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Formula Systems (1985) Ltd. (FORTY)


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Formula Systems (1985) Ltd.

5 HaPlada Street
Or Yehuda 60218
Israel
972 3 538 9487
http://www.formulasystems.com

SectorTechnology
IndustryBusiness Software & Services
Full Time Employees13,572

Key Executives

NameTitlePayExercisedAge
Mr. Guy BernsteinChief Exec. officerN/AN/A49
Ms. Maya Solomon-EllaChief Operational Officer48.53kN/A39
Mr. Asaf BerenstinChief Financial OfficerN/AN/A39
Amounts are as of December 31, 2016 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.

Description

Formula Systems (1985) Ltd. provides software services, proprietary and non-proprietary software solutions, and software product marketing and support services. It offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; services regarding database services and Big data services; computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. The company also markets and sells computers and peripheral equipment to business customers; and operates a network of high-tech training and instruction centers. In addition, it offers Sapiens ALIS, a 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 INSIGHT that enables life and pension carriers to handle a range of activities and regulations. Further, the company provides Sapiens IDIT for general insurance carriers; Sapiens Reinsurance, a business and accounting solution to support reinsurance contracts and activities; Sapiens Stingray, a solution for policy, billing, claims, and reinsurance administration; and Sapiens DECISION, a business decision management solution. Additionally, it provides proprietary application development and business process integration platforms; and 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.

Corporate Governance

Formula Systems (1985) Ltd.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.