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
  ISR

  T: +972 35389305

  https://www.formulasystems.com

• Sector

  Technology

  Stock type

  Sensitive

• Industry

  Information Technology Services

  Fiscal Year End

  31 December 2026

  Employees

  22,720