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Magic Rises Most in 3 Weeks on Quistor Partnership

Jan. 6 (Bloomberg) -- Magic Software Enterprises Ltd. climbed the most in more than three weeks after Quistor, an Oracle JD Edwards system integrator, chose the software developer’s iBolt platform to extend its systems.

The shares rose 8.2 percent, the biggest gain since Dec. 14, to 26.12 shekels at the 4:30 p.m. close in Tel Aviv. The stock has almost tripled in the past year, giving the Or Yehuda, Israel-based company a market value of 776 million shekels ($218 million).

To contact the reporter on this story: Ronit Goodman in Tel Aviv at rgoodman9@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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