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Last 2,560
Change Today +46.00 / 1.83%
Volume 6.1K
MGIC On Other Exchanges
Tel Aviv
As of 10:24 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

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Day High
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52 Week High
05/7/14 - $2,900
52 Week Low
02/1/15 - $2,130
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magic software enterprises (MGIC) Details

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, and vertical software solutions and related professional services. The company’s software solutions are used by customers to develop, deploy, and integrate on-premise, mobile, and cloud-based business applications. It operates in two segments, Software Solutions and IT Professional Services. The company offers Magic xpa application platform, a proprietary application platform for developing and deploying business applications; AppBuilder application platform for building, deploying, and maintaining mainframe-grade business applications; and Magic xpi integration platform, a graphical wizard-based code-free solution. It also provides vertical software solutions comprising Leap, a software solution for business support systems; Hermes Solution for both hubs and traditional air cargo ground handling operations; HR Pulse, a customized software as a service and on premise solution for human capital management; and MBS Solution, a system for managing TV broadcast channels. In addition, the company offers IT services, including professional services in the areas of infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and supplemental staffing services. Further, it provides software maintenance, support, training, and consulting services. The company markets and sells its products through its direct sales representatives and offices, independent country distributors, magic software providers, system integrators, distributors, resellers, and consulting and OEM partners. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.

Founded in 1983

magic software enterprises (MGIC) Top Compensated Officers

Chief Executive Officer of Complete Business ...
Total Annual Compensation: $253.9K
President of AppBuilder Solutions Division
Total Annual Compensation: $927.7K
President of Software Solutions Division
Total Annual Compensation: $283.4K
Compensation as of Fiscal Year 2013.

magic software enterprises (MGIC) Key Developments

Magic Software Enterprises Ltd.'s AppBuilder Launches Next-Generation HTML5 Development Tool

Magic Software Enterprises Ltd. announced the launch of Magic AppBuilder's next-generation HTML5 development tool. AppBuilderHTML5 enables AppBuilder's enterprise customers to easily turn their large-scale client/server business applications into fully functional browser-based apps. AppBuilderHTML5 lets AppBuilder customers utilize industry-standard technologies, including HTML5, CSS, and JavaScript, to bring existing client/server applications and core business applications to new browser-based channels. A turn-key solution, AppBuilderHTML5 is easy and productive, following AppBuilder's traditional business-centric and repository-based development model, and write-once-run-everywhere paradigm.

Magic Software Enterprises to Unveil Latest Version of its Magic xpi Integration Platform

Magic Software Enterprises announced that they will present and exhibit at COLLABORATE 15 takes place April 12 to 16, 2015 at the Mandalay Bay Resort & Casino in Las Vegas, Nevada. At the conference, Magic Software will unveil the latest version of its Magic xpi Integration Platform. Magic xpi for Oracle's JD Edwards EnterpriseOne has met Oracle's rigorous technical review and test process to achieve Oracle Validated Integration status, assuring that the products work together as designed. This can reduce risk and improve the implementation cycles for customers. Numerous customers, including Christie Digital, Roka BioScience and Morgan Advanced Materials are already leveraging Magic xpi Integration Platform for JD Edwards EnterpriseOne.

Morgan Advanced Materials Migrates from Oracle JD Edwards World ERP to Oracle JD Edwards EnterpriseOne ERP through Magic Software's Integration Platform

Magic Software Enterprises Ltd. announced that Morgan Advanced Materials has utilized the Magic xpi Integration Platform to migrate Oracle JD Edwards World ERP used in a part of its business, to Oracle JD Edwards EnterpriseOne ERP. The Magic xpi Integration Platform is being used to implement the phased migration of nine sites across five countries.


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