Sapiens International to Announce Q4 and Year End Results February 9th, Before Market Opens

Tuesday January 27, 3:10 am ET

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)- January 27, 9:00 am ET --Sapiens International Corporation (Nasdaq:SPNS - News and TASE:SPNS), will report fourth quarter and year end results on February 9th, 2004 before the market opens.

The Company will hold a conference call with the investment community at 09:00 AM (EST) to discuss the financial results, business highlights and outlook. To participate, please call: From the US and Canada: 1-866-485 2399, From the UK: 0-800-917 4613, International callers: + 972-3-9180610, 10 minutes prior to start time. Further details are available through the Company's Website on: http://www.sapiens.com.

About Sapiens
Sapiens International Corporation (Nasdaq and TASE:SPNS), a member of the Formula Group of companies, is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, United Kingdom, EMEA and Asia Pacific and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include Allianz Group, AXA, Liverpool Victoria, Menora, Norwich Union, OneBeacon, Principal Financial, Prudential, Abbey National, ING, Occidental Fire & Casualty, among others.

For more information, please visit 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 and other risk factors detailed in the Company's SEC filings.

Contact:
Sapiens International
Yuval Hadari, +1-877-554-2426 or +972-8-938-2721
E-mail: yuval.h@sapiens.com
or
Rebecca Green
Padilla Speer Beardsley
Tel: +1-212-752-8338
e-Mail: rgreen@psbpr.com