Israel July 21, 2011
- $100 million
- Merged company to have 70+ insurance customers worldwide
- Merged company well positioned to win core-system replacements in the insurance industry
- Merged company to become one of few vendors that offer comprehensive proven solution suites for Life & Annuity, Property & Casualty and Reinsurance, globally
North America Europe Asia Pacific Europe Australia Asia Pacific
"The transaction with FIS and IDIT is another key milestone in our strategy, which we expect to get us to $100 million of revenues in 2012 and lead us to growth with stronger product offerings and a larger customer base in this rapidly evolving market," Mr. Al-Dor concluded.
About Sapiens International
North America United Kingdom Asia Pacific
Matters set forth in this release that are forward-looking statements 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 accounting policies, specific system configurations and software needs of individual customers and other risk factors.
SOURCE Sapiens International Corporation N.V