September 24, 2013
Sapiens International Corporation
, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, announced today that MLOZ, the National Federation of Independent Health Insurance Funds, offering services to more than 18% of the Belgian population, has selected
Sapiens IDIT Software Suite
, to manage its health insurance portfolio, in a multimillion dollar deal.
As part of the organization's overall strategy to facilitate the health insurance services in
, MLOZ will be implementing the Sapiens IDIT Software Suite to modernize its technology environment to support the provision and management of health insurances, including: mutual insurances ("SMA"), mandatory health insurances, and complementary health insurances.
Anticipated benefits from this multi-year IDIT Software Suite implementation include:
- Support for thousands of concurrent online users;
- A holistic view of the client;
- Ability to leverage data for improved customer relations;
- Improved time to market for new products;
- Best practices in product design and business process optimization;
- Reduced overall IT costs.
Commenting on the selection of Sapiens IDIT, MLOZ's Managing Director,
said, "We have selected Sapiens due to the rich business functionality of its software and the professionalism and quality of their personnel. We see a tremendous amount of value in Sapiens' domain expertise and understanding of our unique business needs, as well as the cultural alignment between the organizations, which bodes well for the relationship going forwards."
, President and CEO of Sapiens commented, "We are proud to have MLOZ as our customer, and appreciate their recognition of our software and the value of our dedicated and skilled staff. MLOZ joins a growing and impressive portfolio of customers that have chosen to work with Sapiens, and we look forward to helping MLOZ derive the highest possible value from this solution."
Al-Dor continued, "We see a lot of opportunities for Sapiens in the health insurance market and feel the MLOZ win validates our strong position and will help us to further expand our health market footprint."