Formula Systems (1985) Ltd. FORTY

What this company does

It is a global information technology company principally engaged, through its directly and indirectly held investees, in providing software consulting services, and in selling and marketing computer-based business solutions and hardware products from a wide range of domestic and international manufacturers. It delivers its solutions in Israel and in numerous countries worldwide to customers with complex IT services needs, including a number of "Fortune 1000" companies. Its consolidated revenues, in thousands of U.S. dollars, totaled $2,627,124 for 2025, geographically distributed as $2,092,849 from Israel, $435,800 from the United States, $83,866 from Europe, $11,920 from Japan, and $2,689 from other regions, mainly Asia Pacific. As of December 31, 2025, its equity interests included 90.1% of InSync, an 80% interest in Ofek Aerial Photography, a 51% interest in Hashahar Telecom, a 48.12% interest in Matrix, and a 46.7% interest in Magic Software. It designs and implements IT solutions and software systems that improve the productivity of customers' existing IT assets, help them manage their operations, and reduce their business risks amid changing business environments. It designs, develops and markets proprietary software solutions for sale in selected niche markets worldwide.

Written from the business description in FORMULA SYSTEMS (1985) LTD's annual report to the U.S. Securities and Exchange Commission, filed 13 May 2026. Every sentence was checked against that document before publication.