Software services; Computer technologies; Information technology.
Employees: 5290
Turnover (KUS$): 456,600
Overview
FORMULA SYSTEMS LTD. is a IT global solutions provider with over
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5000 software professionals and aggregate sales of approximately
$500M for 2005. Formula Systems offers a wide range of IT
solutions and services in over fifty countries.
FORMULA SYSTEMS' companies provide quality IT solutions
worldwide, developing and implementing innovative, proprietary
software, services and solutions, turnkey projects and
outsourcing services as well as software distribution and
support. Formula Systems companies are traded on Nasdaq: Formula
Systems (FORTY), Magic (MGIC), Sapiens (SPNS) and on the Tel Aviv
Stock Exchange (TASE): Formula Systems, Magic, Sapiens and
Matrix.
FORMULA SYSTEMS was purchased by the Emblaze Group on November
20th, 2006. The Emblaze group offers a wide range of products and
solutions for operators dealing with next generation services.
FORMULA companies, affiliates and business partners, have
developed proprietary solutions that are installed and used by
prominent clients around the world.
FORMULA companies provide their proprietary cross industry
solutions for e-business development, data center management,
software development, software conversion & porting and other
advanced solutions. When providing a turnkey solution to a
client, FORMULA Group companies can act as system integrators,
integrating their proprietary products as well as third party
products into the complete solution provided to the client's
satisfaction.
