UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2015
Commission File Number 000-20181
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,
Curaçao
(Address of Principal
Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
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.
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Sapiens International Corporation N.V. |
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By: /s/ Roni Giladi |
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Roni Giladi |
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Chief Financial Officer
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Dated: July 28, 2015
Exhibit 99.1
Sapiens
Acquires an Insurance Software Provider in Poland
Sapiens enters the Polish insurance
market and will establish a delivery and development center to support its global customer base
Holon, Israel – July 28, 2015 – Sapiens International
Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with an emerging
focus on the broader financial services sector, announced today that it has entered into a definitive agreement for the acquisition
of Insseco Sp. Z o.o., a software provider for the insurance market wholly-owned by Asseco Poland S.A. (Warsaw Stock Exchange:
ACP), the indirect controlling shareholder of Sapiens. The transaction is expected to close by early August 2015.
Insseco has an established presence in the Polish insurance
market and services major insurance customers in Poland, including top tier insurance carriers. With a team of 140 insurance professionals,
Insseco possesses domain expertise in both life and pension and property and casualty insurance.
This acquisition grants Sapiens entry into a new market, Poland,
and expands the company’s solid footprint in Europe and its customer base. Sapiens expects to enrich its workforce with Insseco’s
highly qualified and experienced insurance professional team and will establish a regional delivery and development center in Poland
to support its global operations.
With a larger and more geographically dispersed professional
services team, Sapiens continues to invest in getting closer to its customer and is well positioned to provide services and support
for all of its solutions around the globe. Sapiens will continue to support Insseco’s customers, while also introducing its
leading software solutions into the Polish insurance market.
On a trailing twelve month basis, Insseco's revenue was $11.5
million. Management expects this transaction to be accretive to earnings in the third quarter of 2015 and beyond. Sapiens will
pay 34.3 million Polish Zloty ($9.1 million) as consideration in the transaction. Depending on the achievement of revenue goals
over the next five years, Sapiens will pay additional consideration to the seller.
“Sapiens continues its global expansion and implementation
of its growth strategy via organic growth and M&A,” said Roni Al-Dor, Sapiens’ President and CEO. “With Sapiens’
solution offerings and Insseco’s strong local presence, we expect to strengthen our presence in the Polish and European market.”
Al-Dor added, “Sapiens has expanded its team with Insseco's professionals, in order to improve delivery and service of our
solutions, which we believe will allow us to better serve our customers globally,” added Al-Dor.
The acquisition of Insseco is the latest in Sapiens’ continued
expansion of its global presence, customer base and delivery capabilities. In March 2015, Sapiens acquired IBEXI Solutions, an
India-based provider of insurance business and technology solutions in Asia Pacific.
About Asseco Poland S.A.
Asseco Poland S.A. is the largest IT company listed on Warsaw
stock exchange. It is also a major player in the European software producers market. Asseco Group employ over 4,500 professionals
in Poland.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is
a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services
sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities,
reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30
years in delivering superior software solutions to more than 150 financial services organizations. The Sapiens team of over 1,300
professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more
information: www.sapiens.com.
Investors and Media Contact:
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com |
Forward-Looking Statements
Some of the statements in this press release may constitute “forward-looking statements” within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934, and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions
are used to identify these forward-looking statements (although not all forward-looking statements include such words). For example,
forward-looking statements are used in this press release when we discuss that closing of the acquisition is expected to occur
in the second quarter of 2015.
These forward-looking statements, which may include, without
limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current
views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and
actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of
the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it
is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to discussion under the heading “Risk Factors” in our
most recent annual report on Form 20-F, and subsequent reports and registration statements filed from time to time with the U.S.
Securities and Exchange Commission.
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