Sapiens International — Earnings Release 2010

Feb 22, 2011

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C001������� ����������� ���������� �� ��2PublicSAPIENS INTERNATIONAL CORPORATION N.V6370Corporation no: 53368Stock Exchange/Market: �������1488379P.O.Box 4011, Rabin Science Park , Nes Ziona 74140 , ,Tel: 08-9382941 , 08-9382701 Fax: 08-9382880E.mail address: andrew.t@sapiens.comDate of transmission: 22/02/2011              Time of broadcast: 07:31 07:21:07

Reference: 2011-02-056985

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Report of Periodic or Interim ReportRegulation 3 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.
Attached hereto is a report on
Sapiens Reports 25% Revenue Growth in Q4 2010 Reaching $14.7M; 2010 Non-GAAP Operating Profit Reached $8.3M
PRQ42010_isa_2.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 13/02/2011
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Name of the Signatory: : Giladi Roni , Position of Signatory in the reporting corporation: Chief Financial Officer , Name of Employer Company: .
Box 4011 Telephone: 08-9382721 , Facsimile: 08-9382730 , E-mail: roni.g@sapiens.com 2