk, CEO of Sapiens, added: "We are delighted to team up with
investors of the stature of FIMI and IDB. This investment fits neatly into our
long-term strategy of promoting the growth of Sapiens and its affiliates through
strategic financial and business partnerships."
Mr. Yuda Doron, CEO of eZoneXchange.com, commented: "We are delighted that FIMI
and IDB have made this significant investment in eZoneXchange.com. This
investment comes at an opportune time as we are making headway in developing
strategic relationships with some of the leading organizations in this rapidly
evolving marketplace. This private placement will help maximize the market
potential of eZoneXchange.com."
<PAGE>
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 eMerge Loan and eMerge Insure, 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, IBM and CA. The Company's installed base of
customers includes 3M, Air France, Greyhound Pioneer Australia, Honda, IBM,
International Paper, Principal Financial, La Redoute 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.
About eZoneXchange.com
eZoneXchange.com, a subsidiary of Sapiens International Corporation N.V.,
provides software solutions to market-makers of B2B e-marketplaces.
eZoneXchange.com's mission is to help these e-marketplace makers integrate their
IT systems with the IT systems of their customers and suppliers.
eZoneXchange.com also offers end-to-end shipment management solutions for
e-marketplace transactions.
###
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.
