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    Formula Systems (1985) Ltd. (FORTY)

    -NasdaqGS
    30.43 Up 0.12(0.40%) Jul 31, 2:27PM EDT
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    Formula Systems (1985) Ltd.
    5 HaPlada Street
    Or Yehuda, 60218
    Israel - Map
    Phone: 972 3 538 9487
    Fax: 972 3 538 9645
    Website: http://www.formulasystems.com

    Details 
    Index Membership:N/A
    Sector:Technology
    Industry:Business Software & Services
    Full Time Employees:10,108

    Business Summary 

    Formula Systems (1985) Ltd. provides a range of information technology (IT) solutions and services, and develops and markets proprietary software solutions. It offers software solutions and services, such as outsourcing and developing customized software; computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; computer and telecommunication infrastructure solutions; and professional training courses and advanced professional studies. The company also sells personal computers, portable computers, Intel servers, peripheral equipment, operating systems, servers, and workstations; provides computer and peripheral equipment maintenance services, lab, and helpdesk services; and sells and markets cloud based solutions. In addition, it offers Sapiens ALIS, an L&P software solution for individual, group, and worksite insurance products; Sapiens Retirement Services for record-keeping management; Sapiens Closed Books, a solution to administer policies and claims relating to closed books of business; and Sapiens TOPAZ to handle L&P activities and regulations. Further, the company provides Sapiens IDIT for general insurance carriers; Sapiens Insight for business demands at the insurer level and regulatory needs at the state level; Sapiens Reinsurance that enables property and casualty/general insurance carriers and brokers to handle reinsurance activities on a single platform; and Sapiens DECISION, a business decision management solution. Additionally, it supplies professionals in the areas of accounting and finance, administrative, customer service, clinical, scientific and healthcare, engineering, manufacturing and operations, human resources, IT technology, LI/MFG, and marketing and sales. The company was founded in 1985 and is headquartered in Or Yehuda, Israel.

    Key Statistics


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    Key Executives 
     PayExercised
    Mr. Guy Bernstein , 47
    Chief Exec. officer
    510.00KN/A
    Mr. Asaf Berenstin , 37
    Chief Financial Officer
    N/AN/A
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.