Formula Systems (1985) Ltd. is an Israel-based IT solutions and services holding company. The Company, through its directly held subsidiaries and affiliates, is engaged in providing proprietary and non-proprietary software solutions and services, software product marketing and support, computer infrastructure and integration solutions and learning and integration. It operates through its subsidiary: Matrix and through its affiliated companies Magic Software and Sapiens. The areas of the Company’s business activity includes: IT Services, the Company designs and implements IT solutions which improve the productivity of its customers’ existing IT assets. Through Software Solutions, the Company designs, develops and markets software solutions for sale in the selected markets across the world. It seeks opportunities to invest in or acquire companies with attractive software solutions under development which it believes to have market potential.