Nasdaq

Magic Software and Matrix I.T sign MOU to Consider Merger

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. The combined entity is expected to operate in ...
Nasdaq

Magic Software Enterprises Ltd. Signs Memorandum of Understanding for Proposed Merger with Matrix I.T Ltd.

Magic Software Enterprises signed an MOU for a merger with Matrix I.T. Ltd., aiming to enhance market position and capabilities. Magic Software Enterprises Ltd. has announced a Memorandum of ...
Hosted on MSN

Israel’s Matrix to snap up Magic Software in $2.1 billion IT services merger deal

Israeli information technology provider Matrix IT Ltd. has inked an initial agreement to buy rival Magic Software Enterprises Ltd. in a mega merger deal worth NIS 7.7 billion ($2.1 billion). The ...
Seeking Alpha

Magic Software outlines 2025 revenue growth target of $593M-$603M amid Matrix merger transition

CEO Guy Bernstein highlighted the transformative impact of the announced merger with Matrix I.T., noting that this strategic move positions the combined entity as a global IT powerhouse. The merger is ...

Magic Software outlines 2025 revenue growth target of $593M-$603M amid Matrix merger transition

Earnings Call Insights: Magic Software Enterprises Ltd. (MGIC) Q4 2024 CEO Guy Bernstein highlighted the transformative ...