Sobre Formula systems ltd

Sobre companhia

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services company based in Israel. The Company is principally engaged in providing software consulting services, developing software products and providing computer-based business solutions. It delivers its solutions in over 50 countries worldwide to customers with IT services needs. The Company’s subsidiaries are Magic Software Enterprises Ltd. (Magic Software), Matrix IT Ltd. (Matrix) and Sapiens International Corporation N.V. (Sapiens). The Company operates in two business areas: IT services and proprietary software solutions. In February 2010, a subsidiary of Magic Software completed the acquisition of the consulting and staffing business of a United States-based IT services company. In October 2009, the Company completed the sale of its entire 100% shareholdings in its subsidiary nextSource.