Fintech PR
Sapiens ReinsuranceMaster Platform Named as “Luminary” Solution in Celent Ceded Reinsurance Solutions Global Report
ROCHELLE PARK, N.J., July 31, 2023 /PRNewswire/ —Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens ReinsuranceMaster was recognized as a “Luminary” solution in Celent’s 2023 Ceded Reinsurance Solutions Global Report.
Research and consulting firm Celent profiled 12 global ceded reinsurance solutions. This year’s report contains the Technical Capability Matrix, which ranks solutions according to Advanced Technology and Breadth of Functionality. Sapiens ReinsuranceMaster was named a “Luminary” solution, the top tier in the matrix, for Advanced Technology and Breadth of Functionality.
“Seeing Sapiens’ ReinsuranceMaster solution receive this recognition indicates how reinsurance experts are taking notice of our exceptional products,” said Roni Al-Dor, Sapiens President and CEO. “This honor not only solidifies our position as a reinsurance market leader, but also reaffirms our ongoing commitment to providing exceptional technology solutions for the insurance industry.”
Sapiens ReinsuranceMaster is a comprehensive business and accounting solution designed to support the entire range of reinsurance contracts and activities for all P&C lines of business. This state-of-the-art software solution enables carriers to handle all reinsurance activities on a single platform. It provides flexible and full financial control of reinsurance processes, including support of all auditing requirements and statutory compliance. To download the report, click here
About Sapiens
Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn.
Media and Investor’s Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
[email protected]
Forward-Looking Statements
Certain matters discussed in this press release that are incorporated herein 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 “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to pandemic 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; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning and managing changes in the size of our operations; 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; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
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 “Risk Factors” in our most recent Annual Report on Form 20-F, 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.
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View original content:https://www.prnewswire.co.uk/news-releases/sapiens-reinsurancemaster-platform-named-as-luminary-solution-in-celent-ceded-reinsurance-solutions-global-report-301889161.html
Fintech PR
Visionet strengthens European presence with the strategic acquisition of Rödl Dynamics
CRANBURY, N.J. and BERLIN, Nov. 5, 2024 /PRNewswire/ — Visionet Deutschland GmbH, a subsidiary of Visionet Systems Inc., has announced the acquisition of Rödl Dynamics GmbH. Rödl Dynamics GmbH is an affiliate of Rödl & Partner, one of the largest auditing and consulting firms in Germany. Rödl Dynamics specializes in digital transformation solutions with a focus on Microsoft Dynamics ERP, CRM, and Business Intelligence for medium-sized enterprises. This acquisition strengthens Visionet’s local presence in Germany and bolsters its Microsoft Dynamics offerings in the European market. With the combined expertise of a robust onshore team and Visionet’s global delivery expertise, Visionet is poised to deliver scalable digital solutions across industries, solidifying its position as a leading digital solutions provider in Europe.
“This acquisition marks a significant milestone in Visionet’s global growth strategy, bringing us closer to our goal of $1 billion in revenue. Together, we are well-positioned to leverage our global consulting and delivery expertise to drive digital innovation and support enterprise customers in achieving their strategic goals,” stated Kamran Ozair, CEO of Visionet Systems Inc.
“With Rödl Dynamics, we are even better equipped to deepen our impact in the European region. This acquisition strengthens our Microsoft consulting capabilities globally, allowing us to expand our offerings to a broader customer base and solidify Visionet’s position as a trusted advisor for digital transformation,” added Ali Zubairy, Head of Europe & UK, Visionet Systems Inc.
“We are gaining an incredibly talented team from Rödl Dynamics. I would like to welcome Andreas Palsbröker and Rene Richartz, the Managing Directors of Rödl Dynamics who will play a crucial role in the growth of Visionet Deutschland,” said Adeel Edhi, General Manager, Visionet Deutschland.
With this strategic acquisition, Visionet Deutschland benefits from an expanded base of customers and a skilled Microsoft consulting team. The acquisition also strengthens Visionet’s consulting and data capabilities, particularly in the areas of finance, supply chain, manufacturing and retail.
The combined expertise and expanded pool of certified professionals allows Visionet to offer first-class digital transformation solutions, far beyond ERP, to both national and international clients.
The acquisition is supported and advised by Visionet Ventures, the innovation and incubation arm of Visionet Systems Inc. that partners with visionary entrepreneurs to accelerate growth and create lasting impact.
About Visionet Systems Inc.
Visionet is a leading IT services firm delivering digital experiences, enterprise modernization, Data & AI applications, and managed IT services. We leverage digital, data, and cloud technologies to meet clients’ needs efficiently. Serving diverse sectors, we simplify complexities and foster innovation. With a global presence, Visionet ensures measurable business impact and a unique partnership experience.
Learn more at visionet.com.
About Rödl Dynamics GmbH
Rödl Dynamics GmbH, an affiliate of Rödl & Partner, focuses on the digital transformation of business processes, delivering tailored ERP, CRM, and Business Intelligence solutions. Leveraging the full Microsoft technology stack, Rödl Dynamics integrates seamless digital solutions for medium-sized enterprises, especially in the retail and services sectors.
For more information, visit Microsoft Dynamics 365 erfolgreich einführen | Rödl Dynamics (roedldynamics.de)
For media queries, please contact [email protected].
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View original content:https://www.prnewswire.co.uk/news-releases/visionet-strengthens-european-presence-with-the-strategic-acquisition-of-rodl-dynamics-302296450.html
Fintech PR
SynFutures Introduces the First ‘Perp Launchpad’ with $1M Grant to Support Emerging Token Projects
The new product enables anyone to launch perpetual futures markets for any asset, fostering innovation in the DeFi space amid the rise of memecoins and long-tail assets.
HONG KONG, Nov. 5, 2024 /PRNewswire/ — SynFutures (www.synfutures.com), a leading decentralized derivatives protocol, today announced the launch of its Perp Launchpad, the first launchpad product focused on derivatives markets rather than spot markets. The new product allows any project to launch perpetual futures markets for any native asset. Alongside this launch, SynFutures is unveiling a $1 million Perp Launchpad Grant program to support emerging projects in listing their tokens and enhancing their visibility within the rapidly expanding on-chain markets.
The crypto market has recently witnessed a surge in memecoins and other long-tail assets capturing the attention of retail traders. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures’ Perp Launchpad enables projects to unlock new token demand and utility, providing their communities with passive LP (liquidity provider) rewards and more ways to trade and hedge risk through leveraged perpetual futures trading.
Perp Launchpad also pioneers the on-chain derivatives space by supporting coin-margined perp markets with single token concentrated liquidity, as well as a vault feature that helps optimize liquidity to generate consistent yields for liquidity providers.
Launching First on Base
The initial launch of Perp Launchpad will take place on Base, allowing projects to launch perp trading pairs for any native asset on the growing L2 network. The launch follows a successful launchpad pilot program with established LST, LRT, and stablecoin projects like Lido, Solv Protocol, and PumpBTC.
SynFutures has been a significant contributor to the Base ecosystem growth. Since the Base expansion of V3, the latest iteration of the SynFutures protocol in July 2024, SynFutures has accounted for more than 50% of the total derivatives trading volume on Base, amounting to over $23 billion in cumulative trading volume and 138,000 on-chain users.
$1 Million Grant Program for Emerging Projects
To further support emerging projects and cultivate a thriving on-chain derivatives ecosystem, SynFutures has allocated $1 million through the Perp Launchpad Grant. Individual projects can receive grants in the form of campaign support, liquidity provision, and trading incentives, as well as co-marketing and promotional support to activate new listings.
“Providing access to derivatives markets for emerging tokens is crucial in today’s dynamic trading environment,” said Rachel Lin, Co-Founder and CEO at SynFutures. “By enabling perpetual futures markets for new and trending tokens, we’re not only meeting the market demand but also supporting the growth and diversification of the DeFi ecosystem. Our Perp Launchpad and Grant Program are designed to empower these projects, offering them the tools and resources they need to bring more utility and depth to their tokens.”
The Perp Launchpad Grant builds upon SynFutures’ successful track record of supporting emerging tokens. Previous initiatives like the DAO Perps Program and Meme Perp Summer have supported various projects, including DEGEN and MEW, both of which have seen significant success since their listings on V3 in July and August 2024, respectively.
Unique Opportunities for Traders
For traders, the Perp Launchpad offers the chance to access a wider range of assets, including trending tokens that may not be available on other platforms across CeFi and DeFi. As memecoins and long-tail assets continue to drive attention, traders can engage in leveraged trading to capitalize on market movements and potential arbitrage opportunities. The platform also offers various incentives such as trading competitions and promotional events, providing traders with additional avenues to enhance their returns while participating in the on-chain economy.
Applications Now Open
Applications for the Perp Launchpad Grant are now open and will be accepted on a rolling basis. Eligible projects are encouraged to submit applications via the application form, check eligibility requirements at http://launchpad.synfutures.com/.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and on-chain order book model.
Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.
View original content:https://www.prnewswire.co.uk/news-releases/synfutures-introduces-the-first-perp-launchpad-with-1m-grant-to-support-emerging-token-projects-302292827.html
Fintech PR
Taking Stock: Industry Leaders Discuss Private Equity’s Evolution and Future to Mark Dechert’s 40th Anniversary in PE
LONDON, Nov. 5, 2024 /PRNewswire/ — 2024 marks the 40th anniversary of Dechert’s global private equity practice. In a special episode of the podcast Committed Capital, Blackstone’s Christopher James, KKR’s John Park, and AB Private Credit Investors’ Jay Ramakrishnan join Ken Young, co-chair of Dechert’s corporate and securities practice and co-head of the global private equity group, to reflect on the evolution of the PE industry, from its humble beginnings to its current scale and complexity.
Among other topics, they discuss the diversification of investment strategies from pure buyout shops to massive alternative asset managers, the evolution and the role of private credit in the private equity ecosystem, and the increasing ability for retail investors to access private markets strategies.
Listen to the full podcast here.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
View original content:https://www.prnewswire.co.uk/news-releases/taking-stock-industry-leaders-discuss-private-equitys-evolution-and-future-to-mark-decherts-40th-anniversary-in-pe-302296594.html
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