Exhibit 12.1
CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER
PURSUANT TO RULE 13a-14(a)/RULE 15d-14(a) UNDER
THE SECURITIES EXCHANGE ACT OF 1934
I, Roni Al Dor, certify that:
1. | I have reviewed this Amendment No. 1 to the Annual Report on Form 20-F for the year ended December 31, 2011 of Sapiens International Corporation N.V. (the "Registrant"); and |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report. |
Date: July 24, 2012 | /s/Roni Al Dor |
Roni Al Dor | |
President & Chief Executive Officer | |
(principal executive officer) |