Company Description
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide.
The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.
It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies.
In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; 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.
Further, it provides 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; and technology-based solutions.
Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software.
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 | 22,059 |
| CEO | Guy Bernstein |
Contact Details
Address: Yahadut Canada 1 St. Or Yehuda, L3 6037501 Israel | |
| Phone | 972-3-538-9474 |
| 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 | Chief Executive Officer |
| Asaf Berenstin | Chief Financial Officer |
| Maya Solomon-Ella | Chief Operational Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 4, 2024 | 6-K | Report of foreign issuer |
| Mar 25, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Mar 19, 2024 | 6-K | Report of foreign issuer |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 12, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jan 31, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jan 30, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Dec 11, 2023 | 20-F/A | Filing |
| Nov 22, 2023 | 6-K | Report of foreign issuer |