Sapiens ALIS Sets New Records on Over-Night and Month-End Data Processing
ORLANDO, Florida, May 15, 2012 /PRNewswire/ --
At the ACORD LOMA Insurance Systems Forum Sapiens International Corporation N.V. (SPNS) (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions, announces today the detailed results of Sapiens ALIS benchmark on IBM AIX 6, running on Power 6 and Power 7 machines, as conducted at IBM labs in Hursley, UK. With a database of over 800,000 active policies, ALIS was found to be fully capable of handling high load scenarios.
The benchmark test confirms that ALIS is one of the most powerful and robust Life & Pensions applications in the world, suitable for Tier-I and global insurance companies. The results indicated that the system is fully scalable, in a nearly linear way, over the platform used.
All end-to-end overnight batches (including month-end) were completed in less than two hours on the Power 7 configuration and in less than two and a half hours on the Power 6 configuration. The main executed batches were Charges; Billing; Payment dispersal; General Ledger extract; Audit Control; Renewal; and letters production.
Commenting on benchmarking, Mr. Juergen Weiss, Senior Analyst at Gartner, said: "Benchmarking is an important aspect for insurers to assess the future performance of their core insurance application. Gartner sees a tendency among international insurers to establish cross-border transactions, which makes those benchmarks even more important."
Mr. Roni Al-Dor, President & CEO of Sapiens stated: "This benchmark demonstrates the capabilities of ALIS to scale up to the large data processing volumes of Tier-I and global insurers worldwide. I am confident that our customers will find it as a practical aid in planning their computing needs to support their business growth."
About Sapiens International
Sapiens International Corporation is a global provider of innovative software solutions for the insurance industry. We offer end-to-end solutions for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 75 insurance customers, backed by a team of over 700 insurance experts, operating through fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
Except for historical information contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the Company's accounting policies, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.
Osnat Segev-Harel, CMO
Tel: +1-877-554 2426
SOURCE Sapiens International Corporation N.V.