Headquartered in Terminal Center, Or Yehuda Fiscal year ends December NASDAQ: FORTY formulasystems.com
Formula Systems (1985) Ltd. is a global information technology holding company that operates through a portfolio of subsidiaries and affiliates providing software consulting services, computer-based business solutions, and proprietary software products. Its key subsidiaries include Matrix IT Ltd. (Israel's largest IT services company, offering cloud, cyber, digital, data, DevOps, and AI solutions), Michpal Technologies Ltd. (payroll, HR, and financial solutions), TSG IT Advanced Systems Ltd. (defense technology solutions including command and control systems and unmanned aerial vehicles), Insync Staffing Inc. (U.S. staffing operations), ZAP Group Ltd. (digital consumer platform), and others. The company's ordinary shares trade on the Tel-Aviv Stock Exchange and its ADSs trade on the Nasdaq Global Select Market. Formula sold its controlling interest in Sapiens International Corporation to Advent in December 2025, and the proceeds have been partially deployed to shareholder dividends and subsidiary investments. Updated
Logitech is handing shareholders about $241 million, roughly $1.68 a share, with the money landing tomorrow. Formula Systems, New York Mortgage Trust, Bentley Systems and Ferroglobe round out today's biggest cash payments.
Formula Systems (1985) Ltd. is a global information technology holding company that operates through a portfolio of subsidiaries and affiliates providing software consulting services, computer-based business solutions, and proprietary software products.