Last updated 2026-07-26
- Acquired by Matrix IT Ltd. for $2.1B, Feb 2026
- Raised $35M debt round, Apr 2018
- Raised $31.5M debt round led by Israeli Financial Institution, Oct 2016
Total raised
$66.5M
Last: Undisclosed Round 2018-05
Stage
Public
Founded
1983
Headcount
350
HQ
Or Yehuda, Israel
Sector
Business Software
About
Magic Software Enterprises Ltd. is a global enterprise software company that provides low-code integration and data management platforms. Its solutions simplify the connection between legacy on-premise systems and modern cloud applications, enabling enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services. The company also offers IT professional services, including infrastructure design, application development, technology consulting, and project management.
Funding history · 4 rounds · $66.5M total
2018-04
Debt Financing
$35.0M
2016-10
Debt Financing
$31.5M
★ Israeli Financial Institution
2000-01
Follow-on PO
Undisclosed
1990-12
Follow-on PO
Undisclosed
Headcount over time
From 446 (2018-09) to 3,787 (2026-07) · +3,341 (+749%) · 65 points · source: Finder history + radar grounding
Q&A
- When was Magic Software Enterprises acquired and by whom?
- Magic Software Enterprises was acquired by Matrix IT Ltd. in February 2026 for $2.1 billion.
- What was the amount raised in Magic Software Enterprises' B Round?
- In February 2024, Magic Software Enterprises raised $117,000,000 in a B Round.
- What was the amount of Magic Software Enterprises' A Round?
- In February 2023, Magic Software Enterprises raised $23,000,000 in an A Round.
- When did Magic Software Enterprises complete its Seed round?
- Magic Software Enterprises completed a Seed round of $5,100,000 in March 2022.
- What is the current employee count for Magic Software Enterprises?
- Magic Software Enterprises currently has 201–500 employees.
- When was Magic Software Enterprises founded?
- Magic Software Enterprises was founded in 1983.
Team · 2
David Assia
Founder · Founder
Yaki Dunietz
Founder · Founder
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
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | magicsoftware.com |
|---|---|
| linkedin.com/company/164813 | |
| X / Twitter | twitter.com/magicsoftware |
| facebook.com/MagicSoftwareEnterprises | |
| YouTube | youtube.com/user/MagicSoftware |
| Wikipedia | en.wikipedia.org/wiki/Magic_Software_Enterprises |
| Wikidata | wikidata.org/wiki/Q1548363 |
Identifiers & details
| Legal name | Magic Software Enterprises Ltd. |
|---|---|
| Founded | 1983 |
| Employees (exact) | 350 |
| Offices | Irvine; Bracknell; Boulogne-Billancourt; Veenendaal; Ismaning; Budapest; Pune; Japan |
| Market cap | $1.3B |
| Status reason | Acquired by Formula Group on Jan 1998 |
| Wikidata QID | Q1548363 |
Acquisitions & public offerings
Acquired by Matrix IT Ltd. 2026-02 $2.1B
Radar intelligence
App Store
| App | Rating | Ratings |
|---|---|---|
| Magic xpa Client |
Web history (Wayback)
| Domain | magicsoftware.com |
|---|
Wikidata
| QID | Q1548363 |
|---|
Certificate / subdomain footprint
| Subdomains | 40 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 520036740 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1983-02-10 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2026 |
| Active charges / liens | 0 |
| Registry events | 10 — charge (1), merger (1), other (1), annual_report (6), people (1) |
| Registered address | יהדות קנדה 1 אור יהודה |
Recent registry events
| Date | Event |
|---|---|
| 2025-07-29 | סילוק שעבוד |
| 2026-02-23 | מיזוג מרצון חברה קולטת |
| 2026-03-15 | שינוי סיווג חברה |
| 2026-03-09 | דו~ח שנתי-עדכון מען דיגיטלי |
| 2026-03-09 | דו~ח שנתי-עדכון בעלי מניות |
| 2026-03-09 | דו~ח שנתי-הגדלת הון |
| 2026-03-09 | דו~ח שנתי-הסרת דירקטור |
| 2026-03-09 | דו~ח שנתי-הוספת דירקטור |
| 2026-03-09 | דו~ח שנתי-שינוי בהוראות בתקנון |
| 2026-03-05 | עדכון בעלי תפקידים |