Magic Software Enterprises
Development and Software Solutions for IT Services
Startup Public Business Software Est. 1983
Total Raised
Undisclosed
Public
Last Round
$35M
4 rounds
Investors
1
1 public
Team
9
201-500 employees
Confidence
100/100
News
44
articles
About
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.
Classification
Sector
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development ToolsIndustrial TechnologiesOperational Optimization Solutions
Core Technology
Platforms & InterfacesWebSoftware
Target Customer
Healthcare & Life SciencesEnterprise & Professional ServicesService ProvidersSMBs & SMEsEnterprisesIndustrial ManufacturingManufacturing FacilitiesCommerce & Retail
Business Model
B2BB2G
Tags
software-applicationscloud-baseditmobile-applicationsenterprise-solutionsbpmdefensefinancial-institutionshealthcare-providersbanksmanufacturing-facilitiesreal-timemanufacturingretailersindustry-4.0
Funding & Events
Nov 2016
Debt Financing $31.5M
Israeli Financial Institution
May 2019
M&A $20M
May 2018
Debt Financing $35M
Mar 2025
Exit Undisclosed
Jun 2020
M&A Undisclosed
Jun 2020
M&A Undisclosed
Jun 2016
M&A $21M
Jul 2003
M&A $750K
Jan 1998
Exit Undisclosed
Jan 1991
Exit Undisclosed
Feb 2000
Exit Undisclosed
Aug 2022
M&A $25M
News (44)
Mar 11, 2025 · en.globes.co.il
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.
Mar 11, 2025 · www.timesofisrael.com
Israel’s Matrix to snap up Magic Software in $2.1 billion IT services merger deal
Mar 10, 2025 · www.calcalistech.com
Israeli IT giants to unite under Formula Systems, pending shareholder approval.
Sep 10, 2023 · finance.yahoo.com
growth-positive
Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Investment
Aug 24, 2023 · finance.yahoo.com
growth-negative
There's A Lot To Like About Magic Software Enterprises' (NASDAQ:MGIC) Upcoming US$0.33 Dividend
Public Trading
Aug 17, 2023 · finance.yahoo.com
growth-positive
Magic Software Enterprises (NASDAQ:MGIC) Is Paying Out A Larger Dividend Than Last Year
Investment
Aug 14, 2023 · finance.yahoo.com
growth-positive
Magic Software Reports Second Quarter 2023 Financial Results
Customers
Aug 14, 2023 · finance.yahoo.com
growth-positive
Could The Market Be Wrong About Magic Software Enterprises Ltd. (NASDAQ:MGIC) Given Its Attractive Financial Prospects?
Customers
Jul 31, 2023 · finance.yahoo.com
Growth-Positive
Magic Software Enterprises Ltd. (NASDAQ:MGIC) most popular amongst public companies who own 46% of the shares, institutions hold 28%
Investment
Jul 15, 2023 · finance.yahoo.com
growth-positive
There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital
CustomersInvestment
Jul 13, 2023 · finance.yahoo.com
growth-negative
Why These 7 Stocks Are the Best Ways to Play Tech Right Now
Investment
May 25, 2023 · finance.yahoo.com
growth-negative
Cathie Wood is Selling These 12 Stocks in 2023
Investment
May 19, 2023 · finance.yahoo.com
growth-neutral
Estimating The Fair Value Of Magic Software Enterprises Ltd. (NASDAQ:MGIC)
Investment
May 18, 2023 · finance.yahoo.com
growth-positive
Magic Software Reports First Quarter 2023 Financial Results
Customers
May 18, 2023 · finance.yahoo.com
growth-negative
7 Stocks to Buy for Their Massive Upside Potential
Investment
Apr 16, 2023 · finance.yahoo.com
7 Stocks to Buy to Bag Big-Time Returns in Q2
Mar 21, 2023 · finance.yahoo.com
3 Stocks That Are Long Overdue to Take Off
Mar 20, 2023 · finance.yahoo.com
Growth-Negative
At US$12.91, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?
None
Mar 13, 2023 · finance.yahoo.com
growth-positive
Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2022 Earnings Call Transcript
CustomersInvestmentManagement ChangesExpand
Mar 9, 2023 · finance.yahoo.com
Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)
+ 24 more articles
Details
Product Stage
Released
Employees
201-500
Exact Count
492
Founded
1983
Registrar
520036740
Crunchbase
magic-software-enterprises
Locations
HaPlada St 5, Or Yehuda, Israel
East Irvine, Irvine, CA, USA
Bracknell, UK
92100 Boulogne-Billancourt, France
Veenendaal, Netherlands
85737 Ismaning, Germany
Budapest, Hungary
Pune, Maharashtra, India
Tokyo, Japan
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Mar 27, 2025
Verified by
Yanina Wainscheinker
Claimed
Yes
Missing
markets
Team (9)
Arik Kilman
Chairman
Guy Bernstein
CEO
David Assia
Co-Founder
Founder
Yaki Dunietz
Co-founder (No longer with the company)
Founder
Asaf Berenstin
CFO
Karin Netzer
CMO
Yuval Lavi
CTO
Ronen Kaufman
VP HR
Shai Falay
Marketing Manager
Internal
Created by
Raz Zohar (raz@platterz.ca)
Created
2014-09-22T00:00:00.000Z
Last editor
Dana Arnon (dana.arnon@mail.huji.ac.il)
Status
Acquired by Formula Group on Jan, 1998