Formula Systems (1985) Ltd. (FORTY.TA)
Formula Systems (1985) Ltd. operates in the Information Technology Services industry of the Technology sector, headquartered in Or Yehuda, HM, IL. The stock last traded at $33880.00, down 2.00% on the session, giving a market capitalisation of $5.20B. Its beta of 0.15 implies it has historically moved less than the broad market.
Formula Systems (1985) Ltd. is a global technology enterprise delivering a broad spectrum of IT services and products. The company specializes in developing and distributing both proprietary and third-party software solutions, offering extensive professional IT services, handling software product promotion and support, and implementing comprehensive computer infrastructure and integration solutions. Its diverse portfolio includes crucial offerings such as cloud computing, database management, and big data services, along with a suite of software tools for customer relationship management, web content administration, and data analytics. A significant part of its business focuses on the insurance sector, where it provides an extensive range of Sapiens platforms covering property and casualty, life, pension, annuities, reinsurance, and workers' compensation. Furthermore, Formula Systems supplies financial and compliance software, a dedicated decision management platform (Sapiens DECISION), and various other technology-based solutions, including platforms for application development and business process integration. The company also offers strategic consulting, outsourcing services, and markets computer hardware and peripherals to commercial clients, in addition to developing on-premise payroll software. Established in 1985, Formula Systems (1985) Ltd. is headquartered in Or Yehuda, Israel.
Formula Systems (1985) Ltd. is most often compared with the following Technology names: