<SEC-DOCUMENT>0001013762-25-002407.txt : 20250326
<SEC-HEADER>0001013762-25-002407.hdr.sgml : 20250326
<ACCEPTANCE-DATETIME>20250326063834
ACCESSION NUMBER:		0001013762-25-002407
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20250326
FILED AS OF DATE:		20250326
DATE AS OF CHANGE:		20250326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAPIENS INTERNATIONAL CORP N V
		CENTRAL INDEX KEY:			0000885740
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			P8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20181
		FILM NUMBER:		25770058

	BUSINESS ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
		BUSINESS PHONE:		97289382777

	MAIL ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea0235453-6k_sapiens.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>WASHINGTON D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Report of Foreign Private
Issuer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Pursuant to Rule 13a-16
or 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>of the Securities Exchange
Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">For the month of&nbsp;<B>March
2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">Commission File Number&nbsp;<B>000-20181</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SAPIENS INTERNATIONAL
CORPORATION N.V.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Translation of registrant&rsquo;s
name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Azrieli Center</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>26 Harokmim St.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Holon, 5885800 Israel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Address of principal
executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">Form 20-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>&nbsp;
Form 40-F&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Dividends Declaration</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">On March 26, 2025, Sapiens International Corporation
N.V. (&ldquo;<B>Sapiens</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;) issued a press release entitled &ldquo;Sapiens Declares Cash Dividend
of $16.8 Million, or $0.30 Per Share&mdash; For the Second Half of 2024, and a Special Cash Dividend of $20.1 Million, or $0.36 Per Share,
for 2024&rdquo;, in which Sapiens announced semi-annual and special dividends in respect of its results of operations for the second half,
and the entirety, respectively, of the year ended December 31, 2024. A copy of that press release is furnished as Exhibit 99.1 hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">In the foregoing press release, Sapiens announced
that its board of directors had approved the distribution of a semi-annual cash dividend of $0.30 per share, or $16.8 million in total.
That dividend is in line with the Company&rsquo;s policy of distributing, on a semi-annual basis, up to, in the aggregate, 40% of its
annual non-GAAP net income. In addition to that semi-annual dividend, Sapiens&rsquo; board of directors has declared a special cash dividend
of $0.36 per share, or $20.1 million in total, for the entirety of 2025. In total, the dividends constitute a cash distribution of $0.66
per share, or $36.9 million, in the aggregate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">The dividends will be paid on April 16, 2025
to Sapiens&rsquo; shareholders of record as of April 7, 2025. The dividends are subject to withholding of Israeli tax at source at the
rate of 25% of the dividend amounts payable to Israeli individual, and non-Israeli, shareholders of record.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B><I>Exhibits</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.45pt; background-color: white">The
following exhibit is furnished as part of this Form&nbsp;6-K:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.45pt; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left; vertical-align: bottom; width: 9%"><FONT STYLE="font-size: 10pt"><B>Exhibit</B> &nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center; width: 90%"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><A HREF="ea023545301ex99-1_sapiens.htm"><FONT STYLE="font-size: 10pt">Press release issued by Sapiens on March 26, 2025 entitled &ldquo;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&rdquo;</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.45pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B><I>Incorporation by
Reference</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 35.45pt; background-color: white">The
contents of this Report of Foreign Private Issuer on Form 6-K (excluding Exhibit 99.1) are incorporated by reference into the Company&rsquo;s
Registration Statements on Form S-8 (SEC file numbers <A HREF="https://www.sec.gov/Archives/edgar/data/885740/000121390021053274/ea148889-s8_sapiensinter.htm">333-260325</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/885740/000114420416125535/v449493_s8.htm">333-213817</A> and <A HREF="https://www.sec.gov/Archives/edgar/data/885740/000114420411062264/v239799_s8.htm">333-177834</A>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.45pt; background-color: white">&nbsp;</P>


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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SIGNATURES</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35.45pt; background-color: white">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

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    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">SAPIENS INTERNATIONAL CORPORATION N.V.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%"><FONT STYLE="font-size: 10pt">Date: March 26, 2025</FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 37%"><FONT STYLE="font-size: 10pt">/s/ Roni Giladi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Roni Giladi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white">&nbsp;</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea023545301ex99-1_sapiens.htm
<DESCRIPTION>PRESS RELEASE ISSUED BY SAPIENS ON MARCH 26, 2025 ENTITLED "SAPIENS DECLARES CASH DIVIDEND OF $16.8 MILLION, OR $0.30 PER SHARE
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SAPIENS DECLARES CASH DIVIDEND </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF $16.8 MILLION, OR $0.30 PER SHARE, FOR THE
SECOND HALF OF 2024 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND A SPECIAL CASH DIVIDEND OF $20.1 MILLION,
OR $0.36 PER SHARE, FOR 2024.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Rochelle Park, N.J., March 26, 2025</B> --
Sapiens International Corporation N.V. (Nasdaq, 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&rsquo;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&rsquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">In reaching its decision to declare the special
dividend, the Board of Directors evaluated such factors as&nbsp;the&nbsp;current&nbsp;and&nbsp;foreseeable&nbsp;liquidity and&nbsp;capital&nbsp;needs&nbsp;of&nbsp;Sapiens
and felt comfortable issuing the special dividend and rewarding our longstanding shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&ldquo;This dividend distribution to Sapiens&rsquo;
shareholders underscores our company&rsquo;s financial performance and our unwavering confidence in our strategic execution&rdquo; stated
Roni Al-Dor, President &amp; CEO of Sapiens. &ldquo;As a management team, we remain confident that strong markets for our products will
continue to drive accretive growth and provide significant cash generation&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Mr. Al-Dor further stated that &ldquo;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.&rdquo;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Sapiens</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">Sapiens International
Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS-based software solutions. With Sapiens&rsquo; 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&rsquo; compensation, and life insurance, including reinsurance, financial
&amp; compliance, data &amp; 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.&#8239;&#8239;&nbsp;For more information visit https://sapiens.com or follow us on LinkedIn.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investors and Media Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Sapiens</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Yaffa Cohen-Ifrah</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief of Marketing Officer and Head of Investor Relations, Sapiens</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1 917-533-4782</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Email: yaffa.cohen-ifrah@sapiens.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Hayden IR</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brett Maas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Managing Partner, Hayden IR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+1 646-536-7331</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">brett@haydenir.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kimberly Rogers<BR>
Managing Director, Hayden IR<BR>
+1 541-904-5075<BR>
kim@HaydenIR.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="ex99-1_002.jpg" ALT="">&nbsp;</P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">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 &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo;
&ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;plan&rdquo; 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&#894; the degree of our success in integrating the companies that we have acquired through the
implementation of our M&amp;A growth strategy&#894; the lengthy development cycles for our solutions, which may frustrate our ability
to realize revenues and/or profits from our potential new solutions&#894; our lengthy and complex sales cycles, which do not always result
in the realization of revenues&#894; the degree of our success in retaining our existing customers or competing effectively for greater
market share&#894; 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&#894;
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&#894; the challenges and potential liability that heightened privacy laws and regulations pose to our
business&#894; occasional disputes with clients, which may adversely impact our results of operations and our reputation&#894; various
intellectual property issues related to our business&#894; potential unanticipated product vulnerabilities or cybersecurity breaches of
our or our customers&rsquo; systems&#894; risks related to the insurance industry in which our clients operate&#894; 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&#894; and
risks related to our principal location in Israel and our status as a Cayman Islands company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">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 &ldquo;Risk Factors&rdquo; 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;<IMG SRC="ex99-1_002.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
