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. 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). More information...
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