Magic Software Enterprises Ltd. (MGIC)

11.11 +0.02 (+0.18%) As of 11:59AM EDT. Market open.

Magic Software Enterprises Ltd.

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: 4,161

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Asaf Berenstin	Chief Financial Officer	548k	N/A	1978
Mr. Arik Kilman	Chairman of Software Solutions Division	581k	N/A	1953
Mr. Arik Faingold	Pres of Integration Solutions Division	622k	N/A	1977
Mr. Yakov Tsaroya	Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.	1.82M	N/A	1970
Eli Schwartz	Chief Exec. Officer of Comblack I.T. Ltd.	646k	N/A	N/A
Mr. Guy Bernstein	CEO & Director	N/A	N/A	1968
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
Yael Ilan	Chief Exec. Officer of Complete Bus. Solutions	N/A	N/A	1969

Amounts are as of 31 December 2022, 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. 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. 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. 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. 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 September 2023 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.