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Sapiens International Corporation N.V. provides intelligent SaaS-based software solutions for the insurance industry. Company announcements center on AI and advanced automation across property and casualty, workers' compensation, life insurance, reinsurance, financial and compliance, data and analytics, digital, and decision-management products.
Recurring SPNS news has covered CoreSuite recognition, Sapiens Decision Platform capabilities such as Decision Analytics, customer and partner events, executive leadership changes, operating and financial results, and corporate-status developments following the completed merger that left Sapiens as the surviving company and a wholly owned subsidiary.
Sapiens International Corporation (NASDAQ: SPNS) announced a cash dividend of $0.37 per share, totaling $20.2 million. This payout aligns with the company's policy to distribute up to 40% of annual non-GAAP net income. The dividend will be paid on May 11, 2021, to shareholders of record as of April 27, 2021, and is subject to a 25% withholding tax. CEO Roni Al-Dor highlighted that this record distribution reflects strong financial performance and confidence in the company's strategic execution.
Sapiens International Corporation (NASDAQ: SPNS) has launched an enhanced version of its DigitalSuite, aimed at facilitating insurers' digital transformation. This platform integrates advanced APIs and offers a modular, cloud-native structure designed for seamless compatibility with existing systems. Key features include API Conductor, Journey and Forms Composer, and Dynamic Portals, enhancing customer experience through personalization and improved operational efficiency. Sapiens aims to meet evolving customer expectations in the insurance sector by providing flexible, user-friendly solutions.
Sapiens International Corporation N.V. (NASDAQ: SPNS) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC. The report, which includes audited financial statements, is accessible via the SEC's website and the company's investor relations page. Shareholders can request a copy free of charge from Daphna Golden, Vice President of Investor Relations. With over 35 years of experience and serving more than 600 organizations worldwide, Sapiens provides software solutions for various insurance sectors.
Sapiens International Corporation (NASDAQ: SPNS) announced an extension of its partnership with Atos on March 24, 2021. This enhanced agreement will integrate Sapiens' life insurance software solutions into Atos' Business Process Outsourcing (BPO) services, improving operational efficiency and customer service. The partnership aims to provide a comprehensive Life & Pension platform that combines Sapiens' capabilities with Atos' digital services. Both companies emphasized their commitment to a collaborative approach in delivering innovative solutions to the life and pensions market.
Sapiens International Corporation (NASDAQ: SPNS) has partnered with ECHO Health, Inc. to develop a comprehensive digital payment solution for insurance carriers. This partnership aims to streamline payment processes via a secure portal, addressing common challenges faced by businesses. ECHO, processing over $1 billion weekly, connects clients to a vast network of electronic-ready vendors. The integration of ECHO's solution within Sapiens' CoreSuite offerings promises enhanced efficiency and profitability for clients, minimizing manual payment hurdles and maximizing security.
Sapiens International Corporation (NASDAQ: SPNS) has announced the general availability of the enhanced CoreSuite for Life & Annuities for North American customers and Life & Pensions for EMEA and APAC regions. The new CoreSuite Version 10 features low code/no code configuration, improved cloud capabilities, and a robust digital suite to enhance user experience. Key offerings include multicurrency and multilingual support, embedded analytics, and a 360-degree customer view for better policy management.
Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with Rising Medical Solutions to enhance data-driven decision-making for medical care in workers' compensation and property & casualty insurance. This joint offering integrates Sapiens' CoreSuite platforms with Rising’s managed care services, providing insurers with real-time data and improved user experience. The collaboration aims to streamline processes from claims to medical management, ultimately enabling insurers to make more informed and equitable payment decisions.
Sapiens International Corporation (NASDAQ: SPNS) announced its participation in William Blair's 5th Annual Investor Conference, scheduled for March 11, 2021. CEO Roni Al-Dor and CFO Roni Giladi will present at 12:00 pm ET and are available for one-on-one meetings. Daphna Golden, VP of Investor Relations, will also be present for discussions. Sapiens provides software solutions for the insurance industry and has over 35 years of experience, serving more than 600 organizations worldwide. For meeting arrangements, please reach out to William Blair.
Sapiens International Corporation (NASDAQ: SPNS) reported strong financial results for Q4 and the full year 2020, highlighting a 17.2% increase in revenue to $101.7 million for Q4 compared to Q4 2019. Gross profit rose 18.4%, reaching $41.4 million, while diluted EPS increased by 15.4% to $0.15. For the full year, revenue was $382.9 million, a 17.6% growth from 2019. Sapiens anticipates 2021 Non-GAAP revenue between $457 million and $463 million, indicating ongoing positive momentum as they leverage recent acquisitions.
Sapiens International Corporation (NASDAQ: SPNS) announced that a Tier 1 South African bank has expanded its offerings by integrating five components of the Sapiens IDITSuite for Property & Casualty. This enhancement supports the bank's personal and commercial lines of business, responding to growing customer demand for digitized experiences. The project went live remotely due to COVID-19, encompassing retail and commercial solutions, including Building Insurance and Business Cash Cover. Sapiens aims to continue collaborating with the bank to further develop its online banking platform.