Company Description
Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally.
Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services.
The company’s IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services.
It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications.
The company also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers.
In addition, It provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991.
The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
| Country | Israel |
| Founded | 1983 |
| IPO Date | Aug 28, 1991 |
| Industry | Information Technology Services |
| Sector | Technology |
| Employees | 3,628 |
| CEO | Guy Bernstein |
Contact Details
Address: Terminal Center, Yahadut Canada 1 Street Or Yehuda, 6037501 Israel | |
| Phone | 972 3 538 9292 |
| Website | magicsoftware.com |
Stock Details
| Ticker Symbol | MGIC |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000876779 |
| CUSIP Number | 559166103 |
| ISIN Number | IL0010823123 |
| Employer ID | 33-0477418 |
| SIC Code | 7372 |
Key Executives
| Name | Position |
|---|---|
| Yuval Baruch | Chief Executive Officer of Hermes Logistics Technologies |
| Yael Ilan | Chief Executive Officer of Complete Business Solutions |
| Idan Faingold | Chief Executive Officer of CommIT Technology Solutions Ltd |
| Eli Schwartz | Chief Executive Officer of Comblack I.T. Ltd. |
| Yakov Tsaroya | Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC and Xsell Resources Inc. |
| Arik Kilman | Chairman of Software Solutions Division |
| Arik Faingold | President of Integration Solutions Division |
| Yuval Lavi | Vice President Technology and Innovation |
| Karin Netzer | Chief Marketing Officer |
| Eric Choppe | Managing Director of Southern Europe |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 18, 2024 | 6-K | Report of foreign issuer |
| Nov 4, 2024 | 6-K | Report of foreign issuer |
| Oct 15, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Aug 14, 2024 | 6-K | Report of foreign issuer |
| Jul 31, 2024 | 6-K | Report of foreign issuer |
| Jul 22, 2024 | 6-K | Report of foreign issuer |
| Jul 3, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Jun 24, 2024 | 6-K | Report of foreign issuer |
| May 16, 2024 | 6-K/A | Filing |
| May 16, 2024 | 6-K | Report of foreign issuer |