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.
It operates in two segments, Software Services and IT Professional Services. The Software Services segment develops, markets, sells, and supports proprietary and non-proprietary application platforms, software applications, business and process integration solutions, and related services.
Its 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.
The company also offers application development and business process integration platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for on premises 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.
In addition, it provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Hermes Cargo for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution for TV broadcast management; Nativ for the management of rehabilitation centers; and Mobisale for the sales and distribution field activities.
Further, the company offers 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 9243 |
| 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 |
|---|---|
| Hanan Shahaf MBA | Chief Executive Officer of Roshtov Software Industries Ltd |
| Yuval Baruch | Chief Executive Officer of Hermes Logistics Technologies |
| 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, |
| Arik Kilman | Chairman of Software Solutions Division |
| Arik Faingold | President of Integration Solutions Division |
| Karin Netzer | Chief Marketing Officer |
| Yuval Lavi | Vice President Technology and Innovation - Software Solutions division |
| Eric Choppe | Managing Director of Southern Europe |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| May 21, 2025 | 6-K | Report of foreign issuer |
| May 15, 2025 | 20-F | Annual and transition report of foreign private issuers |
| May 12, 2025 | 6-K | Report of foreign issuer |
| May 5, 2025 | 6-K | Report of foreign issuer |
| Apr 30, 2025 | NT 20-F | Notification of inability to timely file Form 20-F |
| Mar 11, 2025 | 6-K | Report of foreign issuer |
| Mar 11, 2025 | 6-K | Report of foreign issuer |
| Mar 11, 2025 | 6-K | Report of foreign issuer |
| Feb 18, 2025 | 6-K | Report of foreign issuer |
| Nov 18, 2024 | 6-K | Report of foreign issuer |