Formula Systems
Introduction:
On our website, we intend to introduce companies and corporations that cooperate with, support, or have business relationships with Israelis who have committed war crimes, genocide, and crimes against humanity in Gaza.We have found it necessary to share with you detailed information about Israeli Genocide in Gaza.
A global holding company operating in the field of Information Technology (IT) and software development. The company is particularly recognized for providing software and consulting solutions for businesses. Through its portfolio of subsidiaries across various IT and software sectors, it delivers services to organizations worldwide.
Formula Systems owns several subsidiary companies, each operating in different technology sectors:
Matrix IT Ltd
Stock Ticker: MTRX.TA (on the Israeli stock exchange)
The largest IT company in Israel.
Active in executing mega IT projects, consulting, software development, and training.
Leads the rankings of Israeli IT companies by IDC and STKI.
Operates in the medical, military, banking, education, and government sectors.
Sapiens International Corporation โ A global provider of software solutions for the insurance industry.
Magic Software Enterprises โ A global software company specializing in application development, system integration, and automation solutions.
TSG IT Advanced Systems โ A provider of defense, cybersecurity, intelligence, and mission-critical solutions for government and military organizations.
Ofek Aerial Photography โ A leading company in aerial photography, satellite mapping, and geographic data collection and processing, with more than 30 years of industry experience.
Other subsidiaries of Formula Systems include Michpal Micro Computers Ltd., Shamrad, inSync Staffing Solutions, Inc., and Zap Group, operating in areas such as software, workforce management, technology services, and digital media.
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Formula Systems
Company type: Public
Founded: 1985
Key people:
Guy Bernstein (CEO)
Total equity: Approximately $1.74 billion
1 – Guy Bernstein
Position: Chief Executive Officer (CEO) of Formula Systems
Background:
CEO of Formula Systems since January 2008.
Chairman of the Board of Directors for subsidiaries Matrix and Sapiens.
CEO and Board Member of Magic Software.
Previously served as CEO and prior to that as CFO of Emblaze Ltd.
Former Senior Manager at Ernst & Young Israel.
Holds a Bachelor’s degree in Accounting and Economics from the College of Management Academic Studies.
Certified Public Accountant (CPA) in Israel.
2 – Asaf Berenstin
Position: Chief Financial Officer (CFO) of Formula Systems
Background:
CFO of Formula Systems since November 2011.
Concurrently serves as CFO of Magic Software since April 2010.
Board Member for subsidiaries Michpal, TSG IT, and InSync.
Former experience at Gilat Satellite Networks and PricewaterhouseCoopers (PwC).
Holds a B.A. and an MBA from Tel Aviv University.
Certified Public Accountant (CPA) in Israel.
3 – Maya Solomon-Ella (Chief Operating Officer / COO)
4 – Marek Panek (Chairman of the Board)
5 – Rafal Kozlowski (Director)
6 – Karolina Rzonca-Bajorek (Director)
7 – Gabriela ลปukowicz (Director)
8 – Relly Danon
9 – Tomer Jacob
| Title | Information |
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| Yahadut Canada 1st, Or Yehuda, Israel 6037501 – israel | |
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| info@formula.co.il | |
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| https://www.formulasystems.com/en/group-structure |
