About Magic Software Enterprises
Magic Software Enterprises is a company based in Or Yehuda (Israel) founded in 1983.. The company has 3,790 employees as of December 31, 2024. Magic Software Enterprises has completed 5 acquisitions, including Appush, Insync Staffing and Magix. Magic Software Enterprises operates in a competitive market with competitors including Odoo, Appian, Bubble, OutSystems and DigitalOcean, among others.
- Headquarter Or Yehuda, Israel
- Employees 3790 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Magic Software Enterprises Ltd.
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Annual Revenue
$551.2 M (USD)3.63as on Dec 31, 2024
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Net Profit
$36.85 M (USD)-0.05as on Dec 31, 2024
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EBITDA
$81.11 M (USD)4.56as on Dec 31, 2024
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Latest Funding Round
$31.5 M (USD), Debt – Conventional
Nov 09, 2016
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Investors
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Employee Count
3790
as on Dec 31, 2024
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Investments & Acquisitions
Appush
& 4 more
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IPO & Listings of Magic Software Enterprises
Magic Software Enterprises is a publicly listed company on the TASE with ticker symbol MGIC in Israel, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Magic Software Enterprises
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $31.5M
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First Round
First Round
(20 Dec 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Debt – Conventional - Magic Software Enterprises | Valuation |
investors |
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| Jan, 2011 | Amount | Post-IPO - Magic Software Enterprises | Valuation |
investors |
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| Dec, 2010 | Amount | Post-IPO - Magic Software Enterprises | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Magic Software Enterprises
Magic Software Enterprises has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Appush, Insync Staffing and Magix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of games advertisement services
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2016 | ||||
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Low-code platform is used to build enterprise mobile apps.
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2012 | ||||
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Recruitment services are provided to connect employers with candidates.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magic Software Enterprises
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magic Software Enterprises Comparisons
Competitors of Magic Software Enterprises
Magic Software Enterprises operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Odoo, Appian, Bubble, OutSystems and DigitalOcean, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based no-code platform for web application development is utilized.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Cloud based integrated application development platform
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| domain | founded_year | HQ Location |
Saas based provider of integrated platform as a service solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magic Software Enterprises
Frequently Asked Questions about Magic Software Enterprises
When was Magic Software Enterprises founded?
Magic Software Enterprises was founded in 1983 and raised its 1st funding round 27 years after it was founded.
Where is Magic Software Enterprises located?
Magic Software Enterprises is headquartered in Or Yehuda, Israel.
How many employees does Magic Software Enterprises have?
As of Dec 31, 2024, the latest employee count at Magic Software Enterprises is 3,790.
What is the annual revenue of Magic Software Enterprises?
Annual revenue of Magic Software Enterprises is $551.2M as on Dec 31, 2024.
What does Magic Software Enterprises do?
Magic Software Enterprises provides mobile and cloud-enabled application and business integration platforms. Product Magic MDM provides enterprise mobility solution which includes Magic xpa Application Platform, acode-free metadata platform for developing and deploying mobile, Web, SOA and desktop applications; Magic xpi Integration Platform, a code-free SOA-based business and process integration suite for integration of applications; and Magic Mobility Professional Services, service for implementation, maintenance and training. MDM solution manages, support, secures and monitors corporate and BYOD devices via a web-based multi-management console for iOS, Android and Windows platforms. First Israeli software company to be listed on NASDAQ.
Who are the top competitors of Magic Software Enterprises?
Magic Software Enterprises's top competitors include DigitalOcean, Appian and Heroku.
Is Magic Software Enterprises publicly traded?
Yes, Magic Software Enterprises is publicly traded on TASE under the ticker symbol MGIC.
How many acquisitions has Magic Software Enterprises made?
Magic Software Enterprises has made 5 acquisitions, including Appush, Insync Staffing, and Magix.
What is Magic Software Enterprises's ticker symbol?
The ticker symbol of Magic Software Enterprises is MGIC on TASE.
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