Acquisitions and Investments - In Q4 2023, the company acquired NCDC S.A. for $11.7 million and plans to complete the acquisition of Sapiens Software Solutions (Decision) Ltd. by the end of Q1 2024[39] - The company increased its holdings in Tiful Gemel and Neuralmatic to 100%, making them wholly-owned subsidiaries[39] - In December 2023, the company acquired the remaining 5% of Tiful Gemel Ltd. for $161 thousand, making it a wholly-owned subsidiary[153] - The company increased its holdings in Neuralmatic to 100% in Q1 2023, also transforming it into a wholly-owned subsidiary[154] - In May 2022, the company acquired I.T Cognitive Ltd. for $3.5 million, enhancing its digital offerings[155] Market Challenges - Macroeconomic headwinds, including inflation and high interest rates, have adversely impacted revenues, profitability, and cash flows, leading to slower growth rates in 2022[43] - The sales cycle for new customers typically ranges from one to two years, which can extend even longer, requiring significant time and resources before generating revenues[42] - The company faces challenges in retaining key talent due to competitive labor markets, which may affect its ability to develop and enhance solutions[46] - Increased competition for skilled technology professionals may lead to wage inflation, impacting profitability[48] - The company’s ability to expand into new markets may be hampered by the need for skilled personnel familiar with local regulations, which may not be available at reasonable costs[50] Operational Risks - The company’s international operations expose it to risks associated with fluctuations in foreign currency exchange rates, which have adversely affected results in the past[43] - The company has experienced cancellations of projects during implementation, which negatively impacts future revenue potential[70] - The company is exposed to litigation risks as it expands operations, which could divert management's attention and resources[51] - The company faces ongoing challenges in maintaining software security due to evolving cyber threats and complexities in technology[84] - The company must attract and train a significant number of additional qualified personnel to manage anticipated growth[51] Financial Performance - Five of the company's largest customers accounted for 12.9% and 15.5% of revenues in 2023 and 2022, respectively[66] - The company relies heavily on repeat product and service revenues from existing customers, making customer satisfaction critical[66] - The company has $39.5 million principal amount outstanding in Series B Debentures as of March 1, 2024, with potential risks of increased interest rates if covenants are breached[94] - The company has significant tax benefits from Israeli programs, requiring consolidated group revenue of at least NIS 10 billion to maintain eligibility[128] Cybersecurity and Compliance - The company has implemented advanced detection and prevention systems to reduce cyber risks, aligning with industry standards[82] - Significant disruptions to IT systems or data breaches could negatively impact business operations and reputation[79] - The company has experienced cyber-attacks in the past, including a ransom payment incident in April 2020, but these did not materially affect operations[79] - Compliance with privacy regulations such as GDPR and CCPA imposes additional costs and liabilities, with potential fines for non-compliance[76] - The company relies on third-party vendors, which increases exposure to cyber incidents and potential data breaches[81] Strategic Focus - The company plans to continue investing in cloud transformation and AI innovation, focusing on enhancing its software solutions and cloud services capabilities[169] - The company aims to expand its market reach in Europe and Asia Pacific, targeting previously untapped countries and enhancing its presence in existing markets[170] - The company is focused on strengthening its strategic partnership with Microsoft to enhance its data, AI, and cloud solutions[175] - The company plans to increase collaboration with third-party system integrators to penetrate various market segments more effectively[176] - The company intends to leverage its existing customer base for cross- and up-selling opportunities, enhancing its footprint within established customers[174] Product Offerings - Sapiens serves over 600 customers globally, with revenue distribution of 41.2% from North America, 15% from the UK, 35% from the rest of Europe, and 8.8% from other regions for the year ended December 31, 2023[183] - Sapiens has invested significantly in research and development to enhance its product offerings, ensuring compatibility with client needs and maintaining a leadership position recognized by industry analysts[179] - The Sapiens DigitalSuite enables insurers to rapidly go to market with new propositions, enhancing customer engagement through various connectivity tools[188] - The Sapiens analytics platform utilizes AI and machine learning to generate actionable insights across the insurance value chain, enhancing decision-making capabilities[224] - Sapiens offers a comprehensive suite of solutions for property & casualty (P&C) insurance, including PolicyPro, BillingPro, and ClaimsPro, which manage the entire policy lifecycle from quote to claims settlement[198][199][200]

Sapiens International Corporation N.V. (NASDAQ:SPNS) Q4 2023 Results Conference Call February 20, 2024 9:30 AM ET Company Participants Yaffa Cohen-Ifrah - Chief Marketing Officer and Head of IR Roni Al-Dor - President and CEO Roni Giladi - CFO Alex Zukerman - Chief Strategy Officer Conference Call Participants Dylan Becker - William Blair Kevin Kumar - Goldman Sachs Alexei Gogolev - JP Morgan Chris Reimer - Barclays Operator Ladies and gentlemen, thank you for standing by. Welcome to the Sapiens Internation ...

Exhibit 99.1 Sapiens Reports Fourth Quarter 2023 Financial Results February 20, 2024 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2023. Summary Results for Fourth Quarter 2023 (USD in millions, except per share data) | | GAAP | | | | | | | Non-GAAP | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Q4 2023 | | ...

GLOBAL RI Master Policy Admin Report (CELENT, July 2023) GLOBAL RI Master Policy Admin Report (CELENT, July 2023) . SAPIENS 19 Sapiens Proprietary & Confidential 2020 - $ 7M (COVID-19) 2021 - $ 20M 2022 - $ 39M 2023 - $ $28.1M Sapiens Proprietary & Confidential Acquire New Customers New Logos 11 North America P&C Policy Admin Report (CELENT, Feb 2023) EMEA P&C Policy Admin Report (CELENT, Feb 2023) services Pre-production implementation services (**) 43,404 44,069 132,133 132,802 Strong Cash and Cash Equiva ...

Sapiens International Corporation N.V. (NASDAQ:SPNS) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah – Chief Marketing Officer and Head-Investor Relations Roni Al-Dor – President and Chief Executive Officer Roni Giladi – Chief Financial Officer Alex Zukerman – Chief Strategy Officer Conference Call Participants Dylan Becker – William Blair Kevin Kumar – Goldman Sachs Chris Reimer – Barclays Omri Lapidot – Leumi Partners Operator Welcome to Sapiens Internat ...

Exhibit 99.1 Sapiens Reports Third Quarter 2023 Financial Results November 8, 2023 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2023. GAAP Non-GAAP Q3 2023 Q3 2022 % Change Q3 2023 Q3 2022 % Change Revenue $ 130.7 $ 119.0 9.8% $ 130.8 $ 119.0 9.9% Gross Profit $ 56.0 $ 50.3 11.3% $ 59.3 $ 53.5 10.7% Gross Margin 42.8% 42.2% 60 bps 45.3% ...

Sapiens International Corporation N.V. (NASDAQ:SPNS) Q2 2023 Results Conference Call August 2, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah - Chief Marketing Officer and Head, IR Roni Al-Dor - President and CEO Roni Giladi - CFO Conference Call Participants Mayank Tandon - Needham & Company Dylan Becker - William Blair Surinder Thind - Jefferies Kevin Kumar - Goldman Sachs Chris Reimer - Barclays Operator Welcome to Sapiens International Corporation's 2023 Second Quarter Financial Results Call. At ...

Sapiens International Corporation N.V. (NASDAQ:SPNS) Q1 2023 Earnings Conference Call May 3, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah - Chief Marketing Officer and Head-Investor Relations Roni Al-Dor - President and Chief Executive Officer Roni Giladi - Chief Financial Officer Alex Zukerman - Chief Strategy Officer Conference Call Participants Kevin Kumar - Goldman Sachs Kyle Peterson - Needham & Co. Dylan Becker - William Blair Chris Reimer - Barclays Surinder Thind - Jefferies Operator We ...

Exhibit 99.1 Sapiens Reports First Quarter 2023 Financial Results May 3, 2023 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2023. | | GAAP | | | | | | Non-GAAP | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Q1 2023 | | | Q1 2022 % Change | Q1 2023 | | | Q1 2022 | % Change | | Revenue | $ | 124.7 | $ | 117.7 | 6.0% $ | ...

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 March 2023 Commission File Number 000-20181 SAPIENS INTERNATIONAL CORPORATION N.V. (Translation of Registrant's name into English) Azrieli Center 26 Harokmim St. Holon, 5885800 Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports unde ...