Top-Tier Thai Bank Selects Magic's AppBuilder as Part of Its Core Banking
OR YEHUDA, Israel, November 13, 2013
OR YEHUDA, Israel, November 13, 2013 /PRNewswire/ --
Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of software
platforms for enterprise mobility, cloud applications, and business
integration, announced today thata Top-Tier Thai bank has selected Magic's
AppBuilder as part of its core banking development platform. The selection
process was facililted by one of AppBuilder's key partners, a large European
financial software group specializing in banking software systems.
With more than $50 billion USD in assets, the Thai bank operates approximately
1,000 branches, 6,000 ATMs, 100 foreign exchange offices, 50 international
trade centers throughout Thailand, as well as many international branches.
"We welcome another major bank to our list of customers. AppBuilder's track
record of stability and robustness, with proven ability to support millions of
transactions per day, makes it an exceptional solution for banking and
financial organizations,"said Arik Killman, CEO of AppBuilder Solutions Ltd.
About AppBuilder Solutions
AppBuilder Solutions is a subsidiary ofMagic Software Enterprises Ltd.,a
global provider of mobile and cloud-enabled application and business
AppBuilder provides a comprehensive application development infrastructure for
large-scale and complex environments that is used across industry verticals
including banking, insurance, healthcare and government, and by many Fortune
1000 enterprises around the world. AppBuilder enables development teams to
quickly and easily build, deploy, and maintain large-scale, custom-built
business applications. Because AppBuilder uses a platform-independent model
and generates code for COBOL, Java/J2EE, and C#, enterprises get the benefit
of easy-to-maintain applications, without being dependent on any particular
For more information, visit http://www.appbuilder.com.
Except for any historical information contained herein, matters discussed in
this press release might include forward-looking statements that involve a
number of risks and uncertainties. Regarding any financial statements, actual
results might vary significantly based upon a number of factors including, but
not limited to, risks in product and technology development, market acceptance
of new products and continuing product conditions, both locally and abroad,
release and sales of new products by strategic resellers and customers, and
other risk factors detailed in Magic's most recent annual report and other
filings with the Securities and Exchange Commission.
Magic has made every effort to ensure that the information contained in this
press release is accurate; however, there are no representations or warranties
regarding this information, including warranties of merchantability or fitness
for a particular purpose. Magic assumes no responsibility for errors or
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product and company names mentioned herein are for identification purposes
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Tania Amar | VP Global Marketing
Magic Software Enterprises
SOURCE Magic Software Enterprises Ltd
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