Enterprise Software / Integration Platforms as a Service (iPaaS) / Low-Code Application Development
Strategic Profile
As of February 24, 2026, Magic Software completed a reverse merger with Matrix I.T Ltd., becoming a private company wholly owned by Matrix. The company was delisted from NASDAQ and TASE on February 25, 2026. The combined entity operates in approximately 50 countries, serves around 6,000 active clients, and employs over 15,000 employees.
Cyborg Score Rationale
Q2 2025 revenues increased 11.3% year-over-year to $151.6 million. Q3 2025 showed record-breaking revenues of $161.7 million with 13.1% year-over-year growth. The company demonstrates solid revenue growth and market traction, though the pending merger creates transition uncertainty.
Top Insights
Successfully completed Matrix I.T merger on February 24, 2026, creating combined entity now private
Israeli operations showed 18.8% YoY revenue growth in Q2 2025 to $68.7 million
Low-code platform positioned to address critical enterprise modernization and legacy-to-cloud migration challenges
Strategic alliances with global IT leaders: Amazon, IBM, Microsoft, Oracle, Salesforce, and SAP
Named Competitors
MuleSoft Anypoint Platform — Cloud-native iPaaS and low-code integration
Boomi — Cloud-based integration and API management
Microsoft Power Platform — Low-code development and automation
Recent Developments
(February 2026) Completed reverse triangular merger with Matrix I.T Ltd; company now private and delisted
(November 2025) Q3 2025 record revenues of $161.7 million, 13.1% YoY growth