Last updated 2026-07-23
- Raised $4.2M Follow-on PO led by Seymour Pierce Ltd., Aug 2005
Total raised
$4.2M
Stage
Mature
Founded
1997
Headcount
500+
HQ
Or Yehuda, Israel
Sector
Business Software
About
FTS (Formula Telecom Solutions) is an Israeli company that provides convergent billing, charging, customer care, policy control, and payment solutions. Their solutions are designed to offer flexibility and independence to communications and content service providers, aiming for a lower total cost of ownership. FTS deploys its end-to-end and add-on telecom billing systems, policy management, and mobile money solutions to customers in over 40 countries across various markets including mobile, wireline, cable, wireless, content, M2M, IoT, cloud, broadband, e-commerce, and m-commerce. FTS is a Magic Software Group company.
Funding history · 1 round · $4.2M total
2005-08
Follow-on PO
$4.2M
★ Seymour Pierce Ltd.
Headcount over time
From 675 (2017-05) to 377 (2026-07) · -298 (-44%) · 20 points · source: Finder history + radar grounding
Q&A
- What is FTS's primary business?
- FTS is a global provider of convergent billing, charging, customer care, policy control, and payment solutions for communications and content service providers.
- Where is FTS headquartered?
- FTS is headquartered in Or Yehuda, Israel.
- When was FTS founded?
- FTS was founded in January 1997.
- In which markets does FTS deploy its solutions?
- FTS deploys its solutions to customers in over 40 countries across wireless, wireline, cable, MVNE and MVNO, M2M and IoT, broadband, content, cloud, mobile money, and eCommerce markets.
- What is FTS's current company stage?
- FTS is currently in the Mature stage.
- Which company is FTS a part of?
- FTS is a Magic Software Group company.
- What are the primary sectors FTS operates in?
- FTS's primary sector is Business Software, with additional sectors including Fintech & Insurtech, Money Transfer & Management, and IT, R&D & Data Solutions.
Sectors & technology
Primary sector
Business Software
Sub-sectors
Fintech & InsurtechMoney Transfer & ManagementBusiness SoftwareIT, R&D & Data SolutionsProject Management & Collaboration
Technologies
Platforms & InterfacesAPIData StorageCDNCloud
Target customers
Financial ServicesCommerce & RetailCommunication Services
Business model
B2B
Tags
billingpaymentsfintechtransactionssoftware-applicationstelecommunicationcontent-providersiotmobile-carriersenterprise-solutions
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | fts-soft.com |
|---|---|
| linkedin.com/company/9009 | |
| YouTube | youtube.com/channel/UC3XkROAcjWyOEAIfx4Qkcqw |
Identifiers & details
| Legal name | Formula Telecom Solutions |
|---|---|
| Former names | Formula Telecom Solutions |
| Founded | 1997-1 |
| Employees (exact) | 700 |
| Offices | Sofia |
Radar intelligence
Open jobs — greenhouse
| Total open | 1 |
|---|---|
| Remote | 0 |
| By department | Partner Company (1) |
| By location | Dallas, TX (1) |
| Title | Location | Department |
|---|---|---|
| Service Technician | Dallas, TX | Partner Company |
Patents
| EPO | 974 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
Web history (Wayback)
| Domain | fts-soft.com |
|---|
Certificate / subdomain footprint
| Subdomains | 2 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 512437864 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1997-01-22 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 1 — people (1) |
| Registered address | יהדות קנדה 1 אור יהודה |
Recent registry events
| Date | Event |
|---|---|
| 2026-06-14 | עדכון בעלי תפקידים |