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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: uu who wrote ()7/13/1998 3:43:00 AM
From: Tumbleweed  Read Replies (1) of 1936
 
How come we all seem to have missed this?

?Agreement between Sapiens and Forecross on *30th June*?

Nothing on the Sapiens web pages that I can find (its not in 'press releases' for example) but it is on the Forecross site.

JoeC

FORECROSS AND SAPIENS PARTNER ON YEAR 2000 SERVICES

New Sapiens/Forecross Partnership Results in Comprehensive Y2K Services Offering Covering the Broadest Range of Computer Languages

Monica Wooden
Senior Vice President
Sapiens Americas
Phone: (919) 405-1518
E-mail: monica.w@sapiens.com
Patricia A. Jones
Investor Relations Manager
Forecross Corporation
Phone: (415) 543-1515
E-mail: patricia_jones@forecross.com

For Immediate Release: June 30, 1998

SAN FRANCISCO, CA: Forecrossr Corporation (VSE-FRX.U), a leading legacy migration and year 2000 solution
company, announced today that it has signed a non-exclusive joint marketing agreement with Sapiens Americas, a subsidiary of
Sapiens International (NASDAQ: SPNSF) and a leading provider of large-scale IT business solutions. As a result of this North
American agreement, both companies offer the capability to analyze and renovate code in sixteen common and unusual
computer languages.

The Forecross year 2000 flagship solution, Complete/2000r analyzes and renovates unique languages as CA-ADSO, APS,
C, C++, Clist, CSP, CA-IDEAL, IMSADF II, MetaCOBOL, PowerBuilder, REXX, and CA-Telon.

Sapiens offers a full range of year 2000 solutions to analyze, convert, and test PL/I, Easytrieve, SAS, and COBOL languages,
and Sapiens Falcon2000TM workbench is the leading tool for Assembler year 2000 compliance. Additionally, the Sapiens
Y2KTM toolkit and testkit feature configuration mapping, audit/verification, and testing capabilities that support the flow of year
2000 and other large scale IT projects.

Commenting on the agreement, Monica Wooden, Senior Vice President, Sapiens: "Forecross has extensive experience
providing services in their unique languages niche, similar to the position Sapiens holds as the worldwide leader in the
Assembler marketplace. This partnership encourages wider distribution and extends greater service offerings to our clients."

"Through this alliance, Forecross and Sapiens now offer the broadest product suite of non-MVS COBOL languages
worldwide, as well as solutions for MVS COBOL," added Bernadette C. Castello, Senior Vice President, Forecross
Corporation. "This unique span of product solutions reinforces our ability to offer prospects and customers solutions for an
extensive range of their multiple language needs."

About Forecross
Founded in 1982 as a high-technology software development laboratory, Forecross Corporation is dedicated to the design and
development of innovative conversion software. Clients have included such leading corporations as Aetna Life Insurance
Company, Brown Brothers Harriman & Company, Charles Schwab & Co., BDM Technologies, Inc., IBM Corporation and
Bank of America NTSA for its migration software services. TRW, Inc. (BDM International), CIBER, Inc., NCR Corporation,
and SCB Computer Technology, Inc., are among the Forecross Complete/2000r teaming partners.

About Sapiens
Sapiens is a leading provider of enterprise-wide solutions for the rapid development of scaleable, mission-critical software
applications. The Company's solutions also are targeted at specialized software redevelopment problems, such as those related
to the "year 2000" and the adoption of a single European currency. Representative customers of Sapiens include AGF/SI,
General Accident Insurance Group, Guardian Royal Exchange, IBM, International Paper, Principal Financial, and Siemens
Energy & Automation. Information about Sapiens and its products is available at sapiens.com.

On Behalf of the Board of Directors,

Bernadette C. Castello
Senior Vice-President and CFO
Forecross Corporation
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