This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Clal Insurance Selects Sapiens Life&Pensions Solution As Core Platform For Its' Entire Pensions Portfolio

TEL-AVIV, September 10, 2013 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, announced today that Clal Insurance, Israel's leading insurance, pension, and financial services group, with about 4,000 employees and 2,000 insurance agents, has selected Sapiens Life & Pensions software to manage its' entire pensions portfolio, in a multimillion dollar deal.

     (Logo: )

Following an extensive evaluation of available software solutions, Clal determined that the Sapiens' proven proposition, which fully complies with the local regulations and legislations, best met its business needs. The Sapiens solution was developed as a rule-based platform for all pension products, and will be accessible and maintainable by Clal's business personnel. The new solution will replace the current legacy system and will provide rich functionality and robust productivity for Clal.  

Commenting on the selection of Sapiens, Clal's CEO, Izi Cohen said: "We are delighted to join forces with Sapiens. The implementation of the new system is aligned with our growth strategy and main objective to become a major player in the Pension providers industry. We look forward to deploy the new system in a timely manner, and to our customers' satisfaction."

Gil Arazi, Clal's CIO added: "We have selected Sapiens due to the rich business functionality of its software. We see a tremendous amount of value in Sapiens' domain expertise and understanding of our unique business needs, as well as their understanding of our very specific pension regulations demands."

Roni Al-Dor, President and CEO of Sapiens commented: "We are proud to have Clal as our customer, joining the pension platform which is successfully operational at Menorah Mivtachim. Clal joins a growing and an impressive portfolio of customers that have chosen to work with Sapiens, and we look forward to supporting Clal derive the highest possible value from this solution."

About Sapiens

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.28 1.80%
FB $117.71 -0.73%
GOOG $695.00 -0.46%
TSLA $233.14 -3.60%
YHOO $36.07 -1.30%


Chart of I:DJI
DOW 17,741.91 -149.25 -0.83%
S&P 500 2,064.91 -16.52 -0.79%
NASDAQ 4,775.3820 -42.2120 -0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs