FORMULA SYSTEMS
Formula Systems 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.
FORMULA SYSTEMS
Industry:
Consulting Information Technology Legal Software
Founded:
1985-01-01
Address:
Or Yehuda, Tel Aviv, Israel
Country:
Israel
Website Url:
http://www.formulasystems.com
Total Employee:
5001+
Status:
Active
Contact:
972 3 538 9487
Technology used in webpage:
SSL By Default Google Analytics LetsEncrypt Nginx Google Maps GStatic Google Static Content Google Maps API Google Analytics Classic Varnish Fastly
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Current Employees Featured
Stock Details
Acquisitions List
| Date | Company | Article | Price |
|---|---|---|---|
| 2021-04-07 | Zap Group | Zap Group acquired by Formula Systems | 300 M ILS |
| 2019-11-19 | Unique ltd | Unique ltd acquired by Formula Systems | 61 M ILS |
| 2003-12-10 | Formula Vision Technologies | Formula Vision Technologies acquired by Formula Systems | N/A |
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2018-05-29 | Magic Software Enterprises | Formula Systems investment in Post-IPO Debt - Magic Software Enterprises | 35 M USD |
| 2001-01-16 | Thoughtbubble Productions | Formula Systems investment in Series A - Thoughtbubble Productions | 4 M USD |
| 2000-12-27 | Sapiens International Corporation | Formula Systems investment in Post-IPO Equity - Sapiens International Corporation | 15 M USD |
Official Site Inspections
http://www.formulasystems.com Semrush global rank: 9.49 M Semrush visits lastest month: 148
- Host name: 104.21.54.210
- IP address: 104.21.54.210
- Location: United States
- Latitude: 37.751
- Longitude: -97.822
- Timezone: America/Chicago
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Formula Systems was founded in 1985 by Dan Goldstein and his brother Gad. Dan Goldstein, who had an undergraduate degree in math and computer science and a master's in business management, had been a doctoral student at Tel Aviv University when, in 1981, he decided to leave the academic world and direct his efforts toward the private sector instead. He established a software company, which he called Formula Software Solutions, serving such clients as Egged and See details»
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