OverviewSuggest Edit

Magic Software Enterprises empowers customers and partners around the globe with smarter technology that provides a multi-channel user experience. Our future-proof platforms provide a productive environment for streamlined development and deployment, and effective integration of core business applications, supporting scalable deployment on multiple channels, including on-premise, Web (HTML5), rich Internet, mobile, and SaaS. Using a fresh metadata-driven approach and forward-looking expertise, we deliver products and services that can be deployed with minimal effort, while making the best use of existing assets. We draw on 30 years of experience, millions of installations worldwide, and strategic alliances with global IT leaders, including IBM, Microsoft, Oracle, Salesforce, and SAP, to enable our customers to seamlessly adopt new technologies and maximize business opportunities. With a presence in more than 50 countries, including 14 regional offices, we collaborate closely with our customers and thousands of business partners to accelerate their business performance.
TypePublic
Founded1983
HQOr Yehuda, IL
Websitemagicsoftware.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)2,640(+19%)
Revenue (FY, 2016)$201.6 M(+15%)
Share Price (Jun 2021)₪50.6(-2%)
Cybersecurity ratingDMore

Key People/Management at Magic Software

Guy Bernstein

Guy Bernstein

Chief Executive Officer, External Director
Asaf Berenstin

Asaf Berenstin

Chief Financial Officer
Arik Kilman

Arik Kilman

Chairman, Software Solutions Division
Kenny Krupnik

Kenny Krupnik

Vice President, Research and Development
Stephan Romeder

Stephan Romeder

Vice President Global Business Development
Karin Netzer

Karin Netzer

Chief Marketing Officer
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Magic Software Office Locations

Magic Software has offices in Or Yehuda, Laguna Hills, Boulogne-Billancourt, Ismaning and in 7 other locations
Boulogne-Billancourt, FR
9 Rue Henri Martin 5eme etage
Ismaning, DE
Lise-Meitner-Straße 3
Pune, IN
9-12, Tara Icon, Old Mumbai - Pune Hwy, Wakadewadi, Shivajinagar
Or Yehuda, IL
5 HaPlada St
Shinjuku City, JP
2-chōme-21-1 Kitashinjuku
Nieuwegein, NL
Parkerbaan 2
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Magic Software Financials and Metrics

Magic Software Revenue

Magic Software's revenue was reported to be $201.65 m in FY, 2016 which is a 14.6% increase from the previous period.
USD

Revenue (FY, 2016)

201.6m

Revenue growth (FY, 2015 - FY, 2016), %

14.6%

Market capitalization (10-Jun-2021)

2.5b

Closing stock price (10-Jun-2021)

50.6
Magic Software's current market capitalization is ₪2.5 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

164.3m176.0m201.6m

Revenue growth, %

7%15%
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Magic Software Operating Metrics

FY, 2016

Countries

50

Vendors

3 k
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Magic Software Revenue Breakdown

Embed Graph

Magic Software revenue breakdown by business segment: 35.1% from Software Services and 64.9% from IT professional services

Magic Software Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

Magic Software Online and Social Media Presence

Embed Graph

Magic Software News and Updates

Magic Software Reports First Quarter 2021 Financial Results

OR YEHUDA, Israel, May 10, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms solutions and IT consulting services, announced today its financial results for the first quarter ended Mar…

Magic Software to Announce First Quarter 2021 Financial Results on May 10, 2021

Or Yehuda, Israel, April 22, 2021 (GLOBE NEWSWIRE) --  Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platforms and IT consulting services, announced today that it will report its financial results for the f…

Magic Software Introduces FactoryEye, a Dynamic Industry 4.0 Solution for North American Manufacturers

Magic Software Enterprises Ltd, ( NASDAQ  and  TASE: MGIC ), a global provider of end-to-end integration platform solutions and IT consulting services, introduces FactoryEye to North American manufacturers. Powered by a dynamic IIoT (Industrial Internet of Things) platform, FactoryEye collects real-…

Magic Software Launches FactoryEye For Empowering Manufacturers’ Transition to Industry 4.0

Or Yehuda, Israel, May 21, 2019 (GLOBE NEWSWIRE) -- Magic’s new platform will enable manufactures to transform into “Industry 4.0” with minimum changes to their enterprise systems.

Magic Software Acquires PowWow Creator of SmartUX™, A leading Low-Code Development Platform for Mobilizing and Modernizing Enterprise Apps

The Acquisition is The Latest Step in Magic’s Journey to Expand its End-to-End Offering of Digital Transformation for the Enterprise and Enables Magic to accelerate its Growth

Magic Software Announces Filing of 2018 Annual Report

Or Yehuda, Israel, April 30, 2019 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT consulting services, announced today that it has filed its annual report containing audited conso…
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Magic Software Blogs

What Manufacturers Need to Know About OEE Measurement and Improvement

Synopsis: OEE is the gold standard for measuring manufacturing productivity. Improving OEE is one of the most important ways to drive operational excellence initiatives for manufacturers. The big challenges are measuring OEE continuously – at the level of detail required to drive real change, and ge…

Supply-Chain Risks Reduction with Industrial IoT

The post Supply-Chain Risks Reduction with Industrial IoT appeared first on Magic Software.

Point-to-Point Development as an Integration Solution – Defusing the Ticking Time Bomb in IT Infrastructure

The post Point-to-Point Development as an Integration Solution – Defusing the Ticking Time Bomb in IT Infrastructure appeared first on Magic Software.

How COVID 19 is Changing Supply Chain Management

The post How COVID 19 is Changing Supply Chain Management appeared first on Magic Software.

Digital Transformation for mid-sized companies with CEO Mr. Frank M. Burns

The post Digital Transformation for mid-sized companies with CEO Mr. Frank M. Burns appeared first on Magic Software.

Why Business Intelligence Platforms aren’t Enough for Manufacturers Moving to Industry 4.0

The post Why Business Intelligence Platforms aren’t Enough for Manufacturers Moving to Industry 4.0 appeared first on Magic Software.
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Magic Software Frequently Asked Questions

  • When was Magic Software founded?

    Magic Software was founded in 1983.

  • Who are Magic Software key executives?

    Magic Software's key executives are Guy Bernstein, Asaf Berenstin and Arik Kilman.

  • How many employees does Magic Software have?

    Magic Software has 2,640 employees.

  • What is Magic Software revenue?

    Latest Magic Software annual revenue is $201.6 m.

  • What is Magic Software revenue per employee?

    Latest Magic Software revenue per employee is $76.4 k.

  • Who are Magic Software competitors?

    Competitors of Magic Software include Vizury, Richestsoft and Weavers Web Solutions.

  • Where are Magic Software offices?

    Magic Software has offices in Or Yehuda, Laguna Hills, Boulogne-Billancourt, Ismaning and in 7 other locations.

  • How many offices does Magic Software have?

    Magic Software has 12 offices.