Sapiens Interntl Stock Price, News & Analysis

Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with Gradient AI to enhance its workers' compensation offerings. This collaboration will integrate Gradient AI's predictive analytics solutions into Sapiens' CoreSuite and GO platforms, improving underwriting and claims processes. The aim is to offer insurers better forecasting capabilities and reduce costs associated with claims. Gradient AI CEO Stan Smith noted that the AI model will leverage over 25 million pieces of historical data, driving profitability for Sapiens' customers. Sapiens plans to expand AI integration into additional insurance sectors.

Sapiens International Corporation (NASDAQ: SPNS) announced the launch of Sapiens CoreSuite for Life Insurance on Microsoft AppSource. This platform integrates core insurance functionality with data analytics and is hosted on the Microsoft Azure cloud, allowing insurers to focus on their core business while minimizing costs. The solution is designed for multicompany, multibranding, multicurrency, and multilingual capabilities, catering to clients in EMEA, APAC, and North America. The collaboration aims to leverage Microsoft's reach and reputation in the insurance industry.

Sapiens International Corporation (NASDAQ: SPNS) reported a strong financial performance for Q2 2020, with revenue increasing by 17.0% to $93.1 million compared to Q2 2019. Gross profit rose 21.6% to $38.3 million, and net income attributable to shareholders jumped 35.9% to $9.3 million, resulting in a diluted EPS of $0.18. The company cites growth in North America and Europe as key drivers, alongside improved cost management during COVID-19. Sapiens has raised its 2020 revenue guidance to between $376 million and $381 million.

Sapiens International Corporation (NASDAQ: SPNS) announced a partnership with AssureSign on August 3, 2020, aimed at enhancing customer acquisition and renewal processes in the insurance industry. The integration of AssureSign’s electronic signature technology into Sapiens’ Workers' Compensation platform will streamline workflows, enabling insureds to sign documents securely from various devices. This move addresses the increasing demand for high-quality remote experiences post-pandemic, allowing insurers to reduce operational costs while providing immediate customer service.

Sapiens International Corporation (NASDAQ: SPNS) has announced the acquisition of Delphi Technology Inc. for up to $19.5 million in cash. This acquisition aims to enhance Sapiens' position in the medical professional liability (MPL) market, leveraging Delphi's domain expertise and customer base. In 2019, Delphi generated $15 million in revenue but reported an operational loss. The acquisition is expected to be accretive to profit by early 2021, enabling Sapiens to expand its offerings and market presence in North America.

Sapiens International Corporation (NASDAQ: SPNS) announced the tailored launch of its Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster in the DACH region following the acquisition of sum.cumo in January 2020. The company's efforts are targeted at a market with over 400 potential customers, many of whom still use legacy IT systems. Sapiens aims to establish a significant presence in Germany, Austria, and Switzerland, with a growing demand for digital capabilities post-COVID-19. The firm believes this region will be a key growth driver over the next two to three years.

Sapiens International Corporation (NASDAQ: SPNS) will announce its financial results for Q2 2020 on August 4, 2020, following the quarter ending on June 30, 2020. The management will host a conference call to discuss the results at 9:30 AM ET. Participants can join via a toll-free number or through a live webcast. The company provides software solutions for the insurance sector and boasts over 35 years of experience, serving more than 500 organizations globally. The results will be available for replay until August 13, 2020.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), announced that Home Point Financial has chosen its Sapiens Decision for Mortgage Banking to enhance its mortgage platform. Home Point, a leading wholesale lender, aims to improve efficiency for its 2,000 associates amidst rapid growth. The solution provides flexibility and scalability to adapt to the dynamic mortgage environment. With patented technology, it empowers business users to manage and deploy business logic quickly, improving operational responsiveness.

Sapiens Americas, a subsidiary of Sapiens International Corporation (NASDAQ: SPNS), announced that Petplan, a leading pet insurance provider in North America, has chosen Sapiens CoreSuite for Property & Casualty. This cloud-based platform aims to enhance the digital experience for Petplan's customers and expand its product offerings. Petplan's COO highlighted the need for a cloud-native infrastructure to support their growth goals. Sapiens' President expressed excitement over this partnership, emphasizing the platform's innovative capabilities.