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January 29, 1998

SAPIENS WINS SIEMENS Y2K CONVERSION DEAL

By CBR Staff Writer

Israeli software house Sapiens International Corp has been chosen by Siemens Nixdorf Informationsysteme AG to ready several of Siemens’ marketing, sales and ordering systems for the year 2000. The agreement between Rehovot, Israel-based Sapiens and the German giant is worth $1.2m, and comes on the heels of seven years during which Sapiens, together with IBM Corp, developed order management, marketing and sales systems for Siemens. Sapiens has a variety of products which will scan and convert programs in various computer languages to bypass any year 2000 glitches. One such tool is Falcon, the company’s Full Assembler Language Conversion software for converting old programs in Assembler code to C, thus making it easier to update mainframe and legacy systems for the year 2000. Siemens Nixdorf’s German subsidiary, Computer Gesellschaft Konstanz GmbH, was actually the first company to sign an agreement with Sapiens to market and sell Falcon in Germany, Switzerland and Austria (CI No 3,130). Sapiens reports that it also recently won a similar project at French insurance company AGF worth $14m.

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