Sapiens International Corp. (www.sapiens.com) has completed a previously announced stock offering in Israel, resulting in gross proceeds of approximately $17.1 million. Sapiens is based in Israel and has its U.S. operations in the RTP.
Company officials said the net proceeds will finance Sapiens' activities as well as activities of its subsidiaries, in accordance with the decisions of its Board of Directors. Sapiens is a global provider of IT business solutions for the insurance industry.