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Profile: Magic Software Enterprises Ltd (MGIC.TA)

MGIC.TA on Tel Aviv Stock Exchange

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Magic Software Enterprises Ltd., incorporated on February 10, 1983, is a provider of application development and business process integration platforms, selected vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. The Company's software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. The Company operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. The Company's product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.

Software services

The Company's software solutions enable enterprises to accelerate the planning, development, deployment and integration of on premise, mobile and cloud business applications. The Company's software solutions include application platforms for developing and deploying business applications and an integration platform that allows the integration and interoperability of diverse solutions, applications and systems. The Company sells solutions globally through its direct sales representatives and offices and through a sales distribution network, including independent country distributors, independent service vendors that use its technology to develop and sell solutions to their customers, and system integrators. The Company also offers software maintenance, support, training, and consulting services in connection with its products and vertical software solutions.

The Company's Magic xpa Application Platform is used for developing and deploying business applications. Magic xpa Application Platform is its metadata driven application platform that provides a code-free development and deployment environment that lets organizations and Magic Software Providers (MSPs) create enterprise-grade, multi-channel mobile and desktop business application. The AppBuilder Application Platform builds, deploys and maintains mainframe-grade business applications. It provides the infrastructure for enterprises across different industries. AppBuilder platform is a development environment used for managing, maintaining and reusing complicated applications needed by the businesses. The Magic xpi Integration Platform is a platform for application integration. The Company's Magic xpi integration platform is a graphical, wizard-based code-free solution delivering integration and orchestration of business processes and applications. Magic xpi allows businesses to view, access, and leverage their mission-critical information, delivering true enterprise application integration (EAI), business process management (BPM), and service-oriented architecture (SOA) infrastructure.

The Company's Leap Business Control and Charging Function (BCCF) enables service providers to handle the aspects of event processing, from defining the system's business logic, through importing events and formatting, to charging and executing business rules. Leap Billing 6.2 is a convergent charging, billing and customer care solution. Leap Policy Control is an integrated charging and policy control solution. FTS Express is a software appliance for online charging, billing, balance management, customer care, policy control and interconnect. HR Pulse is a platform that creates software applications for human capital management (HCM). The Hermes system is a packaged software solution for managing air cargo ground handling stations (GHA), including all aspects of cargo handling, from physical handling and cargo documentation through customs, electronic data interchange (EDI) communications, dangerous goods, special handling, track and trace, security to billing. The Company offers consulting services in connection with installation assurance, application audits, application migration and application prototyping and design. It offers its customers annual maintenance contracts providing for unspecified upgrades. It offers online support systems for its MSPs and end users.

IT professional services

The Company's IT services offerings consist of a range of professional services that can be grouped into integration and other IT services. The Company's integration services include infrastructure analysis, design and delivery; technology consulting and implementation services, and application development. The infrastructure analysis, design and delivery services include management of a range of projects and telecom infrastructure projects in wireless and wire-line, as well as IT consulting services, mainly for the defense and public sectors. The technology consulting and implementation services include planning and execution of a range of solutions in networking, cyber security, command and control, and high performance transaction systems. The Company's development services include development of on premise, mobile and cloud applications, as well as embedded and real time software development. Its IT services' customers include global telecoms, original equipment manufacturers (OEMs) and engineering, furnish and installation service companies.

The Company provides a range of IT consulting services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, as well as supplemental outsourcing services. The Company's subsidiaries, Coretech Consulting Group LLC, Fusion Solutions LLC, Xsell Resources Inc., Allstates Consulting Services LLC, the Comm-IT Group, Infinigy Solutions LLC. and Comblack Ltd., provide IT consulting and outsourcing services to a range of companies.

The Company competes with Kony, IBM, Microsoft, Adobe, Oracle, SAP Sybase, Outsystems, Pegasystems, Informatica, TIBCO, MuleSoft, Jitterbit, Talend, Software AG, CA, Amdocs, Ericsson, Comverse, NetCracker Technology, CSG Systems, Redknee Solutions, Comarch, Mind CTI, Tecnotree, Cerillion, Openet and Elitcore.

Company Address

Magic Software Enterprises Ltd

5 Haplada Street,
PO Box 5011
OR YEHUDA     6021805
P: +9723.5389389
F: +9723.5389333

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