FOR ADDITIONAL INFORMATION
Lauri Hanover John W. Heilshorn, Jr./Jody Burfening Chief Financial Officer Lippert/Heilshorn & Sapiens
International Associates Inc. Tel: +1-877-554-2426 Tel: +1-212- 838-3777
+972-8-938-2701 E-mail: firstname.lastname@example.org E-mail: email@example.com
BOSCH AND SAPIENS SIGN EURO TRANSITION PROJECT AGREEMENT
Sapiens to Conduct Comprehensive Euro Impact Analysis as First Phase of Project
Research Triangle Park, NC--March 21, 2000--Sapiens International Corporation N.V. (NASDAQ: SPNS)
today announced that Robert Bosch GmbH, one of the most important suppliers of automotive equipment
worldwide ("Bosch"), has entered into a euro transition project agreement with Sapiens regarding the changeover
of Bosch's IT host systems to the single European currency. The agreement follows the successful implementation
of a pilot project, in which Sapiens addressed the full range of business as well as technical issues related to the
The first phase of the project includes the mapping of Bosch's system components into a configuration repository,
followed by a comprehensive impact analysis of the euro changeover on Bosch's IT host systems. At the
customer's request, financial terms of the agreement were not disclosed.
The Sapiens team will work with Bosch on all business as well as technical aspects of the project, including the
identification of Bosch's business needs, the delineation of the scope of the project and the planning, coordination
and implementation of all functional and technical aspects of the euro transition effort.
Sapiens will employ its EuroMigration(TM) solution, including the Euro-Virtual-Machine(TM) and Euro
Configuration Repository (ECR) technologies. Sapiens will manage the project at the customer site with the
assistance of its international support facilities.
Commenting on the project, Dr. Stefan Ihringer, the responsible manager for the euro project, said: "We selected
Sapiens from a field of several leading vendors. The Sapiens team has imp