The Columbian Financial Group of companies, which includes Columbian Mutual Life Insurance Company, Columbian Life Insurance Company, National Safety Life Insurance Company and other affiliated companies within the corporate family, is based in Binghamton, New York. Columbian Mutual, the parent company in the group, this year celebrated its 126th year of providing quality protection to its policyholders. Columbian maintains a solid financial and investment posture and offers consumer-oriented products designed for family and business life insurance needs. For more information please visit the Columbian Financial Group website at http://www.cfglife.com.About ALIS ALIS is an enterprise level policy administration platform serving the Life, Health, Annuity, Worksite and Retirement Services. The system is in production at over 25 clients world-wide. In the US, Sapiens has seven licensed customers and two others who are in the Proof-of-Concept phase. About Sapiens International Sapiens International Corporation (NASDAQ and TASE: SPNS), is a global provider of innovative software solutions for the financial services industry, with a focus on insurance. We offer core, end-to-end solutions for the general insurance, property & casualty, life, pension and annuities markets, globally. We have a track record of over 30 years in delivering superior software solutions to more than 100 financial services organizations. Our team operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information please visit Sapiens website at http://www.sapiens.com. Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.