Stock FORMULA SYSTEMS (1985) LTD
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Inactive Instrument

Company Formula Systems (1985) Ltd TEL AVIV STOCK EXCHANGE

Equities

IL0002560162

IT Services & Consulting

Business Summary

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.

Sales per Business

ILS in Million2022Weight2023Weight Delta
Matrix Information Technology
54.0 %
4,665 54.0 % 5,223 54.0 % +11.96%
Magic Software
20.3 %
1,887 21.8 % 1,960 20.3 % +3.85%
Sapiens
19.6 %
1,595 18.5 % 1,898 19.6 % +18.98%
Other
6.0 %
449 5.2 % 578 6.0 % +28.78%
Reconciling Items
-3.1 %
-248 -2.9 % -296 -3.1 % +19.50%
ZAP Group
1.7 %
168 1.9 % 167 1.7 % -0.37%
Michpal
1.4 %
127 1.5 % 136 1.4 % +7.43%

Sales per region

ILS in Million2022Weight2023Weight Delta
Israel
61.1 %
5,279 61.1 % 5,904 61.1 % +11.84%
United States
24.6 %
2,286 26.4 % 2,378 24.6 % +4.05%
Europe
12.0 %
881 10.2 % 1,162 12.0 % +31.85%
Africa
1.0 %
90 1.0 % 96 1.0 % +7.06%
Other (mainly Asia Pacific)
0.8 %
69 0.8 % 82 0.8 % +18.03%
Japan
0.5 %
38 0.4 % 44 0.5 % +15.07%

Managers

Managers TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 06-10-31
Asaf Berenstein DFI
 Director of Finance/CFO 46 11-10-31
Maya Solomon Ella COO
 Chief Operating Officer 46 16-08-31
Eyal Weitzman AUD
 Comptroller/Controller/Auditor 64 -

Members of the board

Members of the board TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 06-10-31
Marek Pawel Panek CHM
 Chairman 53 10-11-24
Gabriela Barbara Zukowicz BRD
 Director/Board Member 49 22-07-31
Relly Ariela Danon BRD
 Director/Board Member 54 22-04-30
Karolina Rzonca-Bajorek BRD
 Director/Board Member 38 22-07-31
Rafal Kozlowski BRD
 Director/Board Member 50 21-07-31
Tomer Jacob BRD
 Director/Board Member 52 22-04-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 15,901,287 9,519,707 ( 59.87 %) 568,620 ( 3.576 %) 59.87 %

Shareholders

NameEquities%Valuation
ASSECO POLAND S.A.
25.82 %
3,958,154 25.82 % 306 M ILa
Guy Shimon Bernstein
11.73 %
1,797,973 11.73 % 139 M ILa
Harel Provident Funds Ltd.
7.718 %
1,183,377 7.718 % 91 M ILa
Menora Mivtachim Provident Funds Ltd.
7.120 %
1,091,708 7.120 % 84 M ILa
Clal Pension & Provident Funds Ltd.
5.270 %
808,061 5.270 % 62 M ILa
Yelin Lapidot Provident Funds Management Ltd.
4.244 %
650,743 4.244 % 50 M ILa
Yelin Lapidot Mutual Fund Management Ltd.
2.158 %
330,846 2.158 % 26 M ILa
KSM Mutual Funds Ltd.
1.766 %
270,775 1.766 % 21 M ILa
Migdal Mutual Funds Ltd.
1.335 %
204,638 1.335 % 16 M ILa
Meitav Mutual Funds Ltd.
1.278 %
195,982 1.278 % 15 M ILa
NameEquities%Valuation
Harel Mutual Funds Ltd.
8.598 %
1,318,304 8.598 % 104 M ILa
Meitav Mutual Funds Ltd.
7.624 %
1,168,940 7.624 % 92 M ILa
Phoenix Investments House Ltd.
7.070 %
1,084,025 7.070 % 85 M ILa
Yelin Lapidot Investment Portfolio Management Ltd.
6.402 %
981,589 6.402 % 77 M ILa
CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
5.379 %
824,703 5.379 % 65 M ILa
TFG Advisers LLC
0.0496 %
7,601 0.0496 % 598 579 ILa
GHP Investment Advisors, Inc.
0.0454 %
6,961 0.0454 % 548 179 ILa
Altshuler Shaham Investments House Ltd.
0.0287 %
4,408 0.0287 % 347 130 ILa
Dimensional Fund Advisors LP
0.0269 %
4,126 0.0269 % 324 923 ILa
Morgan Stanley Capital Services LLC
0.0190 %
2,907 0.0190 % 228 926 ILa

Holdings

NameEquities%Valuation
SAPIENS INTERNATIONAL CORPORATION N.V.
43.62%
 24,314,766 43.62% 815,030,956 $
MATRIX IT LTD.
48.21%
 30,623,239 48.21% 609,043,246 $
MAGIC SOFTWARE ENTERPRISES LTD.
46.71%
 22,933,809 46.71% 243,786,390 $

Company contact information

Formula Systems (1985) Ltd.

Yahadut Canada 1 Street

60375, Or Yehuda

+972 3 538 9389

http://www.formulasystems.com
address Formula Systems (1985) Ltd

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

Sector Other IT Services & Consulting

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