Sapiens International Corporation N.V. (Sapiens), incorporated on April 6, 1990, is a global provider of information technology (IT) solutions that modernize business processes to enable insurance and other companies to adapt to change. The Company’s solutions, sold as customizable software modules, align IT with business demands. The Company’s solutions are supplemented by its technology, methodology and consulting services, which address the issues related to the life cycle of enterprise business applications. Sapiens’ solutions include insurance applications that it has developed for organizations, such as AXA, Norwich Union, Liverpool Victoria, IAT Group, ING, OneBeacon, Principal Financial Group, the Surplus Line Association of California, Allianz Group, Texas Farm Bureau Insurance Companies, Menora Mivtachim Insurance and Santam.