Sapiens International Corporation announced that it has been selected to automate and operate Altshuler Shaham's provident and pension funds for the next three years. Altshuler Shaham can benefit from Sapiens' significant presence and extensive experience in the field of life insurance, long-term savings and pensions, both in Israel and globally. Together with Tiful Gemel, Sapiens provides added value to ensure Altshuler Shaham's continued growth. Tiful Gemel is an Israeli company immaterial to Sapiens' revenue or profits.