Magic Software Enterprises Ltd. (MGIC)

13.27 -0.36 (-2.64%) As of 02:27PM EDT. Market open.

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
Industry: Information Technology Services
Full-time employees: 3,677

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Arik Kilman	Chairman of Software Solutions Division	695.34k	N/A	1953
Mr. Arik Faingold	Pres of Integration Solutions Division	865.82k	N/A	1977
Mr. Yuval Baruch	Chief Exec. Officer of Hermes Logistics Technologies	451.82k	N/A	1967
Mr. Yakov Tsaroya	Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.	1.64M	N/A	1970
Mr. Hanan Shahaf MBA	Chief Exec. Officer of Roshtov Software Industries Ltd	325.62k	N/A	1952
Mr. Guy Bernstein	CEO & Director	N/A	N/A	1968
Mr. Asaf Berenstin	Chief Financial Officer	N/A	N/A	1978
Mr. Yuval Lavi	Chief Technology Officer	N/A	N/A	1969
Mr. Amit Birk	VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec.	N/A	N/A	1971
Ms. Karin Netzer	Chief Marketing Officer	N/A	N/A	N/A

Amounts are as of 31 December 2021, 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, 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.

Corporate governance

Magic Software Enterprises Ltd.’s ISS governance QualityScore as of 1 February 2023 is 10. The pillar scores are Audit: 2; Board: 4; Shareholder rights: 9; 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.