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Sapiens International Corporation : ウィキペディア英語版 | Sapiens International Corporation
Sapiens International Corporation is a publicly traded company, headquartered in Israel, that develops computer software solutions for the insurance industry. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange. As of July 2015, the company has 1,017 employees and a market cap of US$500 million. == History == Sapiens grew out of an initiative, dubbed DB1, undertaken by a group of scientists from the Weizmann Institute of Science during the 1960s to develop a novel object-oriented application generator for use with mainframe computers. One of the driving forces behind the initiative was Tsvi Misinai, a graduate of the Technion who in 1972 went on to spearhead the project. By the late 1970s and early 1980s, in large part owing to rapidly fluctuating inflation rates in Israel and the corresponding demand for a computer platform able to keep up with constant pricing shifts, the Weizmann team, now a company calling itself AAA–Advanced Automated Applications (founded by Tuvi Orbach), began marketing DB1 to domestic large organizations including insurance firms. Subsequently, the company's first overseas client appeared in the form of a London-based international infrastructure firm in 1986. That same year, joined by entrepreneurs Ron Zuckerman and Shaul Shani, the company severed itself from the Weizmann Institute and was incorporated under its new name—Sapiens. By 1990, Sapiens had established a client base encompassing Israel, the United Kingdom, Switzerland, Canada, South Africa, Germany, and Venezuela.〔 In 1990 Sapiens was registered as a public limited liability company in the Netherlands Antilles under the name Sapiens International Corporation N.V. In 1991 Sapiens Latin American Division entered the Brazilian market. In 1992 shares of Sapiens began trading on the NASDAQ exchange. The year 1993 is considered the company's peak, with 900 workers employed at 33 branches around the world and a market cap of US$340 million.〔 During the second half of the 1990 Sapiens focused on developing a business rules technology (eMerge) and Legacy Modernization products and services. The company was highly successful in winning contracts for updating information systems to deal with the Year 2000 problem〔(Sapiens Builds Brandname ), Globes, 14 January 1999〕 and to adapt systems to the changeover to the new single European currency (the 'Euro').〔(La Redoute Awards Sapiens Strategic Euro Transition Project Valued at Several Million Dollar ), PR Newswire, November 13, 1998〕 In 1999 the company's annual revenues reached USD$91, but declined in the following years.〔(Sapiens International Corporation N.V. FORM 20-F 2001 )〕
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