Formula Systems (1985) Ltd.

Formula Systems (1985) Ltd., through its subsidiaries, is an information technology company operating in Israel and globally. The company offers a wide range of IT services and solutions, including software consulting, IT solutions and software systems, proprietary software, and IT professional services such as implementation and integration projects, outsourcing, software project management and development, IT managed services, and cloud computing infrastructure. It also provides packaged software solutions like Clicks for medical record management, Hermes Cargo for air cargo ground handling, HR Pulse for HCM solutions, MBS for TV broadcast management, Nativ for rehabilitation centers, and Mobisale for consumer goods distribution. Additionally, Formula Systems offers services for payroll processing, pension administration, workforce management, human resources, financial processes, accounting workflows, and business operations, as well as digital advertising and e-commerce platforms.

Formula Systems (1985) Ltd. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol FORTY. The company's stock is traded in US Dollars (USD). As a foreign private issuer listed on a US exchange, its financial reporting is typically in US dollars, making it accessible to international investors. The listing on NasdaqGS provides liquidity and visibility in the US capital markets.

Formula Systems (1985) Ltd. operates in the Technology sector, specifically within the Information Technology Services industry. This industry encompasses companies that provide IT consulting, systems integration, software development, outsourcing, and other technology-related services. As an IT services firm, Formula Systems helps businesses leverage technology to improve operations, manage data, and implement software solutions. Its broad portfolio of proprietary and packaged software, along with professional services, positions it as a comprehensive IT partner for clients in various sectors.

Formula Systems (1985) Ltd. is headquartered in Israel and serves both the Israeli market and global clients. The company's description indicates it operates 'in Israel and globally,' suggesting an international presence. Through its subsidiaries, it delivers IT solutions and services to customers worldwide. While specific geographic breakdowns are not provided, the company's offerings in areas like air cargo management (Hermes Cargo), medical records (Clicks), and TV broadcast (MBS) imply a reach beyond Israel, likely including Europe, North America, and other regions.

Formula Systems (1985) Ltd. generates revenue through multiple streams within the IT services and solutions space. The company earns from software consulting, implementation and integration projects, outsourcing, software project management, IT managed services, and cloud infrastructure services. It also sells proprietary software solutions such as Clicks, Hermes Cargo, HR Pulse, MBS, Nativ, and Mobisale, along with related maintenance, customer support, and training. Additionally, it provides services for payroll processing, pension administration, workforce management, HR, financial processes, and accounting workflows. Digital services like search engine marketing, website design, social media management, and e-commerce platforms also contribute to revenue. This diversified portfolio allows the company to serve various client needs across industries.