Formula Systems (1985) Ltd. (FORTY) is a global information technology (IT) solutions and services company with over 35 years of experience in the industry. Established in 1985 and headquartered in Israel, the company provides a wide array of IT services such as software development, system infrastructure consultancy, software solutions, cybersecurity, data analytics, and more to clients from various industries all around the globe.
At its inception, Formula Systems positioned itself as an industry pioneer, setting a high standard in offering innovative software solutions. Over the years, the company has grown to become one of the leading IT companies, not only in Israel but globally. It excels in staying ahead of the curve by continuously evolving and adapting to technological advancements, thereby providing top-notch solutions to meet the growing and changing needs of its clients.
FORTY's primary business strategy is centered on leveraging synergies and maximizing operational efficiencies within its diverse portfolio of companies. Part of its success can be attributed to the strategic acquisitions and partnerships it undertakes. Over time, FORTY has developed a substantial network of subsidiaries located in more than 50 countries.
As a public company, FORTY is listed on NASDAQ and the Tel Aviv Stock Exchange. It has consistently exhibited strong financial performance with sustained revenue growth. The company attributes this growth to the quality of its IT services, its dedicated team of professionals, and its commitment to customer satisfaction.
FORTY has made significant strides in making key strategic investments in high tech companies within its sphere of engaged services. This includes but is not limited to Matrix IT Ltd., a leading IT services company in Israel, and other software service companies around the globe.
Given its substantial portfolio of IT solutions and services, FORTY has the capability to meet the diverse IT needs of businesses of all sizes. Above all, it is committed to delivering value to its customers by leveraging its expertise in the latest technologies and its commitment to service excellence.
In conclusion, Formula Systems (1985) LTD. (FORTY) is a global leader with a proven track record in providing cutting-edge IT solutions and services. As FORTY keeps pace with the constant evolution of the technology industry, it remains a frontrunner, proving its resilience and adaptability through continuous growth and successful delivery of various IT projects worldwide.