- CEO
- Tami Ohana Koll
- Full Time Employees
- 338
- Sector
- Technology
- Industry
- Software - Application
- Address
- 54 Hamasger Tel Aviv-Yafo TA Israel 6721421
- IPO Date
- Sep 25, 2025
- Business
- Michpal Technologies Ltd. is an Israel-based software company that develops and publishes payroll software and related digital workforce management solutions; the company also provides attendance tracking, pension operations, human resources tools, payroll processing services, cloud-based automation, compliance support for Israeli labor and tax regulations, institutional reporting integration, and digital portals for employers and employees. Founded in 1983 and headquartered in Petah Tikva, Israel, the company operates in the software and IT services industry and serves a broad client base, including organizations that require payroll, pension, HR, and compensation administration capabilities; it is a subsidiary of Formula Systems (1985) Ltd.
In the latest major business developments, Michpal expanded its capabilities through a series of acquisitions and portfolio additions: in March 2025 it acquired the remaining shares of Formally Smart Form System Ltd.; in July 2025 it completed the acquisition of 70% of Mishmarot Technologies Ltd., which develops AI-based automated work-scheduling technology; in November 2025 it acquired 60% of Linkatch, a secure cloud recruiting platform, and entered into an agreement to acquire 60% of JTG Human Resources Consulting Ltd., the Zviran Group; and on April 1, 2026, it completed the Zviran Group transaction, strengthening its compensation data, pension consulting, and human resources advisory offering.
Michpal continues to focus on payroll and adjacent HR software and services for corporate, institutional, and public-sector customers, with its platform supporting international payslip processing and operational efficiency across workforce administration functions. Recent public reporting also indicates that the company released second-quarter and first-half 2026 results on August 24, 2026, and had previously announced an annual dividend payable on April 14, 2026.