0001213900-21-041833.txt : 20210812 0001213900-21-041833.hdr.sgml : 20210812 20210812095310 ACCESSION NUMBER: 0001213900-21-041833 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20210812 FILED AS OF DATE: 20210812 DATE AS OF CHANGE: 20210812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAPIENS INTERNATIONAL CORP N V CENTRAL INDEX KEY: 0000885740 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: P8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20181 FILM NUMBER: 211165750 BUSINESS ADDRESS: STREET 1: AZRIELI CENTER STREET 2: 26 HAROKMIM ST. CITY: HOLON STATE: L3 ZIP: 5885800 BUSINESS PHONE: 97289382777 MAIL ADDRESS: STREET 1: AZRIELI CENTER STREET 2: 26 HAROKMIM ST. CITY: HOLON STATE: L3 ZIP: 5885800 6-K 1 ea145682-6k_sapiensinter.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2021

Commission File Number 000-20181

 

SAPIENS INTERNATIONAL CORPORATION N.V.

(Translation of Registrant’s name into English)

 

Azrieli Center

26 Harokmim St.

Holon, 5885800

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒            Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

CONTENTS

 

Exhibit No.   Title of Exhibit
99.1   Press Release

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Sapiens International Corporation N.V.
   
  By:  /s/ Roni Giladi
  Name:  Roni Giladi
  Title: Chief Financial Officer

 

Dated: August 12, 2021

 

2

 

 

EXHIBIT INDEX

 

The following exhibits are furnished as part of this Form 6-K:

 

Exhibit No.   Title of Exhibit
99.1   Press Release

 

 

3

 

EX-99.1 2 ea145682ex99-1_sapiensinter.htm PRESS RELEASE

Exhibit 99.1

 

 

Dentists’ Provident Selects Sapiens to Leverage Market Trends and Accelerate Digital Transformation

 

Sapiens DigitalSuite will refresh Dentists’ Provident digital customer and agent portals,
and integrate with Sapiens CoreSuite

 

August 12, 2021 -- Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Dentists’ Provident, a mutual organization and a leading provider of income protection insurance to dentists in the UK and Ireland, has decided to implement Sapiens DigitalSuite platform. The program will refresh Dentists’ Provident’s digital customer and agent portals and will accelerate its digital transformation. DigitalSuite provides a seamless integration to their underlying core policy administration platform.

 

A valued Sapiens client since 2016, Dentists’ Provident turned to Sapiens for help with a third-party administration platform, after their legacy platform failed to meet their needs and required a costly upgrade. They deployed Sapiens CoreSuite for Life & Pension as well as Sapiens CustomerConnect for Life & Pension to provide members and customers with an enhanced digital experience. Their latest upgrade will further accelerate their digital transformation and enable them to realize significant business benefits.

 

“Upgrading to the new Sapiens DigitalSuite technology enables us to have a more natural, streamlined compatibility with Sapiens CoreSuite for Life & Pension. It provides us the platform to ensure that we best serve our members and provide the best user experience,” said Matt Payne, Dentists’ Provident’s CIO. “Sapiens’ digital capabilities and roadmap enable us to meet our business goals and ensure we are prepared for the future. Sapiens’ innovative ecosystem provides us with the technology refresh to grow our business, enhance existing services and add new ones.”

 

“We are delighted to further strengthen our collaboration with Dentists’ Provident and to accelerate the organization’s market position and online user experience for members and intermediaries,” said Roni Al-Dor, Sapiens’ president and CEO. “We are pleased to partner with Dentists’ Provident on this endeavor that will enable them to achieve significant competitive advantage and leverage the strong proven capabilities of Sapiens, in integrating our core offerings with our new flexible digital enhancements, in a cost efficient manner.”

 

Sapiens DigitalSuite is a flexible, component-based platform that allows insurers to simply achieve their goals and tailor their digital solutions to their needs, no matter where they are in their digital transformation process.

  

About Dentists’ Provident

 

Dentists’ Provident is a leading provider of income protection insurance for dental professionals. Since 1908 our sole objective has been helping our members and planholders achieve financial security during periods of illness or injury.. For more information:  www.dentistsprovident.co.uk.

 

 

1

 

 

 

About Sapiens

 

Sapiens International Corporation empowers insurers to succeed in an evolving industry. Sapiens offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers’ compensation and financial markets. With more than 35 years of experience delivering to more than 600 organizations globally, Sapiens has a proven ability to satisfy customers’ core systems, data and digital requirements. For more information: www.sapiens.com.

 

Media Contact

Shay Assaraf

Chief of Marketing, Sapiens

Shay.assaraf@sapiens.com

Investors Contact

Daphna Golden

Vice President, Head of Investor Relations, Sapiens

ir@sapiens.com

 

Forward Looking Statements

 

Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

 

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

 

 

2

 

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