SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2020
Commission File Number 000-20181
SAPIENS INTERNATIONAL CORPORATION N.V.
(Translation of Registrant’s name into English)
26 Harokmim St.
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On October 13, 2020, Sapiens International Corporation N.V., or Sapiens, issued a press release announcing the commencement of a proposed underwritten public offering of its common shares, a copy of which is attached hereto as Exhibit 99.1.
The contents of this Report of Foreign Private Issuer on Form 6-K, including Exhibit 99.1 hereto, are hereby incorporated by reference into Sapiens’ registration statement on Form F-3 (SEC File No. 333-232599), which was filed with the SEC on July 11, 2019 and was declared by the SEC as effective on July 26, 2019, and shall be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|Sapiens International Corporation N.V.|
|By:||/s/ Roni Giladi|
|Title:||Chief Financial Officer|
Dated: October 26, 2020
The following exhibits are furnished as part of this Form 6-K:
Sapiens Recognized as a Leader in Gartner’s Magic Quadrant for Life Policy Administration Systems, Europe*
Recognized for Completeness of Vision and Ability to Execute
October 26, 2020 — Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens was positioned as a Leader in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems, Europe*. Sapiens’ CoreSuite for Life & Pension was among nine policy administration systems that met the criteria for being evaluated in the report.
Sapiens’ CoreSuite for Life and Pension supports multiple lines of business for both individual and group life, annuities, investments and medical products ‒ in a single, end-to-end system. It offers a 360-degree view of the customer from the policy administration system, across all distribution channels and communication streams. CoreSuite helps insurers accelerate time to market with streamlined and simplified business processes, and open architecture. The suite now offers one-click, cloud-native architecture for quick and easy provisioning, security and scale.
“I couldn’t be prouder of Sapiens and our Leader position that our company maintains in the European market.,” said Roni Al-Dor, president and CEO, Sapiens. “The success that Sapiens has experienced is the result of its leading, innovative solutions and longstanding insurtech partnerships. Our continued growth, R&D investment and community engagement reflect how essential Sapiens is in enabling our customers to execute digital transformation swiftly and seamlessly.”
Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.
Among 9 total companies evaluated in the report, Sapiens was recognized for its completeness of vision and ability to execute.
“We are thrilled with the industry recognition, especially from a highly respectable organization like Gartner. We believe the acknowledgement validates our strategy and reinforces our commitment to help our customers manage their business administration with leading edge technology,” said Al-Dor.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of the Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
View a complimentary copy of the Magic Quadrant report to learn more about Sapiens’ strengths and cautions, among other providers’ offerings. Click here to view the report.
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.
CMO and Chief of Strategy, Sapiens
+972 546 724 910
*Source: Gartner, “Magic Quadrant for Life Insurance Policy Administration Systems, Europe,” Laurie Shotton, Manav Sachdeva, September 28, 2020.