Formula Systems (1985) Ltd. American Depositary Shares (FORTY)

Profile

https://www.formulasystems.com

Formula Systems (1985) Ltd. American Depositary Shares is an information technology company that provides software solutions and IT professional services through a portfolio of operating subsidiaries. Its businesses span software consulting, enterprise systems, application development, implementation and integration projects, outsourced technology support, software testing, and managed services. The company also participates in proprietary software development and serves customers across multiple sectors that rely on business software, data processing, and digital operations. Through segments such as Matrix, Sapiens, and Magic Software, Formula Systems supports organizations with tools and services designed to improve operational efficiency, manage core business functions, and modernize technology infrastructure. The company is headquartered in Or Yehuda, Israel, and its ADR structure gives market participants exposure to its international technology operations through U.S.-traded depositary shares.