Magic Software Enterprises (MSE) is a globally recognized provider of business-driven tools for rapid, simplified Application Development and Deployment and Enterprise Application Integration - used with complete confidence by mid-size and large corporations, software developers, and system integrators around the world. As a global player in the software industry, Magic Software has representation in more than 40 countries. Among the company's 600 employees around the world are over 170 skilled experts involved in the ongoing research and development of current and future technologies. Customers and partners include thousands of ISVs, System Integrators, and Corporations worldwide, who are supported by Magic's extensive - and uniquely responsive - global service organization. Magic Software is a subsidiary of Formula Systems Ltd. (NASDAQ: FORTY), a global information technology company primarily engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and supplying computer-based business solutions.