Matrix IT Ltd.
11,040.00
ILA
+140.00
(+1.28%)
ISIN
IL0004450156
Return %
Stock
S&P 500
1Y
-6.44
14.20
3Y
63.56
81.12
5Y
31.41
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Moti Gutman
- Full Time Employees
- 12,880
- Sector
- Technology services
- Industry
- Packaged software
- Address
- 3 Atir Yeda Kefar Sava TA Israel 4464303
- IPO Date
- May 1, 1993
- Website
- matrix-globalservices.com
- Similar Companies
- Business
- Matrix IT Ltd. is a leading information technology solutions and services company headquartered in Herzliya, Israel, founded in 2001. The company offers comprehensive IT services including enterprise IT solutions, consulting, management, software development, software integration, cybersecurity, cloud services, data and AI solutions, and IT infrastructure projects. Its product and service offerings encompass large-scale core technological organizational systems; software licenses and hardware sales; cyber and information security solutions through subsidiaries such as 2B Secure, Integrity Software, Matrix Defense, and Tangram Soft; and managed IT services including remote monitoring, business continuity, backup, and disaster recovery. Matrix also provides consulting, strategic IT project management, and represents leading global software vendors like AWS, Google, Oracle, HP, SAP, DELL-EMC, and BMC. Recent major changes include the strategic acquisition of Zebra AGR Ltd. in early 2023, expanding its portfolio in information security and data communication solutions. Notably, in 2025, Matrix IT Ltd. signed a landmark merger agreement to acquire Magic Software Enterprises Ltd. in a deal valued at approximately $2.1 billion, positioning the merged entity among the largest publicly traded IT services companies in the U.S. and Europe. This merger greatly extends Matrix’s geographic reach beyond Israel, increasing its client base to around 6,000 active clients, expanding employee headcount to over 15,000, and operating in approximately 50 countries. The merger also reinforces Matrix’s growing presence in defense and cyber defense sectors, with increased investments during recent geopolitical tensions emphasizing cyber protection, attack recovery, and business continuity infrastructure. Matrix primarily serves corporate, government, defense, and enterprise customers. It is extensively engaged in large-scale IT and digital transformation projects across Israel and internationally, including smart campus management systems, banking digital channel renewals, and versatile cyber security applications. The company employs over 12,000 professionals worldwide and operates through multiple subsidiaries and business units focused on innovation and specialized technological solutions. Matrix IT Ltd. trades on the Tel Aviv Stock Exchange under the ticker MTRX.TA, and through its recent mergers and acquisitions, it continues to strengthen its leadership in Israel’s technology services market while expanding significantly abroad.