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.
The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and 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.
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.
It 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, the company 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 | 4,161 |
| CEO | Yakov Tsaroya |
Contact Details
Address: Yahadut Canada 1 St. Or Yehuda Israel, L3 6037501 Israel | |
| Phone | 972-3-538-9474 |
| 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 |
|---|---|
| Asaf Berenstin | Chief Financial Officer |
| Arik Kilman | Chairman of Software Solutions Division |
| Arik Faingold | President of Integration Solutions Division |
| Yakov Tsaroya | Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC and Xsell Resources Inc. |
| Eli Schwartz | Chief Executive Officer of Comblack I.T. Ltd. |
| Guy Bernstein | Chief Executive Officer and Director |
| Yuval Lavi | Chief Technology Officer |
| Amit Birk | Vice President of Mergers and Acquisitions, General Counsel & Corporate Secretary |
| Karin Netzer | Chief Marketing Officer |
| Yael Ilan | Chief Executive Officer of Complete Business Solutions |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 5, 2024 | 6-K | Report of foreign issuer |
| Mar 13, 2024 | 6-K | Report of foreign issuer |
| Feb 28, 2024 | 6-K | Report of foreign issuer |
| Jan 30, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 14, 2023 | 6-K | Report of foreign issuer |
| Nov 8, 2023 | 6-K | Report of foreign issuer |
| Oct 16, 2023 | 6-K | Report of foreign issuer |
| Aug 14, 2023 | 6-K | Report of foreign issuer |
| Jul 20, 2023 | 6-K | Report of foreign issuer |
| May 18, 2023 | 6-K | Report of foreign issuer |