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Sapiens International Corporation
Sapiens International Corporation is a publicly traded company, headquartered in Israel, that develops computer software for the insurance industry, Sapiens' shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange. As of July 2022, the company has a market cap of $1.39 billion. History Sapiens grew out of an initiative, dubbed DB1, undertaken by a group of scientists from the Weizmann Institute of Science during the 1970s to develop a novel object-oriented application generator for use with mainframe computers. One of the driving forces behind the initiative was Tsvi Misinai, a graduate of the Technion, who in 1972 spearheaded the project. He teamed up with Shai Sole, Shmuel Timor and Eli Raban. By the late 1970s and early 1980s, the Weizmann team, partnered with a local Israeli company, Advanced Automated Applications (AAA, which was founded by Tuvi Orbach). In 1984, the Weizmann team established its own company, which was later merged with AAA a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shaul Shani
Shaul Shani ( he, שאול שני; born c. 1955) is an Israeli businessman in the technology industry, and the owner of Swarth Group. Early life Shaul Shani was born circa 1955. He grew up in Kiryat Eliezer, Haifa. His father worked at the Port of Haifa Career Shani started investing in the 1980s. He founded Oshap Technologies in 1982. It was listed on the NASDAQ three years later, in 1985. By 1999, he sold it to SunGard for US$210 million. He was also a co-founder of Sapiens International Corporation and Tecnomatix, two companies listed on the NASDAQ which he later sold. He founded Global Village Telecom, a Brazilian telecommunications company, in 1999.Secretive Israeli Billionaire Invested In Tech Before It Wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silicon Wadi
Silicon Wadi ( he, סִילִיקוֹן וְאֵדֵי, ) is a region in Israel that serves as one of the global centres for advanced technology. It spans the Israeli coastal plain, and is cited as among the reasons why the country has become known as the world's " start-up nation" (see science and technology in Israel). The highest concentrations of high-tech industry in the region can be found around Tel Aviv, including small clusters around the cities of Raʽanana, Petah Tikva, Herzliya, Netanya, Rehovot, and Ness Ziona. Additional clusters of high-tech industry can be found in Haifa and Caesarea. More recent high-tech establishments have been raised in cities such as Jerusalem and Beersheba, in towns such as Yokneam Illit, and in Airport City. Etymology The term "Silicon Wadi" is a pun-name derived from a similarly high-tech region in the United States known as Silicon Valley, which is located in California. The word "wadi" derives from the Arabic "واد", meaning ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
StoneRiver
StoneRiver, Inc. is a vendor and service provider in the insurance technology marketplace, providing Life/Annuity, Property & Casualty (P&C)/Workers’ Compensation, reinsurance, financial and compliance software. The company is wholly owned by Sapiens International Corporation, (NASDAQ and TASE: SPNS), a provider of software for the insurance industry, with a growing presence in the financial services sector. StoneRiver sells products for policy administration, claims, billing, reinsurance administration, agency management, client management, Life automated underwriting, e-applications, and illustrations. The company's financial and compliance offerings encompass software for annual statement preparation, general ledger, financial reporting and payments. Headquartered in Denver, CO, StoneRiver has locations throughout U.S. including California, Colorado, Florida, and Ohio. History In 2017 Sapiens International Corporation acquired StoneRiver from Stone Point Capital and Fiserv. P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Then, int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, cyber-attack, and theft. History Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire converted the development of insurance "from a matter of conv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TTI Telecom
TTI Telecom, founded in 1992, is a developer and provider of next generation Operations Support Systems (OSS) to large communications service providers. TTI Telecom is based in Rosh Ha'ayin, Israel and operates subsidiaries in 7 other countries. In August 2010 TTI Telecom was acquired by TEOCO Corporation. History TTI Telecom was incorporated in 1990 and commenced its operations in 1992 as a subsidiary of Team Computers and Systems Ltd., after having operated as a division of Team Computers since 1988. TTI Telecom shares have been traded on the NASDAQ Global Market under the symbol since an initial public offering of a minority stake of its shares in December 1996 when it was still a Team Computers subsidiary. In April 2005, TTI Telecom ceased to be a subsidiary of Team Computers. In 2011, TTI challenged the Indian tax authorities in a case brought before the Indian Income Tax Appellate Tribunal in Mumbai. The court ruled in TTI's favor, ruling that software receipts were not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Formula Systems
Formula Systems () is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries it operates mainly in the area of information technology. Shares of Formula Systems are traded on the NASDAQ, NASDAQ Global Select Market and on the Tel Aviv Stock Exchange. In 2010 Poland, Polish software maker Asseco acquired a 50.2% stake in the company. History Formula Systems was founded in 1985 by Dan Goldstein and his brother Gad. Dan Goldstein, who had an undergraduate degree in math and computer science and a master's in business management, had been a doctoral student at Tel Aviv University when, in 1981, he decided to leave the academic world and direct his efforts toward the private sector instead. He established a software company, which he called Formula Software Solutions, serving such clients as Egged (company), Egged and Mekorot, and recruited brother Gad Goldstein to work alongside him. Soon the two co-founded Formula Systems, as well as many oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan Goldstein
Dan Goldstein (19 June 1954 – 9 June 2022) was a pioneer of the Israeli software industry. He was the founder of Formula Systems, sold in 2006, and ''Formula Vision Technologies''. Goldstein served as Chairman of the Public Companies Association in Israel. Biography Dan Goldstein was born in Bucharest, Romania. He immigrated to Israel with his family in 1960. After completing his BA in computer science and mathematics and an MA in business administration, he studied for a PhD in mathematics. Business and investment career In 1980, while writing his doctoral thesis on distributed networks, he founded Formula Software Services, providing professional software services to Israeli customers. By 1985 he expanded to other areas such as software products and consulting, and in 1985 he founded Formula Systems (1985) Ltd., as a holding corporation for his software products, services and consulting activities. In 1988 he acquired control of a publicly traded company named "Eichut Compu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Year 2000 Problem
The year 2000 problem, also known as the Y2K problem, Y2K scare, millennium bug, Y2K bug, Y2K glitch, Y2K error, or simply Y2K refers to potential computer errors related to the Time formatting and storage bugs, formatting and storage of calendar data for dates in and after the year 2000. Many Computer program, programs represented four-digit years with only the final two digits, making the year 2000 indistinguishable from 1900. Computer systems' inability to distinguish dates correctly had the potential to bring down worldwide infrastructures for industries ranging from banking to air travel. In the years leading up to the turn of the century (millennium), the public gradually became aware of the "Y2K scare", and individual companies predicted the global damage caused by the bug would require anything between $400 million and $600 billion to rectify. A lack of clarity regarding the potential dangers of the bug led some to stock up on food, water, and firearms, purchase backup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
