Formula Systems (FORTY)

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Newman Inc. Implements Service Oriented Architecture with Magic Software's iBOLT
Tuesday August 2, 7:00 am ET
Paperboard Recycler Reduces Errors and Eliminates Inefficiencies with iBOLT


LAGUNA HILLS, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Magic Software Enterprises (Nasdaq: MGIC - News), a leader in composite software applications and processes, announced today that Newman and Co., Inc., an innovative paperboard recycling company, has implemented Magic's iBOLT Integration Suite to improve business processes and to begin putting in place the infrastructure for a Service Oriented Architecture.
Newman is a manufacturer of high quality recycled paperboard located in Philadelphia, Pa. Newman had a need to integrate existing legacy systems based on an older version of FoxPro with its Warehouse Management System, a Platinum ERP system, and other systems. Newman's iBOLT solution will utilize XML to integrate elements of the supply chain with trading partners while eliminating, or automating time consuming processes.

"iBOLT offered the great advantage of providing us with a way to integrate with our existing legacy systems while at the same time modernizing those legacy applications on an evolutionary basis without sacrificing integrity of our data during the implementation process," said Robert Bennett, CIO for Newman. "We have already implemented our first integration project with iBOLT and it has immediately eliminated the errors we were experiencing with a custom invoicing interface to the Platinum system."

Magic Software's iBOLT is designed as a comprehensive, cost-effective and straightforward Business Process Integration framework. iBOLT seeks to rationalize competing standards and proprietary formats while quickly creating and dynamically deploying new business processes, services, and applications. Its innovative visual design tools, Data Mapper and integration wizards are positioned to assure enterprises of fast, successful, end-to-end business integration.

Oren Inbar, CEO of Magic Software Enterprise's North America subsidiary said, "Newman's choice of Magic truly illustrates the powerful capabilities we offer to enterprises of all sizes pursuing service oriented architectures and composite applications capability. With iBOLT, Newman found a single unified technology to provide business process design, messaging, transformation, routing and monitoring."

About Magic Software Enterprises

Magic Software Enterprises, Ltd. (http://www.magicsoftware.com/), 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 WW HQ is located in Or Yehuda, Israel, its EMEA HQ offices are located in Houten, the Netherlands, and its North American HQ is located in Laguna Hills, California.

http://biz.yahoo.com/prnews/050802/lntu001.html?.v=11

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