Magic Software Enterprises

Development and Software Solutions for IT Services

Startup

Magic Software Enterprises is a Or Yehuda-based startup in the Business Software sector, established in 1983. Development and Software Solutions for IT Services. Magic Software Enterprises was founded by David Assia and Yaki Dunietz. Key investors include Israeli Financial Institution. The company has 201-500 employees. Core technologies: Platforms & Interfaces, Web, Software.

The company follows a B2B/B2G business model. Product stage: Released.

4
Rounds
1
Investors
9
Team
1983
Founded
Sector & Technology
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development ToolsIndustrial TechnologiesOperational Optimization SolutionsPlatforms & InterfacesWebSoftware
At a Glance
Investors
Founders
In the News

44 articles covered by sources including en.globes.co.il, www.timesofisrael.com, www.calcalistech.com, finance.yahoo.com, www.bakersfield.com.

en.globes.co.il · Mar 11, 2025
Magic will become wholly owned by Matrix in a triangular reverse merger. The combined company is expected to have a market cap of NIS 7.7 billion.
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Frequently Asked Questions
What does Magic Software Enterprises do?

Magic Software Enterprises provides enterprise-grade application development, business process integration software, smart manufacturing solutions, and a broad range of software for IT services. The company's software solutions are used by thousands of businesses of all sizes to develop, deploy, and integrate on-premises, mobile, and cloud-based applications quickly and cost effectively. Its Industry 4.0 solution combines shop-floor-to-top-floor software technologies with integration, customization, and manufacturing expertise to improve business results. Its IT services include planning, management, and consulting for large-scale infrastructures; application development; and technology implementation projects for telecommunications companies, municipalities, cyber-security organizations, and more. The company's products are scalable and platform agnostic, enabling its customers to build solutions using high-level language rather than computer code and to benefit from platform upgrades and cross-platform functionality without rewriting their applications. Its technology also supports the development of mobile and cloud-based applications.

Who founded Magic Software Enterprises?

Magic Software Enterprises was founded in 1983 by David Assia (Co-Founder), Yaki Dunietz (Co-founder (No longer with the company)).

What sector is Magic Software Enterprises in?

Magic Software Enterprises operates in Business Software, IT, R&D & Data Solutions, Product Development Tools, Software Development Tools, Industrial Technologies, Operational Optimization Solutions, with core technologies in Platforms & Interfaces, Web, Software. Target customers: Healthcare & Life Sciences, Enterprise & Professional Services, Service Providers, SMBs & SMEs, Enterprises, Industrial Manufacturing, Manufacturing Facilities, Commerce & Retail.

Where is Magic Software Enterprises located?

Magic Software Enterprises is based in HaPlada St 5, Or Yehuda, Israel. The company also has offices abroad.

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