Sapiens Teams with KPI to Deliver Business Decision Management System

Sapiens DECISION, Powered by The Decision Model, Will be the First Solution to Reach BDMM Level 4 Certification

CARY, North Carolina, April 26, 2011 - Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS)
(www.sapiens.com/), a global provider of innovative software solutions
and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), announced
today that it has partnered with Knowledge Partners International
(www.kpiusa.com/), LLC (KPI), the originator of The Decision Model, a
thought leader and innovator in the field of Business Decision Modeling and
Requirements, to deliver DECISION - an innovative business decision
management solution - to the market.

(Logo: www.newscom.com/cgi-bin/prnh/20100811/HS49090LOGO )

The solution, recently selected by a large US financial institution,
helps companies improve their decision management processes. Leveraging
Sapiens' innovative architecture and The Decision Model, Sapiens will now
offer the first software solution to be certified as Business Decision
Maturity Model (BDMM) level 4 (www.kpiusa.com/index.php/BDMM.html).

Sapiens DECISION empowers large organizations to author and manage both
high volume and strategic business decisions, containing complex business
rules, across the enterprise without the intervention of IT. This will result
in higher levels of business agility with more transparent processes.
Consistent with BDMM level 4, the risk and cost of change are reduced,
resulting in a superior overall decision management experience, shorter times
to market and a reduction in the cost of managing in today's regulated
markets.

Using Sapiens DECISION, business rules are written in an
easily-understood format, using standard business terminology, and are
traceable from their sources. Factors impacting the process may be evaluated
and measured. Coupled with a stack of open and standard technology based on
J2EE, DECISION is suitable for an enterprise-level environment.

Sagi Schliesser, CTO of Sapiens International Corporation commented, "We
continuously seek to introduce innovative solutions to the market, and
leverage our experience in delivering large scale business solutions.
DECISION provides a unique value proposition as it was designed from the
business need to visually manage the organization's 'knowledge base', mapped
onto the operational systems, such as ERP, and allows potential changes to be
easily and transparently managed into best decisions. "

Larry Goldberg, Managing Partner of Knowledge Partners International, LLC
(KPI), and co-author of the book "The Decision Model: A Business Logic
Framework Linking Business and Technology" said, "Barbara von Halle, our
founder, and I are excited to see the innovative technology that is built
specifically to support The Decision Model and the enterprise scale of
Business Decision Management implicit at BDMM level 4. Business logic is what
drives the decisions in all businesses. Instead of trying to manage the logic
one-business-rule at a time, The Decision Model groups the rules into their
natural logical sets, creating a structure that makes the model so simple to
understand, communicate and manage. We have chosen to partner with Sapiens
for their ability to deliver a robust business decision management solution
that represents business logic to business users."

About Sapiens International

Sapiens International Corporation N.V. is a leading global provider of
business solutions for the large enterprises, helping modernize business
processes and enabling 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,
the United Kingdom, EMEA and Asia Pacific. For more information, please visit
www.sapiens.com.

About Knowledge Partners International, LLC (KPI)

KPI is the thought leader and innovator in the field of Business Decision
Modeling and Requirements. The company's services enable many of the Global
1,000 companies to discover, organize and manage their business decisions.
KPI offers project leadership to help organizations implement KPISTEP and
FirstSTEP, leading methodologies in the fields of business decisions,
business rules, business process and requirements. The company provides
consulting, training, certification, mentorship and knowledge transfer
services to ensure that clients become self-sufficient in these areas. For
more information, please visit www.kpiusa.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, specific system configurations and
software needs of individual customers and other risk factors detailed in the
Company's SEC filings.

    For More Information
    Osnat Segev-Harel, CMO
    Sapiens International
    Tel: +972-8-938-2721
    osnat.se@sapiens.com

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