Formula Ltd

Founded in 1985, Formula Systems (1985) Ltd. is a global technology holding company publicly traded on the Tel Aviv Stock Exchange (TASE) and the NASDAQ Global Market. The company operates through its portfolio of software and IT services companies, which include Matrix, Sapiens International Corporation, Magic Software Enterprises, and Michpal. These subsidiaries provide a wide range of proprietary and non-proprietary software solutions, IT services, consulting, and software development to a diverse global client base across various industries, including finance, insurance, healthcare, and government.