Formula Systems (1985) (NASDAQ:FORTY) Ltd is an Israeli publicly traded holding company specializing in the software and information technology sectors. Founded in 1985 and listed on NASDAQ under the ticker FORTY, the company focuses on acquiring, investing in and developing independent software firms. Its core mission is to foster innovation in enterprise software, cybersecurity and digital transformation solutions.
The company’s principal activities center on holding controlling and significant equity stakes in several market-leading software enterprises. Among its notable subsidiaries and investees are Sapiens International, a provider of software solutions for the insurance and financial services industries; Magic Software Enterprises, which offers integration platforms and application development tools; and Covrware, a specialist in data protection and ransomware defense. These companies deliver a range of products including policy administration systems, low-code application platforms, cybersecurity appliances and cloud-native integration services.
Formula Systems serves a global customer base, with operations and sales offices in Israel, North America, Europe and the Asia-Pacific region. By leveraging shared R&D resources, best practices in corporate governance and cross-company sales channels, the group seeks to drive revenue growth and operational efficiencies across its portfolio. The company’s partnerships with industry leaders and its focus on scalable, cloud-enabled solutions position it to address evolving enterprise IT demands.
Governed by an experienced board of directors and a seasoned executive management team, Formula Systems benefits from close ties to Israel’s high-tech ecosystem and the broader international software community. Through strategic investments and active oversight, the company aims to deliver long-term value by supporting innovation, expanding market reach and reinforcing the competitive profiles of its technology businesses.
