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Formula Systems (1985) Ltd ADR FORTY

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Morningstar’s Analysis

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Company Profile

Business Description

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Insync segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. The majority of the company's revenue comes from Israel.

Contact
5 Haplada Street, Or Yehuda
Tel Aviv, 60218, Israel
T +972 35389487
Sector Technology
Industry Information Technology Services
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 17,378