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Magic Software Enterprises Ltd. (MGIC)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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10.81-0.21 (-1.91%)
At close: 04:00PM EDT
10.84 +0.03 (+0.28%)
After hours: 06:08PM EDT

Magic Software Enterprises Ltd.

Terminal Center
Yahadut Canada 1 Street
Or Yehuda 6037501
Israel
972 3 538 9292
https://www.magicsoftware.com

Sector(s)Technology
IndustryInformation Technology Services
Full-time employees3,628

Key executives

NameTitlePayExercisedYear born
Mr. Arik KilmanChairman of Software Solutions Division611kN/A1953
Mr. Arik FaingoldPresident of Integration Solutions Division556kN/A1977
Mr. Yakov TsaroyaChief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.1.55MN/A1970
Mr. Eli SchwartzChief Executive Officer of Comblack I.T. Ltd.656kN/A1983
Mr. Idan FaingoldChief Executive Officer of CommIT Technology Solutions Ltd524kN/A1978
Mr. Guy BernsteinCEO & DirectorN/AN/A1968
Mr. Asaf BerenstinChief Financial Officer548kN/A1978
Mr. Yuval LaviVice President Technology & InnovationN/AN/A1969
Ms. Karin NetzerChief Marketing OfficerN/AN/AN/A
Yael IlanChief Executive Officer of Complete Business SolutionsN/AN/A1969
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company's 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. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. The company 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, It 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. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Corporate governance

Magic Software Enterprises Ltd.’s ISS governance QualityScore as of 1 July 2024 is 10. The pillar scores are Audit: 4; Board: 3; Shareholder rights: 7; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.