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    Magic Software Enterprises Ltd. (MGIC)

    -NasdaqGS
    5.36 Feb 8, 4:00PM EST
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    Magic Software Enterprises Ltd.
    5 Haplada Street
    Or Yehuda, 6021805
    Israel - Map
    Phone: 972 3 538 9292
    Fax: 972 3 538 9333
    Website: http://www.magicsoftware.com

    Details 
    Index Membership:N/A
    Sector:Technology
    Industry:Application Software
    Full Time Employees:1,181

    Business Summary 

    Magic Software Enterprises Ltd. provides proprietary application development, business process integration, and vertical software solutions and related professional services. The company’s software solutions are used by customers to develop, deploy, and integrate on-premise, mobile, and cloud-based business applications. It operates in two segments, Software Solutions and IT Professional Services. The company offers Magic xpa application platform, a proprietary application platform for developing and deploying business applications; AppBuilder application platform for building, deploying, and maintaining mainframe-grade business applications; and Magic xpi integration platform, a graphical wizard-based code-free solution. It also provides vertical software solutions comprising Leap, a software solution for business support systems; Hermes Solution for both hubs and traditional air cargo ground handling operations; HR Pulse, a customized software as a service and on premise solution for human capital management; and MBS Solution, a system for managing TV broadcast channels. In addition, the company offers IT services, including professional services in the areas of infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and supplemental staffing services. Further, it provides software maintenance, support, training, and consulting services. The company markets and sells its products through its direct sales representatives and offices, independent country distributors, magic software providers, system integrators, distributors, resellers, and consulting and OEM partners. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.

    Key Statistics


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    Key Executives 
     PayExercised
    Mr. Amit Birk , 45
    VP of Mergers & Acquisitions, Gen. Counsel and Corp. Sec.
    287.00KN/A
    Mr. Udi Ertel , 57
    Pres of Software Solutions Division
    N/AN/A
    Mr. Arik Kilman , 63
    Pres of AppBuilder Solutions Division
    N/AN/A
    Mr. Arik Faingold , 39
    Pres of Integration Solutions Division
    323.00KN/A
    Mr. Yakov Tsaroya , 46
    Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions
    476.00KN/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.