FORTY

Formula Systems (1985) Ltd. is a holding company that operates through subsidiaries providing software products and IT professional services primarily in Israel, North America, Europe, and Asia. The company's business portfolio includes Matrix IT, which provides IT services and solutions; Sapiens International, which develops software for the insurance industry; Magic Software Enterprises, which provides application development and integration platforms; and other subsidiaries focused on enterprise software and IT services. Formula Systems serves customers across industries including financial services, healthcare, telecommunications, manufacturing, and government sectors. The company's offerings span software development, system integration, infrastructure solutions, cybersecurity, cloud services, and specialized vertical market applications. Formula Systems is headquartered in Or Yehuda, Israel and operates globally through its diverse portfolio of technology subsidiaries.