Magic Software Enterprises Ltd.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Yakov Tsaroya
- Full Time Employees
- 3,628
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- Terminal Center Or Yehuda Israel 6037501
- IPO Date
- Aug 30, 1991
- CIK
- 0000876779
- Website
- magicsoftware.com
- Similar Companies
- Business
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) develops, markets and supports proprietary low-code application development platforms including Magic xpa Application Platform and AppBuilder Application Platform; hybrid integration platforms such as Magic xpi Integration Platform; and vertical software solutions comprising Leap, Hermes Solution, HR Pulse and MBS Solution, alongside complementary IT professional services encompassing infrastructure design and delivery, application development, technology planning and implementation, communications solutions and outsourcing services. The company operates through two primary segments, software solutions and IT professional services, serving enterprise customers across industries with cloud-based, on-premise and mobile business applications, data management and analytics, Industry 4.0 solutions, low-code web development and integrations for major ERP and CRM systems including Oracle JD Edwards, Microsoft Dynamics 365, SharePoint, Salesforce, SAP Business One, SAP ERP, SugarCRM and SYSPRO. Founded in 1983 and headquartered in Or Yehuda, Israel, Magic Software maintains a global presence in more than 50 countries, including key operations in the United States, Europe and Japan, through direct sales, resellers, system integrators and strategic partnerships with IBM, Microsoft, Oracle and others. In March 2025, the company signed a memorandum of understanding and subsequently a definitive agreement for a transformative merger with Matrix IT Ltd. (TASE: MTRX), Israel's leading IT services provider, in a deal valuing the combined entity at approximately NIS 7.7 billion ($2.1 billion), under which Magic shareholders will own 31.125% of the merged company pending shareholder and regulatory approvals expected in the third quarter of 2025; the transaction positions the enlarged group among the top 10 largest publicly traded IT services firms in the US and Europe, with Magic to become a subsidiary of Matrix and delisted from Nasdaq and the Tel Aviv Stock Exchange.
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MGIC Investment Corporation Announces Quarterly Dividend of $0.15 Per Share
MGIC Investment Corporation Schedules 4th Quarter 2025 Earnings Call
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