Formula Systems (1985), Ltd., a holding company, engages in the provision of software consulting services and computer-based business solutions, and the development of proprietary software products. It operates in two segments, Information Technology (IT) Services and Proprietary Software Solutions. The IT Services segment engages in application development, system integration, and migration of IT platforms. It also provides IT consulting, e-services, outsourcing, conversion services, and application and implementation of enterprise resource planning and customer relationship management (CRM) systems. In addition, this segment imports software products and operates a training school. The Proprietary Software Products segment designs, develops, and markets proprietary software solutions, which include Modernization solutions, Magic-technology, and Magic eMerchant; solutions for law enforcement; application software for long term care industry; and solutions for car rental, banking and finance, telecommunications, and insurance industries. It also offers CRM systems; and Sapiens eMerge, re-engineering, and AppBuilder applications. Formula Systems was co-founded by Dan and Gad Goldstein, and was incorporated in 1985. The company is headquartered in Herzlia, Israel.
3 Abba Eban Boulevard
Fax: 972 9 959 8877
Web Site: http://www.formulasystems.com
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