Sapiens to Showcase Innovative Solutions at the 27th Annual Needham Growth Conference

We are excited to announce that Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, will be participating in the 27th Annual Needham Growth Conference on January 15, 2025. The conference, which will be held at the Lotte New York Palace Hotel in New York City, brings together prominent investors, industry experts, and innovative companies to discuss the latest trends and opportunities in the technology and growth sectors.

Sapiens' Participation in the Needham Growth Conference

Sapiens will be showcasing its innovative solutions and sharing its strategic vision for the coming year at the conference. The company's management team will be on hand to discuss Sapiens' recent financial results, market trends, and growth prospects with investors and industry professionals. This is an excellent opportunity for Sapiens to connect with potential clients, partners, and investors, and to highlight its unique value proposition in the insurance software market.

Key Trends and Insights Sapiens Hopes to Gain

By participating in the Needham Growth Conference, Sapiens aims to gain insights into several key industry trends and developments:

1. Digital Transformation and Cloud Migration: Sapiens is interested in understanding the latest trends and best practices in digital transformation and cloud migration within the insurance industry. This includes learning about successful cloud migration strategies and how other companies are leveraging cloud technologies to improve operational efficiency and customer experience.
2. Growth in North America: Sapiens is keen on exploring opportunities for growth in the North American market. By attending the conference, they aim to gain insights into the market dynamics, customer preferences, and competitive landscape in this region. This will help them refine their strategies to capitalize on the growth potential in North America.
3. Platform Deals and Cloud-based Customers: Sapiens is interested in learning more about the trends related to platform deals and the growth of cloud-based customers within the insurance industry. By understanding these trends, Sapiens can better position itself to capitalize on these opportunities and further expand its customer base.
4. Macroeconomic Environment and Currency Headwinds: Sapiens is likely to gain insights into the macroeconomic environment and currency headwinds that may impact the insurance industry. This information will help Sapiens better navigate the market and make informed decisions about its business strategies.
5. Emerging Technologies: Sapiens is interested in understanding the latest developments in emerging technologies, such as artificial intelligence, machine learning, and data analytics, and how these technologies can be leveraged to drive innovation and improve business outcomes in the insurance industry.

How Sapiens' Participation Will Influence Its Product Development and Roadmap

Sapiens' participation in the Needham Growth Conference will likely influence its product development and roadmap for the coming year in several ways:

1. Gathering Market Insights: Conferences like the Needham Growth Conference provide valuable opportunities to gather market insights and understand the needs and challenges faced by insurance companies. By engaging with attendees, Sapiens can gain a better understanding of industry trends, customer preferences, and emerging technologies. This information can then be used to inform product development and ensure that Sapiens' solutions remain relevant and competitive in the market.
2. Identifying Partnership Opportunities: Conferences are also excellent platforms for identifying potential partnership opportunities. By networking with other industry players, Sapiens can explore collaborations that could enhance its product offerings or expand its reach. For instance, Sapiens could partner with complementary technology providers to integrate their solutions and create more value for customers. This could lead to new product features or services being added to Sapiens' roadmap.
3. Feedback and Validation: Participating in conferences allows Sapiens to receive direct feedback from customers and industry experts. This feedback can be invaluable in validating the company's product development efforts and identifying areas for improvement. For example, if Sapiens receives positive feedback about a particular feature or service, it may prioritize its development in the coming year. Conversely, if customers express dissatisfaction with a certain aspect of Sapiens' offerings, the company may choose to address this issue in its product roadmap.
4. Staying Ahead of the Competition: Conferences provide an opportunity for Sapiens to learn about its competitors' product roadmaps and strategies. By staying informed about industry developments, Sapiens can ensure that its own product development efforts remain competitive and innovative. For instance, if a competitor announces a new product or feature, Sapiens may choose to accelerate the development of a similar offering to maintain its market position.

In conclusion, Sapiens' participation in the 27th Annual Needham Growth Conference is an excellent opportunity for the company to showcase its innovative solutions, connect with potential clients and investors, and gain valuable insights into key industry trends and developments. By leveraging these insights, Sapiens can create a more informed and effective product roadmap that addresses the needs of its customers and the broader insurance industry.