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Achmea (Australia) Selected Sapiens IDIT Software Suite

REHOVOT, Israel, December 5, 2012 /PRNewswire/ --

Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a provider of innovative insurance software solutions and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), announces today that Achmea Insurance Group have selected Sapiens IDIT software suite as their centralized solution for core General Insurance business in Australia. This Greenfield operation is conducted by Achmea Australia, who will serve as the insurer's main distribution channel on the ground.

     (Logo: http://photos.prnewswire.com/prnh/20120508/531104 )

This Sapiens IDIT deployment follows the successful implementations of Sapiens IDIT Software Suite in Interamerican ( Bulgaria) and Oranta ( Russia), members of the Achmea Group, and the decision of Achmea to select Sapiens IDIT as the strategic software solution across all operating companies within the group.

Timo van Voorden, CEO of Achmea Australia, commented: "I am confident that the rich functionality of Sapiens IDIT Software suite and the experience of the Sapiens team will help us meet our aggressive business objectives that we have set for ourselves in the Australian market."

Ruud Gruson, Program Manager at Achmea B.V Division International added: "The most important success factor of Sapiens IDIT Software Suite is the comprehensiveness of the solution. Sapiens IDIT's robust technology enables us an easy opening up of any distribution channel for selling our insurance products."

"Our successful partnership with the Achmea Group is yet another evidence to our growing market share within the global insurance enterprises segment." said Roni Al-Dor, President and CEO of Sapiens International.

Yoel Amir, Managing Director, General Insurance & Non-Life at Sapiens, added: "This win further fosters our commitment to the Australian insurance market. We are dedicated to the success of this partnership with Achmea and look forward to providing the best insurance technology solution that addresses Achaea's global strategy. As a global company, Sapiens invests in meeting the undisputed demands of global insurers who wish to deploy a common software platform across their operations worldwide."

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