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SAPIENS DECLARES CASH DIVIDEND OF $16.8 MILLION, OR $0.30 PER SHARE, FOR THE SECOND HALF OF 2024 AND A SPECIAL CASH DIVIDEND OF $20.1 MILLION, OR $0.36 PER SHARE, FOR 2024

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ROCHELLE PARK, N.J., March 26, 2025 /PRNewswire/ — Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend, based on second-half 2024 results, of $0.30 per share, or $16.8 million in total. The dividend is in line with the Company’s policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on April 16, 2025 to Sapiens’ shareholders of record as of April 7, 2025. In addition, the board of directors has approved distribution of a special cash dividend of $0.36 per share, or $20.1M in total. The total cash dividend distribution will be $0.66 per share, or $36.9M. The dividend is subject to withholding of Israeli tax at source at the rate of 25% of the dividend amount payable to each shareholder of record.

In reaching its decision to declare the special dividend, the Board of Directors evaluated such factors as the current and foreseeable liquidity and capital needs of Sapiens and felt comfortable issuing the special dividend and rewarding their longstanding shareholders.

“This dividend distribution to Sapiens’ shareholders underscores our company’s financial performance and our unwavering confidence in our strategic execution” stated Roni Al-Dor, President & CEO of Sapiens. “As a management team, we remain confident that strong markets for our products will continue to drive accretive growth and provide significant cash generation.”

Mr. Al-Dor further stated that, “We continued our solid performance in the second half of 2024, including increases in revenue in key markets, such as North America and Europe. I thank our shareholders, customers, partners, and employees for their steadfast loyalty and support, and we look forward to continuing our growth trajectory in the coming years.”

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS-based Solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit https://sapiens.com or follow us on LinkedIn.

Investors and Media Contact
Sapiens
Yaffa Cohen-Ifrah
Chief of Marketing Officer and Head of Investor Relations, Sapiens
+1 917-533-4782
Email: yaffa.cohen-ifrah@sapiens.com

Hayden IR
Brett Maas
Managing Partner, Hayden IR
+1 646-536-7331
brett@haydenir.com

Kimberly Rogers
Managing Director, Hayden IR
+1 541-904-5075
kim@HaydenIR.com

Forward Looking Statements

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by lingering inflationary conditions and relatively high interest rates, which could adversely impact the budgets of our customers and potential customers for capital expenditures, and consequently, our revenues, profitability, and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, geopolitical developments, tariffs and other barriers to cross-border sales, and fluctuations in currency exchange rates , which could adversely affect our results of operations; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, filed on March 26, 2024, and our Annual Report on Form 20-F for the year ended December 31, 2024, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

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SOURCE Sapiens International Corporation

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Athletics legend Eamonn Coghlan joins Consello’s Senior Advisors team in Ireland

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DUBLIN, April 3, 2025 /PRNewswire/ — Consello, the leading global advisory and investing platform, is proud today to announce Irish track legend Eamonn Coghlan has joined its team of Senior Advisors.  

Coghlan will work with Consello’s Leadership Development, Talent and Business Transformation team, which supports leading organisations in Ireland and internationally with designing and implementing comprehensive strategies that attract, build, and sustain high performing teams.

He is widely recognized as one of Ireland’s greatest sporting heroes and one of the world’s most dominant middle-distance runners of his era. Known as the ‘Chairman of the Boards’ for his unrivalled success on the American indoor circuit, he won an astounding 56 consecutive races and claimed a record seven Wanamaker Mile titles at Madison Square Garden. His three indoor mile world records stood as a testament to his enduring excellence, with one of them remaining unbeaten for 18 years. In 1983, he became the first man to run the mile in under 3 minutes and 50 seconds, setting a record time of 3:49.78.

That same year, Coghlan solidified his place in Irish sporting history by becoming Ireland’s first World Athletics Champion, winning the gold medal in the 5,000m at the World Championships in Helsinki. His legendary career was crowned by one of the most remarkable feats in track and field history in 1994 when, at the age of 41, he became the first and only athlete over 40 to run a sub-four-minute mile, clocking 3:58.17 in Boston.

Beyond athletics, Coghlan has demonstrated a deep commitment to public service and youth development. A former Fine Gael Senator, his passion for youth fitness manifested through the ‘Points for Life’ initiative, emphasizing the importance of physical education in schools.

Commenting on his appointment, Consello founder, CEO and Chairman Delcan Kelly said that Eamonn Coghlan will bring unparalleled experience in high performance, leadership and mindset to this Consello offering. “I grew up watching and being inspired by Eamonn Coghlan’s success on the track. I’ve had the good fortune to get to know him later in life and he’s been as inspirational in person as he was watching from a distance. His ability to inspire peak performance and drive success aligns perfectly with our mission to help the best in the world be even better. I’ve also seen what he does at a voluntary level and he’s just an exceptional human being who has a motivational impact on all around him. He will add another layer of experience and insight to a team already laden with world-class talent,” he said.  

Commenting on his role with Consello, Eamonn Coghlan said, “I know Declan for many years and count him not alone a close friend but have also had the opportunity to work with him previously. What he has built with Consello, however, is at another level in terms of the people he has brought on board and what it is doing for the organisations it works with. Throughout my career, I have always strived for excellence, and I see the same dedication to success at Consello. I look forward to bringing my experience in high performance, mindset, and strategy to the team.”

Coghlan joins a team that includes advisors Gary Neville, former Manchester United and England captain; Ronan O’Gara, Ireland and Munster rugby legend and La Rochelle coach; and Paul McGinley, former Irish champion golfer and Ryder Cup captain. The Ireland-based Leadership Development, Talent and Business Transformation team is led by former Tipperary senior hurling manager Liam Sheedy and Jane Mitchell.

Consello’s business in Ireland offers a full suite of advisory services that complement its advisory business around the world, including: 

C-Suite AdvisoryManagement Consulting and Business Development Communications and Public AffairsLeadership Development, Talent and Business Transformation Consello Strive – Sports and Entertainment Advisory Consello Experience – Creative Services

Consello was founded by Declan Kelly almost three years ago and has offices in New York, Miami, Atlanta, London, Barcelona and Dublin. US Partners of the firm include seven-time Super Bowl champion Tom Brady; 23-time Grand Slam winner Serena Williams and six-time NBA All-Star Pau Gasol; and business leaders such as Wendy Clark, former Global CEO of Dentsu; Mindy Grossman, former CEO of WW International and Janey Whiteside, former Chief Customer Officer of Walmart.

About Consello

Consello is an Advisory and Investing Platform.

Consello’s six distinct advisory practices provide the complete strategic counsel today’s leaders need to grow and transform their organizations. Consello’s advisory expertise spans Corporate Advisory; M&A; Growth; Marketing; Technology; and Sports, Entertainment and Leadership Development. Dedicated teams operate in each practice, led by a leadership group with deep operational experience across industries, business growth stages and market cycles and with an expansive set of global corporate relationships.

Consello’s investment business, Consello Capital, identifies high-potential mid-market companies and invests capital and expertise to transform their growth.

Consello Media Inquiries

media@consello.com 

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A Sole Mobile Operator’s Race to Reconnect Myanmar After Earthquake

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NAYPYITAW, Myanmar, April 3, 2025 /PRNewswire/ — In the wake of the 7.7 magnitude earthquake that rocked Myanmar on March 28, a sole mobile operator – Mytel has emerged as a cornerstone of recovery, swiftly restoring communication networks and delivering critical aid to millions impacted by the disaster.

The operator’s response was immediate and far-reaching. Within a day, its engineers deployed dozens of mobile broadcasting stations and activated backup systems, reviving network coverage in the heavily affected cities of Mandalay and Naypyitaw.

This effort was led by Mytel, a leading telecommunications provider in Myanmar and a brand of Viettel Group, known for its commitment to the nation’s connectivity. By April 1, international connectivity was fully restored, and over 90% of the mobile network in the disaster zone was operational again, despite initial damage to more than 2,100 base stations. This rapid action kept essential communication lines open for residents and rescue teams.

Alongside technical efforts, the operator launched an emergency relief initiative within hours of the quake, offering over 4 million customers free access to 1GB of data, 300 call minutes, and 300 SMS messages to reconnect with loved ones and access vital updates. To counter widespread power outages, it set up over 500 mobile charging stations across affected regions. The company also distributed 10,000 meals and nearly 5 tons of food, with plans to expand aid in the coming days.

As Myanmar appealed for global support and international rescue teams arrived, the operator provided crucial assistance. It supplied nearly 1,000 SIM cards to responders, along with 20,000 additional SIMs and 100 Wi-Fi hotspots to streamline coordination. Five mobile base stations were deployed, and 46 existing sites were optimized to boost connectivity for field hospitals and search-and-rescue operations in Mandalay and Naypyitaw. Staff from the operator joined Vietnamese and international teams in hands-on recovery efforts.

A spokesperson emphasized the operator’s commitment: “Our goal is to empower Myanmar’s people through connectivity and support, especially in times of crisis.” Rooted in a mission to advance the nation’s socio-economic development, this mobile operator continues to play a pivotal role in Myanmar’s resilience and recovery.

About Mytel

Mytel is a leading telecommunications operator in Myanmar and a brand of Viettel Group. Launched with a mission to empower the people of Myanmar through digital connectivity and services, Mytel is committed to investing in robust infrastructure and initiatives that contribute to the nation’s progress and the welfare of its citizens.

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SOURCE Viettel Group

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FlyDrive Company PAL-V Clears Essential Certification Milestone

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RAAMSDONKSVEER, Netherlands, April 3, 2025 /PRNewswire/ — The European Union Aviation Safety Agency, EASA has issued a ‘No Technical Objection’ to PAL-V, the Dutch company that developed and is commercialising the world’s first FlyDrive vehicle (Flying Car).

 

 

EASA’s Senior Project Certification Manager for VTOL, Volker Arnsmeier, reinforced the significance of this moment, stating: “This is the first time ever we have issued a No Technical Objection (NTO) for a FlyDrive vehicle in the Innovative Air Mobility sector—a major step toward certifying the PAL-V Liberty.”

The PAL-V Liberty vehicle has been under development since 2008. The vehicle drives on the road and can be quickly converted into an aircraft. By integrating air and road travel into one vehicle, it offers very safe door-to-door, long distance mobility.

The certification for road use was achieved in 2020, and the No Technical Objection is EASA’s endorsement of PAL-V’s detailed compliance demonstration program to finalise flight certification. It confirms that there are no known risks preventing full type certification.

PAL-V is a frontrunner in Advanced Air Mobility (AAM) Markets

Around the world companies are racing to develop novel aviation concepts, driven by innovations in propulsion, composites and software. Unmanned aviation applications have become commonplace and adopted in both military and civilian applications.

Meanwhile, various novel concepts for passenger transportation are being developed. These initiatives are enjoying strong government support in the US, Middle East and Asia. E.g. China made ‘Low Altitude Economy’ a national priority.

PAL-V is now the first company in the sector to reach the last of seven EASA certification phases. EASA is known to adhere to the strictest levels of safety requirements which provides PAL-V a path to global adoption once certified in Europe.

The PAL-V vehicles can both drive on the road and fly through the air using proven gyrocopter technology. Apart from its ‘door-to-door’ ability, the vehicles differentiate themselves with a long range of 500km. PAL-V is leader in the FlyDrive segment, where other companies have attempted to develop FlyDrive concepts, none have achieved a credible path to certification. The NTO from EASA is now proving PAL-V’s path to certification.

Professional and government markets in addition to private buyers

PAL-V’s FlyDrive mobility solution has attracted buyers from the professional and government sectors who recognise the Liberty’s unmatched flexibility, operational efficiency, and cost-effectiveness. In addition, there is a large order book from private buyers.

As demand grows, PAL-V is laying the groundwork for global expansion, including new production facilities and international support networks. EASA’s No Technical Objection milestone paves the way for full-scale production and getting its order book converted into deliveries.

More than a vehicle—A future-proof platform

PAL-V is developing a platform for mobility innovation. While the certification of the Liberty platform is finalised, PAL-V is concurrently planning various customisations, including sustainable fuels and other CO2 neutral drive trains.

Robert Dingemanse, Founder & CEO of PAL-V, states: “This milestone confirms that PAL-V is ready to bring the world’s first certified FlyDrive vehicles to market, transforming mobility forever. Bringing our vehicles to market as quickly as possible has always been our goal.” Dingemanse emphasises: “But when it comes to safety, there are no shortcuts. Our long-term endurance and vision ensure the maturity and sustainability of our business and the viability of the FlyDrive concept.”

Having attained this historic milestone, PAL-V welcomes anyone who wants to be part of its FlyDrive revolution. The future of mobility has arrived.

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