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 purchased by the Emblaze Group on November 20th, 2006. The Emblaze group offers a wide range of products and solutions for operators dealing with next generation services. www.emblaze.com  

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.