Formula Systems (FORTY)

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Italy's PAC2000A to Implement 'Real Time Enterprise' With Magic's iBOLT
Tuesday July 5, 7:00 am ET


HOUTEN, Netherlands, July 5 /PRNewswire-FirstCall/ -- Magic Software Enterprises (Nasdaq: MGIC - News), a leading provider of state-of-the-art business integration and development technology, announced today that PAC2000A has chosen Magic's iBOLT for an internal integration project. PAC2000A is one of the main retail cooperatives in Italy.
With a yearly revenue of more than 1 Billion euro and more than 2,000 employees, PAC2000A is one of the leading cooperatives of retail chains in Italy, with approximately 1,200 affiliated points of sale. PAC2000A has chosen Magic's iBOLT Integration Suite (www.magicsoftware.com/ibolt) as part of their integration program to better respond to information needs and provide their points of sale network with integrated support.

iBOLT will be used to implement the "Real Time Enterprise" architecture, presenting the enterprise's business situation through the optimization of business processes. PAC2000A will improve integration of its own ERP and existing internal and external applications, most of which were already developed with Magic's eDeveloper.

"It is crucial for us to reduce complexities and cost while working toward our goal of supplying real-time information to our members and internal team," said Mr. Vanni Chioccoloni, PAC2000A EDP manager. "iBOLT will enable us to rapidly and cost-effectively create the kind of federated architecture needed to implement this strategy, while leveraging, rather than replacing, our current IT infrastructures."

"We are very pleased to work with a market leader like PAC2000A who has reaffirmed their strategic decision to use Magic and iBOLT for their EAI and BPM needs," said Regev Yativ, Managing Director of Magic Software European operations. "This deal with PAC2000A is a clear demonstration of iBOLT's ability to attract enterprises seeking integration solutions, an ability that we expect will help to generate many more iBOLT deals in the near future."

About Magic Software Enterprises

Magic Software Enterprises, a subsidiary of Formula Systems (Nasdaq: FORTY - News), develops, markets and supports software development, deployment and integration technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners in approximately 50 countries. The Company's EMEA HQ offices are located in the Netherlands, Pelmolen 17 3994XX Houten, 0031-30.6566266. The company's North American subsidiary is located at 23046 Avenida de la Carlota Suite 300 Laguna Hills, CA 92653, telephone [phone], fax [phone]. www.magicsoftware.com

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