SectorInformation Technology Services
Established Date02/04/1985
Listing Date24/10/1997
ExchangeNASDAQ Stock Exchange
Full-time Employees22720
Fiscal Year Ends31/12
Security TypeDepository Receipts (Ordinary Shares)
Office addressTerminal Center, Yahadut Canada 1 Street, Or Yehuda 6037501, Israel
BusinessGlobal IT solutions and services.
IntroductionFormula Systems (1985) Ltd., was incorporated in Israel on April 2, 1985. It is a global IT solutions and services company headquartered in Israel. The company is principally engaged in providing software consulting services, developing proprietary software products, and providing computer-based business solutions. The company provides solutions to clients' complex IT service needs in more than 50 countries around the world, including some Fortune 1000 companies. They do business through their subsidiaries — Matrix, Sapiens, Magic Software, Michpal, Zap Group, InSync, Shamrad, Ofek Aerial Photography and Hashahar Telecom — as well as through their equity investor TSG Systems and another associate 。
