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FORTY - Formula Systems 1985 Ltd


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Formula Systems 1985 Ltd logo

Formula Systems (1985) Ltd., operating through its subsidiaries, delivers a wide array of proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions on a global scale. Its comprehensive offerings span computer and telecommunication infrastructure solutions, cloud computing solutions, and database and big data services. The company also provides a suite of customer relations management tools, web content management systems, and software development tools, alongside professional training courses and advanced professional studies to cater to diverse client needs.

Furthermore, Formula Systems markets and sells computers and peripheral equipment to business customers while also offering a range of insurance platforms, including property and casualty insurance platforms and life, pension, and annuities platforms under the Sapiens brand. These platforms encompass various solutions such as billing, claims processing, underwriting, reinsurance, and workers' compensation, addressing the specific requirements of insurance organizations. Additionally, the company delivers financial and compliance solutions, decision management platforms, and technology-based solutions, further bolstering its offerings in the IT sector.

In addition to its software solutions, Formula Systems provides aplication development and business proccess integration platforms, vertical software solutions, strategic consulting, outsourcing services, and professional services across multiple domains. These services include on-premise payroll software development and deployment. Established in 1985 and headquartered in Or Yehuda, Israel, Formula Systems (1985) Ltd. remains committed to innovation and excellence in providing cutting-edge IT solutions and services to its global clientele.

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Stock Sector: Computer Software: Business Software & Services

 

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