Company Description
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.
It offers IT software solutions and services, and consulting and management services; computer and communication infrastructure solutions; software solutions, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and developers and professional training, and soft skills and management training services.
The company also provides property and casualty insurance platforms, such as Sapiens CoreSuite and Sapiens IDITSuite; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO.
In addition, it offers Sapiens workers’ compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision, an enterprise-scale platform; technology-based solutions; application development and business process integration platforms; vertical software solutions; cloud-based services; strategic consulting and outsourcing services; and professional services, as well as sells and markets computers and peripheral equipment, and cloud computing solutions.
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, Yahadut Canada 1 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 |
|---|---|---|
| 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 |
| Mar 20, 2025 | 6-K | Report of foreign issuer |
| Nov 21, 2024 | 6-K | Report of foreign issuer |
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Sep 19, 2024 | 6-K | Report of foreign issuer |