Company Description
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Japan, and internationally.
The company also offers software product marketing and support, computer infrastructure and integration solutions, and learning and integration.
In addition, it provides IT software solutions and services, and consulting and management services; computer and communication infrastructure solutions; and software solutions, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools.
Further, the company offers Sapiens software solutions, such as Sapiens CoreSuite and Sapiens IDITSuite for property and Casualty insurance; Sapiens Platform, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities; Sapiens Digital Suite; Data and Analytics platform; and Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO for reinsurance.
Additionally, it provides Sapiens workers’ compensation platform; Sapiens Medical Professional Liability solution; Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro and Sapiens Reporting Tools for financial and compliance; Sapiens Decision platform; and technology-based solutions.
The company also application development and business process integration platforms; vertical software solutions; cloud-based services; strategic consulting and outsourcing, and professional services, as well as cloud computing solutions; and sells and markets computers and peripheral equipment.
The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
| Country | Israel |
| Founded | 1985 |
| IPO Date | Oct 21, 1997 |
| Industry | Information Technology Services |
| Sector | Technology |
| Employees | 22,720 |
| CEO | Guy Bernstein |
Contact Details
Address: Terminal Center, 1 Yahadut Canada Street Or Yehuda, 6037501 Israel | |
| Phone | 972 3 538 9389 |
| Website | formulasystems.com |
Stock Details
| Ticker Symbol | FORTY |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001045986 |
| CUSIP Number | 346414105 |
| ISIN Number | US3464141056 |
| SIC Code | 7371 |
Key Executives
| Name | Position |
|---|---|
| Guy Bernstein CPA | Chief Executive Officer |
| Asaf Berenstin CPA | Chief Financial Officer |
| Maya Solomon-Ella | Chief Operational Officer |
| Tammy Ohana Koll | Chief Technology Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 20, 2025 | 6-K | Report of foreign issuer |
| Aug 27, 2025 | 6-K | Report of foreign issuer |
| Aug 19, 2025 | 6-K | Report of foreign issuer |
| Aug 13, 2025 | 6-K | Report of foreign issuer |
| Jul 22, 2025 | 6-K | Report of foreign issuer |
| May 27, 2025 | 6-K | Report of foreign issuer |
| May 22, 2025 | 6-K | Report of foreign issuer |
| May 15, 2025 | 20-F | Annual and transition report of foreign private issuers |
| Apr 30, 2025 | NT 20-F | Notification of inability to timely file Form 20-F |
| Apr 21, 2025 | 6-K | Report of foreign issuer |