- Insurance companies to benefit from integration of INSIGHT(TM) and OnBase(R) software suites - CLEVELAND, July 25 /PRNewswire/ -- Hyland Software Inc., developer of the OnBase enterprise content management (ECM) software suite, today announced a new partnership with Sapiens International Corporation N.V. (NASDAQ:SPNS)( TASE:SPNS), a member of the Formula Group (NASDAQ:FORTY)(TASE:FORT). The partnership will provide insurance clients with tighter integration between Sapiens INSIGHT, a Web-based insurance administration suite, and Hyland Software's OnBase ECM software suite. (Logo: http://www.newscom.com/cgi-bin/prnh/20070110/CLW019LOGO ) Sapiens INSIGHT suite of insurance applications uses its powerful rules and tools capabilities to create robust yet agile applications designed to help insurers keep pace with changing economic and insurance market conditions, including increasing customer demands, and the growing effects of globalization and regulatory change. Sapiens INSIGHT provides policy, billing, claims and reinsurance management and can be used modularly or as an integrated suite. Sapiens INSIGHT is built on a rules-based system that is installed worldwide in more than 100 companies. "Our insurance clients rely on Sapiens INSIGHT's rules based engine to streamline business processes throughout the organization," said Rami Doran, COO of Sapiens. "The ability of OnBase to seamlessly integrate documents and other electronic content across the enterprise enhances the overall functionality of the Sapiens INSIGHT suite. Insurance companies will benefit from a Web-based administration suite that improves workflow processes from one end to the other." Hyland's OnBase ECM solution enables insurance companies to manage and distribute disparate information, documents and related data regardless of format within a single solution. By leveraging OnBase, insurers can reduce the time and cost of performing important business functions and achieve regulatory compliance through the management, control and sharing of digital content with employees, business units, remote offices, insurance agencies and customers. "Hyland Software strives to deliver solutions that improve operational efficiencies and customer service for insurance organizations," said Ed McQuiston, director of Insurance Solutions for Hyland. "By partnering with Sapiens, we are continuing that dedication to our customers." About Hyland Software Inc. Established in 1991, Hyland Software Inc. is the developer of OnBase, a rapidly deployable suite of enterprise content management (ECM) software applications. OnBase is a leading solution for optimizing content-driven business processes throughout insurance enterprises. More than 200 insurance customers use OnBase's document imaging, process automation and content management capabilities to enhance process throughput, increase operating margins, improve customer service and minimize organizational risk. For more information about OnBase, please contact an Authorized OnBase Solution Provider or visit htttp://www.onbase.com/insurance. About Sapiens International Sapiens International Corporation N.V. (NASDAQ:SPNS)(TASE:SPNS), a member of Formula Group (NASDAQ:FORTY)(TASE:FORT), which is a member of the Emblaze Group (LONDON: BLZ.L) is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Prudential, ING, Menora and Occidental Fire & Casualty among others. For more information, please visit http://www.sapiens.com/. Media Contact: Carol Kennemore For Hyland Software (678) 781-7205 http://www.newscom.com/cgi-bin/prnh/20070110/CLW019LOGO http://photoarchive.ap.org/ DATASOURCE: Hyland Software Inc. CONTACT: Carol Kennemore for Hyland Software Inc., +1-678-781-7205, Web site: htttp://www.onbase.com/insurance http://www.sapiens.com/

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