Formula Systems (FORTY)

[midastouch017]

Magic Software Joins Forces With Norway's Leading Integrator
Wednesday September 14, 7:00 am ET
Faster Integration Will Leverage More Productivity From Current IT Systems


HOUTEN, Netherlands, Sept. 14 /PRNewswire-FirstCall/ -- Magic Software Enterprises (Nasdaq: MGIC - News), a leading provider of state-of-the-art development and integration technology, announced today that it has signed an agreement with WM Data, one of Norway's leading system integrators, according to which WM Data will employ Magic's iBOLT business integration suite for its integration projects.

WM Data has a wide variety of customers from major Nordic banks and insurance companies to car manufactures, retail industries and the public sector. WM Data's customers benefit from the wide range of services offered including system integration, enterprise resource planning, supply chain management and application management. It is envisaged that iBOLT will provide WM Data with a competitive edge in being able to decrease integration timescales whilst offering extensive functionality to the final project.

Tor Malmo, Managing Director of WM Data comments, "Our customers often require tactical integration projects to relieve pressure points within their business processes, and by taking just small components from a variety of internal systems we can create a business solution that immediately addresses these issues within the company operation. Magic's iBOLT will enable us to provide this service quickly and at an affordable price; the benefit to our customers is that they can leverage more from their current IT investment."

"We are very pleased that WM Data has decided to include iBOLT in its portfolio of services and products. We are matching WM Data's commitment of dedicated iBOLT sales personnel with local training and support, and both companies are very encouraged by the amount of interest from customers," says Regev Yativ, Managing Director, Magic EMEA.

About Magic Software Enterprises

Magic Software Enterprises, a subsidiary of Formula Systems (Nasdaq: FORTY - News), is a leader in composite application development and deployment platforms, featuring a Service Oriented Architecture (SOA), Application Integration and Business Process Management (BPM). Magic customers rapidly develop and deploy applications, customizing and integrating with existing and legacy systems. Our products build on 20 years of R&D and customer experience, leading the industry in Composite Application Development. Magic technology, products and professional services are available through a global network of subsidiaries, distributors and over 2500 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 Avenida de la Carlota Suite 300 Laguna Hills, CA 92653, telephone [phone], fax [phone]. http://www.magicsoftware.com.

http://biz.yahoo.com/prnews/050914/lnw001.html?.v=9

Dubi