Magic Software Enterprise... (MGIC)
Company Description
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally.
The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services.
Its 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, and supplemental outsourcing services.
The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications.
It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers.
In addition, the company provides software maintenance, support, training, and consulting services.
The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991.
Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Country | IL |
IPO Date | Aug 30, 1991 |
Industry | Information Technology Services |
Sector | Technology |
Employees | 3,628 |
CEO | Yakov Tsaroya |
Contact Details
Address: Terminal Center Or Yehuda, IL | |
Website | https://www.magicsoftware.com |
Stock Details
Ticker Symbol | MGIC |
Exchange | NASDAQ |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | 0000876779 |
CUSIP Number | 559166103 |
ISIN Number | IL0010823123 |
Employer ID | 33-0477418 |
SIC Code | 7372 |
Key Executives
Name | Position |
---|---|
Eli Schwartz | Chief Executive Officer of Comblack I.T. Ltd. |
Hanan Shahaf MBA | Chief Executive Officer of Roshtov Software Industries Ltd |
Idan Faingold | Chief Executive Officer of CommIT Technology Solutions Ltd |
Yakov Tsaroya | Chief Executive Officer of Coretech Consulting Group LLC, |
Yuval Baruch | Chief Executive Officer of Hermes Logistics Technologies |
Karin Netzer | Chief Marketing Officer |
Arik Faingold | President of Integration Solutions Division |
Arik Kilman | Chairman of Software Solutions Division |
Eric Choppe | Managing Director of Southern Europe |
Yuval Lavi | Vice President Technology & Innovation - Software Solutions division |
Latest SEC Filings
Date | Type | Title |
---|---|---|
May 21, 2025 | 6-K | Filing |
May 15, 2025 | 20-F | Filing |
May 12, 2025 | 6-K | Filing |
May 05, 2025 | 6-K | Filing |
Apr 30, 2025 | NT 20-F | Filing |
Mar 11, 2025 | 6-K | Filing |
Mar 11, 2025 | 6-K | Filing |
Mar 11, 2025 | 6-K | Filing |
Feb 18, 2025 | 6-K | Filing |
Nov 18, 2024 | 6-K | Filing |