Sapiens International Corporation Strengths, Domain Expertise, and Key Differentiators
Sapiens is a global provider of software solutions for the insurance industry. By enabling Sapiens insurance and financial services customers to digitize their business and be more agile in the face of changing business environments, Sapiens help them take advantage of powerful current trends – such as the Internet of Things, artificial intelligence, machine learning, customer engagement, chat bots, etc. – while simultaneously reducing IT costs. In the past eight years Sapiens completed eleven acquisitions.
Sapiens International Corporation Recent Developments
2018 was a year of organizational growth for Sapiens, a trend that has shown no sign of abating in early 2019. Sapiens accelerate its growth in the U.S. market specifically, and globally as well. Sapiens expanded digital division’s capabilities through the leading insurance providers in the UK and Europe. In early 2018, Sapiens offered an innovative P&C digital insurance platform. This platform will be formed by combining three powerful core components: Adaptik Policy, Adaptik Billing and StoneRiver Stream Claims, accompanied by Sapiens’ existing solutions for data and analytics, digital engagement and distribution, and cloud operation.
Sapiens International Corporation Mergers and Acquisitions (M&A) Activities
In the first quarter of 2018, Sapiens acquired Adaptik, the acquisition enables Sapiens to provide North American property and casualty (P&C) carriers with an enhanced platform, which will improve Sapiens' competitive position and enable it to increase its market share in the North American insurance market.
Sapiens International Corporation Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask the simple question: Who’s buying Sapiens International Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Sapiens International Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CompSuite, Stream Suite, PowerSuite, Life Portraits, LifeApply, LifeSuite customers.
Sapiens International Corporation Overview
Ownership: - NASDAQ:SPNS
Number of Employees: 2500
Key Verticals: Insurance,
Sapiens International Corporation Key Enterprise and Cloud Applications
CompSuite, Stream Suite, PowerSuite, Life Portraits, LifeApply, LifeSuite
Sapiens International Corporation Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Sapiens International Corporation Revenue Breakdown By Type, $M:
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Sapiens International Corporation Enterprise Applications Revenues By Functional Markets, $M:
Sapiens International Corporation Enterprise Applications Revenues By Verticals, $M:
Sapiens International Corporation Revenues By Region, $M
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Sapiens International Corporation Direct vs Indirect sales
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Sapiens International Corporation Customers - Breakdown by Geo, Size, Vertical and Product
No. of Sapiens International Corporation Customers: 450
No. of Sapiens International Corporation Enterprise Applications Customers: 450
No. of Sapiens International Corporation Cloud Customers: x
No. of Sapiens International Corporation Cloud Subscribers: x
Sapiens has more than 450 customers worldwide, among them are Consecta, Country Financial, OneBeacon Insurance Group, Principal Financial Group, Clal Insurance (Israel), Euler Hermes (France), Achmea B.V. (the Netherlands), AVIVA, Bright Grey, Achmea Australia and many more.
Sapiens International Corporation Market Opportunities, M&A and Geo Expansions
In the end of 2018, Sapiens unveiled the general availability of the Sapiens ALIS 8 policy administration suite (Sapiens ALIS) for life insurance companies worldwide. The Sapiens ALIS 8 suite features enhanced group functionality, and improved investment features and new digital capabilities, including ecosystem connectivity. It also includes a set of new DevOps tools for greater usability and automation, and a configuration tool for rapidly launching products to market. In August 2017, Sapiens entered the APAC market trought Auto & General Southeast Asia. The company started using Sapiens IDIT according to them Sapiens IDIT best suited for the needs of Budget Direct Insurance Singapore after an extensive search. The flagship policy administration system (PAS) for general/P&C insurers possessed all the necessary elements for a greenfield direct insurance business, such as a pre-integrated, digital cloud offering, quick user configurability, robust document creation/management capabilities and support for multiple motor, property and liability insurance products on a single platform.
Sapiens International Corporation Risks and Challenges
The implementation of its M&A growth strategy, which requires the integration of multiple acquired companies, including, most recently, Adaptik, KnowledgePrice, StoneRiver, MaxPro, 4Sight, and their respective businesses, operations and employees, involves significant risks, and the failure to integrate successfully may adversely affect future results.
Sapiens International Corporation Ecosystem, Partners, Resellers and SI
Sapiens significantly invest in North America, UK, Europe and South Africa regions, and in their sales, presales, domain experts and marketing personnel. Sapiens anticipate that sales team will leverage their proximity to customers and prospective clients to drive more business, and offer Sapiens services across its target markets. In July 2019, Sapiens opened larger and newer office building in Bangalore for the company’s 1,000 employees in India, to support Sapiens’ continued global expansion. The opening of the new office underscores the strategic importance of Sapiens’ Indian operations in supporting the company’s growth and improving its profit margins. The opening of the new office will be a major upgrade for Sapiens’ existing employees in India and will also enable the company to further expand in the near future. In August 2017, Sapiens increased its investment in the South African market, by establishing a local office in South Africa .
Sapiens International Corporation Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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