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Formula Systems information


Formula Systems (1985) Ltd.
Company typePublic
Traded as
Nasdaq: FORTY, TASE: FORT
IndustryConglomerate
PredecessorFormula Software Services
Founded1985; 39 years ago (1985)
FounderDan and Gad Goldstein
Headquarters
Or Yehuda
,
Israel
Key people
Guy Bernstein (CEO)
RevenueIncrease US$640.62 million (2012)
Operating income
Increase US$49.24 million (2012)
Net income
Increase US$42.96 million (2012)
ParentAsseco Poland S.A.
Subsidiaries
  • Matrix IT
  • Magic Software Enterprises
  • Sapiens International Corporation
Websitewww.formulasystems.com
Footnotes / references
[1]
Formula Systems' former Headquarters in Herzliya

Formula Systems (Hebrew: פורמולה מערכות) is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries it operates mainly in the area of information technology. Shares of Formula Systems are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange. In 2010 Polish software maker Asseco acquired a 50.2% stake in the company.

  1. ^ "FORTY Income Statement". Yahoo! Finance. 2011. Retrieved 27 September 2011.

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