Formula Systems (1985) Ltd. (FORTY)
NASDAQ: FORTY · Real-Time Price · USD
82.73
+2.13 (2.64%)
Nov 19, 2024, 4:00 PM EST - Market open

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.

Formula Systems (1985) Ltd.
Formula Systems (1985) logo
Country Israel
Founded 1985
IPO Date Oct 21, 1997
Industry Information Technology Services
Sector Technology
Employees 21,900
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
Maya Solomon-Ella Chief Operational Officer
Tammy Ohana Koll Chief Technology Officer

Latest SEC Filings

Date Type Title
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
Sep 9, 2024 6-K Report of foreign issuer
Aug 20, 2024 6-K Report of foreign issuer
Aug 5, 2024 6-K Report of foreign issuer
Jul 11, 2024 6-K Report of foreign issuer
Jun 20, 2024 6-K Report of foreign issuer
May 28, 2024 6-K Report of foreign issuer
May 22, 2024 6-K Report of foreign issuer