Formula Systems (1985) Ltd
Company Profile
Business description
Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, Michpal, ZAP Group, and Others. The majority of the company's revenue comes from Israel.
Contact
Terminal Center, 1 Yahadut Canada Street
Or Yehuda
Tel Aviv6037501
ISRT: +972 35389305
Sector
Technology
Stock type
Sensitive
Industry
Information Technology Services
Fiscal Year End
31 December 2026
Employees
22,720
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