Company Description
Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally.
The company offers software consulting services; IT solutions and software systems; proprietary software solutions; and IT professional services, including implementation and integration projects of computing and software, outsourcing, software project management and development, IT managed services, operation of a network of training and instruction centers, sale of software and hardware products, and software testing and QA.
It also provides cloud and computing infrastructure; packaged software solutions, such as Clicks for medical record information management systems, Hermes Cargo for managing air cargo ground handling, HR Pulse for the creation of HCM solutions, MBS solution for managing TV broadcast channels, Nativ for managing rehabilitation centers, and Mobisale for consumer goods sale and distribution; and product-related services comprising maintenance, customer support, and training.
In addition, the company offers software solutions and services for payroll processing, pension administration, workforce management, and human resources, as well as financial processes, accounting workflows, and business operations; employees to vendor management systems workforce management program accounts; and digital advertising and e-commerce platforms, as well as digital services, which include search engine marketing and optimization, website design, management of social media, online business cards, and big data.
Further, it is involved in aerial and satellite mapping, geographic data collection and processing, and geographic applications; installation of computer communication infrastructures, announcement and alarm systems, and electronic security systems; and planning and deployment of fiber optics, structured cabling, and coaxial and telephony systems.
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 | 19,337 |
| CEO | Guy Bernstein |
Contact Details
Address: Terminal Center, 1 Yahadut Canada Street Or Yehuda, 6037501 Israel | |
| Phone | 972 3 538 9305 |
| 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 |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jun 15, 2026 | 6-K | Report of foreign issuer |
| Jun 8, 2026 | SCHEDULE 13G/A | Filing |
| May 28, 2026 | 6-K | Report of foreign issuer |
| May 14, 2026 | 6-K | Report of foreign issuer |
| May 13, 2026 | 20-F | Annual and transition report of foreign private issuers |
| May 5, 2026 | SCHEDULE 13G/A | Filing |
| Apr 30, 2026 | NT 20-F | Notification of inability to timely file Form 20-F |
| Apr 13, 2026 | SCHEDULE 13G/A | Filing |
| Mar 26, 2026 | 6-K | Report of foreign issuer |
| Nov 20, 2025 | 6-K | Report of foreign issuer |