Magic Software Enterprises

Development and Software Solutions for IT Services

Business Software
Acquired by Formula Group on Jan 1998
Public Or Yehuda Founded 1983
Total raised
Last: Debt Financing 2018-05
Stage
Public
Founded
1983
Headcount
492
HQ
Or Yehuda
Sector
Business Software

About

Magic Software Enterprises provides enterprise-grade application development, business process integration software, smart manufacturing solutions, and a broad range of software for IT services. The company's software solutions are used by thousands of businesses of all sizes to develop, deploy, and integrate on-premises, mobile, and cloud-based applications quickly and cost effectively. Its Industry 4.0 solution combines shop-floor-to-top-floor software technologies with integration, customization, and manufacturing expertise to improve business results. Its IT services include planning, management, and consulting for large-scale infrastructures; application development; and technology implementation projects for telecommunications companies, municipalities, cyber-security organizations, and more. The company's products are scalable and platform agnostic, enabling its customers to build solutions using high-level language rather than computer code and to benefit from platform upgrades and cross-platform functionality without rewriting their applications. Its technology also supports the development of mobile and cloud-based applications.

Funding history · 2 rounds · — total

2018-05
Debt Financing $35.0M
2016-11
Debt Financing $31.5M

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsProduct Development ToolsSoftware Development ToolsIndustrial TechnologiesOperational Optimization Solutions
Technologies
Platforms & InterfacesWebSoftware
Target customers
Healthcare & Life SciencesEnterprise & Professional ServicesService ProvidersSMBs & SMEsEnterprisesIndustrial ManufacturingManufacturing FacilitiesCommerce & Retail
Business model
B2BB2G

Highlights

Verified

Tags

software-applicationscloud-baseditmobile-applicationsenterprise-solutionsbpmdefensefinancial-institutionshealthcare-providersbanksmanufacturing-facilitiesreal-timemanufacturingretailersindustry-4-0