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Thursday, November 26, 2009, 9:50AM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Magic Software Enterprises Ltd. (MGIC)On Nov 25: 1.99  Down 0.04 (1.97%)  
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Magic Software Enterprises Ltd.
5 Haplada Street
Or-yehuda,  60218
Israel - Map
Phone: 972 3 538 9292
Fax: 972 3 538 9393
Web Site: http://www.magicsoftware.com

DETAILS 
Index Membership:N/A
Sector:Technology
Industry:Application Software
Full Time Employees:422

BUSINESS SUMMARY 
Magic Software Enterprises Ltd. develops, markets, and supports software development and deployment technology, and applications. It offers uniPaaS, an application platform for software development and deployment; and iBOLT, a platform for business integration and business process management. The company’s application platform and technology enable enterprises to accelerate the process of building and deploying applications to customize and integrate with existing systems. It also provides information technology consulting solutions in the areas of infrastructure design and delivery, application development, technology planning, and implementation services, as well as supplemental staffing services. The company provides solution for cargo handling; and handles various aspects of a cargo operation, including automated build-up of flights/manifesting, messaging to CARGO-IMP standards, customs clearance, weight and balance departure control systems, interfacing, scanning and verification of cargo, secured tracking, and financial package for billing and collecting fees. In addition, it also provides consulting and software development project management services to customers developing, deploying, and integrating various applications; maintenance contracts; and technical support, as well as conducts training on development tools. The company markets and sells its products through sales force; a network of value-added distributors and resellers; and OEM and consulting partners. It serves finance, government, health care, logistics, manufacturing media, retail, and telecommunications industries in Israel, Europe, the United States, Japan, the Netherlands, Hungary, India, and Israel. The company was formerly known as Mashov Software Export and changed its name to Magic Software Enterprises, Ltd. in 1991. The company was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Guy Bernstein , 41
    Chairman, Acting Chief Exec. Officer and Chief Exec. Officer of Formula Systems
    N/A N/A
    Mr. Regev Yativ , 40
    Chief Exec. Officer of Magic Software Enterprises Inc and Pres of Magic Software Enterprises Inc
    N/A N/A
    Mr. Amit Ben-Zvi , 43
    VP of International Sales and Chief Exec. Officer of Hermes Logistics Technologies Limited
    N/A N/A
    Mr. Amit Birk , 38
    VP of Mergers & Acquisitions, Corp. Sec. and Gen. Counsel
    N/A N/A
    Mr. Eyal Pfeifel , 41
    Chief Technology Officer
    N/A N/A
    Dollar amounts are as of 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.


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