Formula Systems (1985) Ltd.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Guy Bernstein
- Full Time Employees
- 21,900
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- Yahadut Canada 1 Street Or Yehuda Israel 6037501
- IPO Date
- Oct 20, 1997
- CIK
- 0001045986
- Website
- formulasystems.com
- Similar Companies
- Business
- Formula Systems (1985) Ltd. is a global information technology company specializing in the production, development, and implementation of comprehensive software solutions and IT services. Founded in 1985 and headquartered in Israel, it operates through its subsidiaries to provide software consulting, advanced IT systems, and business solutions primarily for sectors including banking, insurance, healthcare, telecommunications, public administration, defense, utilities, and high-tech industries. The company's core product portfolio includes proprietary software systems focused on e-business development, data center management, software development, software conversion and porting, cloud, cybersecurity, digital solutions, data analytics, DevOps, and artificial intelligence technologies, delivered alongside turnkey systems integration projects and professional outsourcing services worldwide. In recent strategic developments within the past two years, Formula Systems has pursued significant expansion through mergers and acquisitions, notably advancing a transformative merger between its subsidiary Matrix IT and Magic Software Enterprises, aimed at creating one of the largest publicly traded IT services companies globally by market capitalization and geographic reach. The company enhanced its product and service offerings through acquisitions such as Sapiens International Corporation and TSG IT Advanced Systems, strengthening its presence in insurance technology, property and casualty (P&C), life insurance, reinsurance sectors, and expanding its international footprint, particularly in the United States and Europe. In addition, Formula Systems deepened strategic alliances with global partners like Advent, leveraging these collaborations to innovate and extend its capabilities in cloud, cybersecurity, and digital transformation technologies. The company continues to report strong financial growth, driven by its focus on innovation, operational excellence, and sector diversification. Formula Systems operates primarily in Israel with extensive global operations spanning over 50 countries through its subsidiaries. Its business units integrate and coordinate activities across sectors to maximize synergy benefits from its broad portfolio of proprietary software solutions and services. The group maintains majority or significant ownership in key subsidiaries such as Matrix IT, Sapiens International, Magic Software Enterprises, Michpal Technologies, and TSG IT Advanced Systems, collectively generating robust revenue streams exceeding $2.7 billion as of recent fiscal periods, with continued emphasis on cutting-edge IT sectors and digital innovation leadership worldwide. The company holds a significant position as a market leader in Israel and globally in IT products and services designed to improve operational efficiency, risk management, and digital transformation initiatives across diverse industries. This positioning and ongoing strategic initiatives reflect Formula Systems' commitment to maintaining competitive advantage by blending organic growth with targeted acquisitions and partnerships, reinforcing its role as a comprehensive provider of enterprise software and IT services designed to meet evolving technological demands.
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