HOLON, Israel, January 3, 2018 /PRNewswire/ --
Sapiens has expanded its recently
established digital division by acquiring KnowledgePrice.com, a
digital transformation services firm
Sapiens International Corporation,
(NASDAQ) and (TASE: SPNS), a leading global provider of software
solutions for the insurance industry, with a growing presence in
the financial services sector, announced today that it has expanded
its digital division's capabilities through the acquisition of
KnowledgePrice.com (KnowledgePrice), a technology specialist with
expertise in digital insurance services and consulting.
(Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg )
Based in Riga, Latvia,
privately-held KnowledgePrice employs about 50 digital insurance
technology experts and is a provider of services to leading
insurance providers in Europe.
KnowledgePrice has extensive expertise and long-term experience
with open technologies, agile methodologies and best practices
surrounding digital insurance, which will equip Sapiens' customers
with complete digital solutions.
KnowledgePrice will serve as a center for excellence for digital
engagement services. Its experts will join Sapiens' Digital
Division, which focuses on digital and business intelligence (BI)
services and solutions, including portal and digital distribution
offerings to customers worldwide. The expanded Digital Division
will create innovative offerings and provide full support during
customers' digital journeys.
Sapiens offers a complete Digital Suite that includes an
advanced analytics solution, a portal for consumers and agents,
personalized video capabilities, a customer engagement platform,
and cloud offerings and services.
"In a fast-changing world where insurers and vendors must
continuously evolve, integrated digital capabilities are key," said
Roni Al-Dor, Sapiens president and
CEO. "We recently created a new digital division to provide our
clients with the most relevant, customer-centric digital
technologies. The addition of KnowledgePrice's experts will enable
us to better help our customers fully embrace digital
transformation."
"Sapiens' strategic investment in digital capabilities enhances
our footprint in this market by seamlessly integrating digital
customer services with the underlying administration software,
creating a unique proposition for end users," added Roni Al-Dor. "Our new Digital Division and the
KnowledgePrice acquisition will enable insurers to select a
best-of-breed or fully integrated approach to affordably scale
their digital initiatives."
The acquisition, whose primary goal is to expand Sapiens'
resources and knowledge base, is not significant to Sapiens'
revenue or profits.
About KnowledgePrice.com
KnowledgePrice.com enables insurance carriers to offer digital
services. The company's expertise includes insurance enterprise
architecture, system design, IT project management and programming
around the insurance digital transformation journey. For more
information: http://www.knowledgeprice.com.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a
leading global provider of software solutions for the insurance
industry, with a growing presence in the financial services sector.
We offer integrated core software solutions and business services,
and a full digital suite for the property and casualty/general
insurance; life, pension and annuities; and reinsurance markets.
Sapiens also services the workers' compensation and financial and
compliance markets.
Our portfolio includes policy administration, billing and
claims; underwriting, illustration and electronic application;
reinsurance and decision management software. Sapiens' digital
platform features customer and agent portals, and a business
intelligence platform. With a 30-year track record of delivering to
more than 400 organizations, Sapiens' team of over 2,500 operates
through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information:
http://www.sapiens.com.
Investor 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