Sapiens Announces Uplisting to the Nasdaq Global Select Market®

Rhea-AI Summary

Sapiens International Corporation (NASDAQ: SPNS) announced its approval for uplisting to the Nasdaq Global Select Market®, effective September 8, 2020. This milestone highlights Sapiens' robust growth and financial performance. CEO Roni Al-Dor emphasized the company's commitment to customer-centric digital solutions that drive operational improvements and profitability. Over its 35 years in the market, Sapiens has developed platforms and services tailored for various segments within the insurance industry, enabling clients to meet modern consumer demands.

Positive

• Uplisting to the Nasdaq Global Select Market indicates strong growth and financial health.
• Emphasis on customer-centric solutions supports operational improvements and profitability.
• Over 35 years of experience with a global client base of over 500 organizations.

Negative

• None.

HOLON, Israel, Sept. 8, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance sector, announced that effective as of the market open today, Tuesday, September 8th, its shares of common stock have been approved for uplisting to the Nasdaq Global Select Market^® and will continue trading under its current ticker symbol SPNS.

"Meeting the requirements for the Nasdaq Global Select Market^® demonstrates Sapiens' strong growth and financial performance in recent years," said Roni Al-Dor, President & CEO of Sapiens. "Sapiens has invested in developing leading products and expanding our presence in strategic markets, resulting in gross margin expansion and operational improvement that has grown our profitability. Our emphasis on customer-centricity has been the cornerstone of our growth and success. Working in tandem with insurers, our partners, we have helped them embrace digital transformation and offer the personalized and streamlined services modern consumers expect. I want to thank our stakeholders, our customers and our dedicated global employee base, as we work diligently to execute our growth strategy, provide products that offer tangible value and improve shareholder value."

About Sapiens

Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements. For more information: www.sapiens.com.

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Investor Relations Contact
Kimberly Rogers 
Managing Partner
Hayden IR
+1 (949) 468-8124 
kim@haydenir.com

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SOURCE Sapiens International Corporation

FAQ

What does Sapiens' uplisting to the Nasdaq Global Select Market mean for investors?

It signifies Sapiens' strong financial performance and potential for increased visibility and liquidity in the market.

When did Sapiens International Corporation uplist to Nasdaq?

Sapiens announced its uplisting to the Nasdaq Global Select Market on September 8, 2020.

What is the significance of Sapiens' uplisting for its business operations?

The uplisting reflects Sapiens' growth strategy and commitment to delivering value to its stakeholders and improving shareholder value.

Under what ticker symbol does Sapiens trade on the Nasdaq?

Sapiens continues to trade under its current ticker symbol SPNS.

How has Sapiens performed in the insurance software market?

Sapiens has a proven ability to satisfy the needs of over 500 organizations globally, showcasing its strong position in the insurance software sector.