Press Office

Patryk Wasilewski IR Manager at Asseco Poland: At Asseco Poland we use a variety of channels to communicate with our shareholders, including dedicated company websites, such as inwestor.asseco.com. We work closely with market analysts and economic and financial media. We participate in a number of investor meetings and conferences, both in Poland and abroad. Moreover, via our official Twitter and LinkedIn profiles we’re active on social media, which forms an important source of information about the company. There you can find not only the latest news on Asseco, but also links to opinions given by our representatives. We’re open to multi-channel communication with the market and we see that shareholders and analysts appreciate this.

Andrzej Dopierała, CEO of Asseco Data Systems: IT has a nationality. Ten out of ten top suppliers for the public sector in the US are from the States. In Poland, on the other hand, five out of ten largest IT suppliers for public authorities are branches of foreign corporations. Further, he stressed that domestic IT companies have the necessary competencies and experience gained, among others, during the implementation of large, complex projects for the central government, which they can use for the benefit of building a secure e-Poland.Dopierała also spoke about the largest hacker attacks perpetrated in recent years and pointed out that their number is growing by 30% year on year. He noted that the state itself is not able to provide sufficient cyber security for the country. This is why the cooperation between the state and the private sector is vital for developing common legal solutions, technology standards, and action plans to counteract cyber attacks and treating them as part of a larger crisis management strategy.Zdzislaw Wiater, Director of the Military Section at Asseco Poland, also devoted much attention to security issues. He moderated and participated in the defense debate. Wiater: The military capability of each state is currently measured not only by the scale of weapons it has but also whether this state uses advanced IT solutions; soon, the latter factor will be decisive when judging each state’s military might and its defense capabilities. He stressed that a skillful combination of new technologies and armed equipment is the key to succeed in the defense sector.Asseco experts also took part in debates on the energy sector and health care. Tomasz Bendlewski, Director of Energy and Gas Division at Asseco Poland : Energy companies must find new sources of income. He indicated that profits brought by sales of electric energy are stable, but not impressive. He argued that the offer addressed to end consumers should be as flexible as possible. However, any changes in the industry should be carried out very carefully and thoughtfully, given the significance of energy security.Krzysztof Groyecki, Vice President of Asseco Poland, participated in the health care debate which addressed the P1 platform, among other issues. Groyecki: A system being designed for more than a year is doomed to fail because the world is changing too fast for that. We paid attention to the need for modularity. No more gigantomania in health care. Projects should be smaller and easy to understand for the people responsible. He also added that according to him, the ‘IT for health care’ concept is already out of date. IT is embedded in health care and, in order to survive within health care, it needs to develop at thus far unseen pace.

Asseco Poland will develop a light-weight, web-based client application for Monitoring and Control of cube-sat experiments. The tool is called EUD4MO (EGOS User Desktop 4 CCSDS Mission Operations Services). The application developed by Asseco will expose the capabilities of Mission Operation Services for Monitoring and Control of satellites to distributed users. These capabilities are based on modern international standards of the Consultative Committee for Space Data Systems (CCSDS) Mission Operations (MO) Framework. Having access to these generic capabilities through a web-interface will reduce costs and facilitate the exchange of experiences and observations between the parties involved. The new project involving Asseco Poland will be carried out for the European Space Operations Centre (ESOC), located in Darmstadt, Germany. It forms part of a larger collaboration between Asseco Poland and the European Space Agency, which dates back to 2014.Zdzisław Wiater Deputy Director of the Public Administration Division at Asseco Poland: Cooperating with ESA on this project gives us an opportunity to gain further experience and to strengthen our competencies within the space sector. This sector will grow rapidly in the coming years. It is, therefore, very important for Polish companies to have a stake in this and be a partner in the implementation of such projects, which are also planned by the government.The European Space Agency is an intergovernmental agency with responsibilities that include the implementation of it member states’ plans in the area of research and space exploration, as well as learning about the Earth and, more generally, the Solar System. As part of its mission it also provides the citizens of Europe and the rest of the world with the benefits from investments in the space sector. Poland officially joined the European Space Agency in 2012.Global objectives of the ESA project were presented in a video format, published by the European Space Agency here: https://www.youtube.com/watch?v=XdGeaJE7yEk

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The view expressed herein can in no way be taken to reflect the official opinion of the European Space Agancy.

Marek Panek, VP of Asseco Poland: Being a Polish company means we are proud to implement this project at the Sejm of the Republic of Poland. Asseco is the largest provider of software and a proven and trusted partner to the public sector. Andrzej Grzegrzółka, Director of the Press Office at the Chancellery of the Sejm: To paraphrase a line originally uttered by the Working Class Woman character from the TV series ‘Czterdziestolatek’, the 21st century made this decision for us by. Modern and innovative technological solutions will improve the professionalism and the security of the work done at the Lower Chamber.The new Voting Support System comes with the right software, as well as dedicated devices, which form part of the equipment in each deputy’s work space in the Assembly Room. Acting as a management panel, these devices are used during the voting process held there. They were designed as to allow for a connection with the central Voting Support System, audio system, and a translation service, all via a local area network (LAN). These readers offer a variety of new features, such as. the possibility to use remote control for people with disabilities, who cannot sit in the deputies’ benches. They also have a color liquid crystal display (LCD) touchscreen, which, among other things, displays the status of a particular vote. Other functionalities include: voice transmission, live and direct from the deputy’s work space through an built-in microphone; and the ability to charge mobile devices through a built-in USB port. The security of the voting will be supervised by an authorization system checking the deputies’ personal ballot.Andrzej Grzegrzółka: Nearly 2 500 voting sessions were held in the Lower Chamber of the Parliament in 2016 alone. This is the largest amount for quite some time. Deputies are working very hard and the current system is in place since 2001. Chancellery of the Sejm chose the best offer, in every respect. Andrzej Dopierała, President of the Board at Asseco Data Systems: It is worth noting that this project will require us to work under substantial time pressure. We will have to perform the entire implementation within a single month.A consortium consisting of Asseco Data Systems (acting as consortium leader), Asseco Poland, and Asseco Lithuania will be responsible for the implementation of the new system. Marek Panek: This is an example of cooperation between Asseco Group member companies. We will take advantage of the experiences of our Lithuanian team, which has already completed a similar project at the Lithuanian Parliament.The implementation will be carried out during a break in the proceedings of the Lower Chamber of Parliament. Removal and replacement of the existing equipment, conducting of all the necessary system tests and installation modifications, in case such a need arises, are scheduled for August 2017.

Holon, Israel – February 15, 2017 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that it has entered into a definitive agreement (subject to customary closing conditions) to acquire privately held StoneRiver, Inc., for approximately $102 million in cash (subject to certain adjustments). StoneRiver delivers a wide range of solutions and services for the insurance industry in North America.Headquartered in Denver, Colorado, StoneRiver’s versatile product portfolio is comprised of a policy administration suite, rating, underwriting, illustrations, reinsurance, and finance & compliance solutions for all major insurance business lines, across both property and casualty (P&C) and life and annuities (L&A). StoneRiver’s rich set of solutions complements Sapiens’ existing offerings, and will allow Sapiens to accelerate its growth in the U.S. market and globally. StoneRiver currently services more than 200 U.S. insurance customers, and has a team of approximately 500 insurance professionals.

“Joining forces with StoneRiver significantly expands Sapiens’ presence and scale in the North American insurance industry, and specifically helps us further accelerate our growing market footprint in the U.S. P&C space,” said Roni Al-Dor, Sapiens president and CEO. “Moreover, the deal is closely aligned with our M&A growth strategy that is centered on three key factors: growing our customer base, expanding geographically and adding complementary solutions to our portfolio – all while we ensure our continued high quality of services and product delivery. StoneRiver is an acquisition that meets all of our criteria. In the past six years Sapiens completed and integrated successfully eight acquisitions”.

Al-Dor continued, “Sapiens is confident that with StoneRiver, we strengthen our position as a leading innovative global software solutions provider, offering end-to-end solutions to the global insurance industry. We look forward to welcoming the StoneRiver team and combining best practices and capabilities, which will create greater value for our mutual customers and shareholders.”

Donald Light, Director in Celent’s North America Property/Casualty Practice, commented, “The continuing wave of insurance technology M&A activity demonstrates how insurance companies value working with providers who offer a full suite of solutions. Sapiens’ acquisition of StoneRiver is a major step forward in its global growth. This acquisition broadens and deepens Sapiens’ ability to enable US insurers as they continue their digital and modernization journeys.”

The acquisition of StoneRiver expands Sapiens’ North American P&C portfolio with StreamSuite™, a state-of-the-art insurance suite targeting the higher tier carriers, complementing Sapiens’ Stingray solution that is targeting the lower tier in the sector. The company will also gain entry into the workers’ compensation sector, a new area for Sapiens. Combining Sapiens’ and StoneRiver’s reinsurance solutions is expected to create a comprehensive market offering and will allow Sapiens to better serve its customers.Sapiens L&A offering will be enhanced by StoneRiver’s stand-alone products in illustration (LifePortraits), eApp (Life Apply) and underwriting (Life Suite). The addition of these products to the Sapiens ALIS software suite, together with the company’s digital suite that includes Sapiens Intelligence and Sapiens Portal, will enable Sapiens to offer a comprehensive and even stronger portfolio of solutions to the life and annuities sector.

StoneRiver president and CEO Gary Anderson commented, “We are excited to join Sapiens, a leading software solution provider with a rich 30-plus years of history and proven experience delivering enterprise-scale technology globally. Like StoneRiver, Sapiens is focused on the insurance industry and delivering high value end-to-end solutions of core products and services. Sapiens’ scale, financial strength, industry relations and innovative technologies will be a great benefit to current StoneRiver customers and will open up new opportunities for our employees and partners. We look forward to working with Sapiens to achieve a seamless transition and to significantly expand Sapiens’ North American presence.”

StoneRiver estimated Non-GAAP full year 2016 revenues are $80 million and the company is profitable. Sapiens’ management expects this transaction to be accretive to earnings starting with the third quarter of 2017. The transaction is expected to be completed by the end of the first quarter of 2017. Upon completion, StoneRiver will become wholly owned by Sapiens.Sapiens will provide full-year 2017 guidance for the combined organizations when reporting 2016 annual results at the end of February 2017.

Asseco has years of experience in creating solutions that meet the highest security standards for central and local authorities. Our approach in building a modern and safe state is a thoroughly comprehensive one, covering all angles; as opposed to doing it in a piecemeal way. During Computerworld’s State 2.0 conference we will share our knowledge and expertise in this area. Our experts will include:Andrzej Dopierała – CEO of Asseco Data Systems – who will discuss the vision of building a secure e-PolandKrzysztof Groyecki – VP Asseco Poland – who will take part in the debate on health careTomasz Bendlewski – Director of the Energy and Gas Division at Asseco Poland – who will participate in the debate on energyZdzislaw Wiater – Director of the Military Section at Asseco Poland – who will act as moderator for the ‘National Defense 2.0’ debate