Formula Systems (1985) Ltd.
Formula Systems (1985) Ltd. engages in the provision of information technology solutions and services. The company offers software consulting services and computer-based business solutions, and develops proprietary software products. It also provides solutions for e-business development, data center management, software development, software conversion, and porting and other advanced solutions. It operates through three subsidiaries: Matrix, Magic and Sapiens. The Matrix division provides software services, software development projects, outsourcing, integration of software systems and services. The Magic division develops, market, sales and supports software development, deployment technology and software solutions developed using the Magic technology. The Sapiens division provides software solutions for the financial services industry, with a focus on insurance. Formula Systems (1985) was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.