Formula Systems is a IT global solutions provider with over 6000 software professionals and aggregate sales of approximately $493M for 2006. Formula Systems offers a wide range of IT solutions and services in over fifty countries.

Formula Systems' companies provide quality IT solutions worldwide, developing and implementing innovative, proprietary software, services and solutions, turnkey projects and outsourcing services as well as software distribution and support. Formula Systems companies are traded on Nasdaq: Formula Systems (FORTY), Magic (MGIC), Sapiens (SPNS) and on the Tel Aviv Stock Exchange (TASE): Formula Systems, Magic, Sapiens and Matrix.

Formula Systems was aquired  by Asseco Poland S.A ("Asseco") on November 25th, 2010. Asseco is the largest Polish IT company and one of the ten largest listed IT companies in Europe.

The Asseco Group companies offer comprehensive innovative IT solutions for all sectors of the economy. Its customer portfolio includes leading global banks and financial institutions, public institutions, healthcare sector, agriculture institutions, international organizations, as well as small and medium-sized enterprises and utility.

Guy Bernstein is the CEO of Formula Systems.

Formula companies, affiliates and business partners, have developed proprietary solutions that are installed and used by prominent clients around the world.

Formula companies provide their proprietary cross industry solutions for e-business development, data center management, software development, software conversion & porting and other advanced solutions. When providing a turnkey solution to a client, Formula Group companies can act as system integrators, integrating their proprietary products as well as third party products into the complete solution provided to the client's satisfaction.