Formula Systems (1985) Ltd. Overview
Pro stress-test →Formula Systems is a global information technology group engaged in providing software consulting services and computer-based business solutions and developing proprietary software products. The company is recognized as a market leader in Israel in the implementation of fastest-growing technologies, such as cloud, cyber, digital, data, DevOps and AI.
Strategic Profile
Pro stress-test →The company's main subsidiaries are Magic Software Enterprises Ltd., Matrix IT Ltd., and Sapiens International Corporation N.V. Formula Systems is one of the best-performing midcap tech stocks in the last 3 years, riding steady earnings growth and strategic portfolio realignment.
Competitive Landscape
Pro stress-test →Formula Systems operates in the Systems and Information Management industry. The company competes with other IT consulting and software development firms in Israel and globally, leveraging specialized domain expertise in insurance (Sapiens), software integration (Matrix), and vendor management systems (Magic Software).
Industry Context
Formula Systems (1985) Ltd. operates in Information Technology Services & Software Development.
Key facts
Founded: 1985 · Headquarters: Or Yehuda, Israel · Employees: 22,720 · Revenue: $2.81B (trailing 12 months as of March 2025) · Market cap: $1.62B (as of June 2025)