HOLON, Israel, August 6, 2015 /PRNewswire/ --
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced today that Scott Palmer has joined the organization as executive vice president of Sapiens' Retirement Services practice.
Palmer was most recently MassMutual's senior vice president of the Retirement Services and Worksite Marketing division, where he was responsible for driving the retirement technology vision, strategy and execution during a period of historic growth. He brings more than 30 years of business, technology, insurance, and retirement services experience to Sapiens. The breadth and depth of his expertise makes Palmer the ideal executive to direct Sapiens' strong and growing Retirement Services practice and offering.
In addition to his position with MassMutual, Palmer held numerous positions with Lincoln Financial Group, including vice president and CIO of Retirement Services. He was responsible for spearheading the strategic direction for both business and IT operations. Earlier in his career, Palmer worked at Computer Sciences Corporation and Unum.
"I am excited to be part of the Sapiens team and believe the company's innovative Retirement Services platform has the ability to change the landscape of our industry," said Palmer. "I look forward to playing a key role in expanding Sapiens' market share, while ensuring the success of our Retirement Services customers."
"Having known Scott personally for several years, I am confident his deep understanding of the Retirement Services industry, vision and collaborative style will bring significant value to our clients and partners," said Ron Karam, president of Sapiens North America Retirement Services and Insurance division.
"We are pleased to have Scott join our executive team to lead the expansion of our Retirement Services business. He brings a wealth of experience and demonstrates our total commitment to establishing Sapiens as the market leader for providing innovative software solutions," said Roni Al-Dor president and CEO of Sapiens.
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 150 financial services organizations. The Sapiens team of over 1,200 professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.
Investor and Media Contact
Chief Marketing Officer and Head of Corporate Communications
SOURCE Sapiens International Corporation