MUNICH, February 12, 2018 /PRNewswire/ --
Olympus, the world's leading manufacturer of optical and digital precision technology, is launching its own global online shop and relying on Wirecard as payment partner. The digital financial technology specialist will assume responsibility for integrating payment methods including Apple Pay, IDEAL, credit card payments, MrCash and P24 as well as handling all payment processing. With this Wirecard covers important international payment methods and offers Olympus's clients maximum flexibility in paying for their online purchases.
With the introduction of its online shop, Olympus is keeping pace with the trend towards ever more goods purchased online. According to Statista, e-commerce sales are set to more than double by 2022. Thanks to its collaboration with Wirecard, Olympus is now not only offering important international payment methods, but is also using a customized version of the risk management system FPS (Fraud Prevention Suite). This system identifies data and behavior patterns in real-time and uses machine learning and artificial intelligence to effectively prevent fraud and ensure maximum security for all payment options offered.
Christian Pott, Department Manager Marketing Communications at Olympus Europe: "With nearly 100 years of history behind us, we are proud to present our own online shop, which represents an important company milestone. It will allow us to appeal even more effectively to a younger target group. We are delighted to usher in this new era with Wirecard at our side and to give even more customers across the world the opportunity to capture the best moments of their lives with Olympus' cutting-edge technology."
Marion Laewe, Vice President Sales Consumer Goods at Wirecard: "We are delighted to support Olympus and its Europe-wide online shop with our expertise and customized state-of-the-art solutions. Wirecard is simplifying payment processing and ensuring that e-payments are secure and flexible for both Olympus and its customers."
Wirecard AG's business partner is Olympus Europa SE & Co. KG's consumer division, which, among other things, also covers the well-known area of digital cameras.
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on Twitter @wirecard.
Olympus Europa is the headquarters for the region EMEA (Europe, Middle East and Africa) of the Olympus Corporation, Tokyo, Japan. As a worldwide leading manufacturer of optical and digital precision technology, Olympus provides innovative solutions for state-of-the-art medical systems, digital cameras as well as scientific solutions. The company's award-winning products are instrumental in detecting, preventing and healing illness, driving scientific research and documenting life with artistic freedom. In the hands of its customers, Olympus' high-tech products help to make people's lives healthier, safer and more fulfilling. For more information: http://www.olympus-europa.com
Wirecard media contact:
Olympus media contact:
Olympus Europa SE & Co. KG
HOLON, Israel, February 12, 2018 /PRNewswire/ --
- Management to host a conference call today, February 12, 2018 at 9:00 a.m. Eastern Time
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), today announced preliminary results for full-year 2017 and financial guidance for full-year 2018.
Full-Year 2017 Preliminary Results*:
*Ranges reflect unaudited financial results for full-year 2017.
"While the outcome for 2017 will meet our revenue guidance, we are slightly below our operating profit expectations," said Roni Al-Dor, president and CEO of Sapiens. "This is mainly due to a non-core project loss in Japan and cost reduction initiatives to support profitability in 2018."
Al-Dor added: "We have aligned our resources and infrastructure with the business lines that represent the greatest potential growth opportunities to help us gain global market share and improve profitability, which reflected in restructuring charges of approximately $8 million dollars in 2017."
Full-Year 2018 Outlook
Sapiens' financial guidance for the full-year 2018:
"Our full-year 2018 revenue outlook reflects Sapiens' deliberate move away from non-core business, the extension of the roll-out of a large, multi-year contract over a longer period of time, the anticipated reduction in our off-shore local market activities in an effort to support our main focus markets, and the near-term impact of product overlap from the Adaptik acquisition," continued Al-Dor. "Sapiens anticipates growth in 2018 in property and casualty activities in North America and EMEA. This growth will be driven by the strong pipeline of business in Europe, our improved competitive position with our new North American P&C platform from the combination of StoneRiver and Adaptik, and the potential to cross-sell to existing customers."
Al-Dor concluded: "Sapiens management's attention is focused on raising operating profit and margins, and we anticipate improving profitability throughout the year."
Sapiens management will host a conference call and webcast today, February 12 at 9:00 a.m. Eastern Time (4:00 p.m. in Israel), to review and discuss the Adaptik acquisition, along with preliminary results for full-year 2017 and financial guidance for full-year 2018.
Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): + 1-888-668-9141; International: +972-3- 918-0609; UK: 0-800-917-5108
The conference call will be accompanied by a slide presentation that can be downloaded from our website at: http://www.sapiens.com/investors/presentations-and-webcast/
The live webcast of the call can be viewed on Sapiens' website at: http://www.sapiens.com/investors/presentations-and-webcast/
If you are unable to join live, a replay of the call will be accessible until February 22, 2017, as follows: North America: 1-877-456-0009; International: +972-3-925-5929
A recorded version of the webcast will also be available via the Sapiens website for three months.
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector. We offer integrated core software solutions and business services, and a full digital suite for the property and casualty/general insurance; life, pension and annuities; and reinsurance markets. Sapiens also services the workers' compensation and financial and compliance markets.
Our portfolio includes policy administration, billing and claims; underwriting, illustration and electronic application; reinsurance and decision management software. Sapiens' digital platform features customer and agent portals, and a business intelligence platform. With a 30-year track record of delivering to more than 400 organizations, Sapiens' team of over 2,500 operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com.
Some of the statements in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements (although not all forward-looking statements include such words). These forward-looking statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management's current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement.
These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, please refer to the Risk Factors detailed in Item 3 of Part III of our Annual Report on Form 20-F for the year ended December 31, 2016, and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.
Investors and Media Contact:
Chief Marketing Officer and Head of Corporate Communications
U.S. Mobile: +1-201-250-9414
Investor and Media Contact
Chief Marketing Officer and Head of Corporate Communications