Major USA Superior Court Chooses Magic Software's iBOLT Integration Suite for Legacy Modernization Project

Latest Win Is Follow Up to Five-Year $1.5 Million eDeveloper Licensing, Maintenance and Support Agreement

Wednesday April 7, 6:00 am ET

IRVINE, Calif.--(BUSINESS WIRE)--April 7, 2004-- Magic Software Enterprises (Nasdaq: MGIC - News) a leading provider of state-of-the-art business integration and development technology, announced today that a major Superior Court in the U.S.A. has chosen the iBOLT Integration Suite (www.magicsoftware.com/ibolt) for a legacy modernization project. This project is a follow up to a recently signed five-year $1.5 million eDeveloper licensing, maintenance and support agreement (www.magicsoftware.com/edeveloper).

The Superior Court Information Systems Group handles all general civil claims, small claims, criminal trials, traffic violations, family law and juvenile courts. They are responsible for the case management system that provides information to judges, court personnel, attorneys, law enforcement officials, and the public.

The Court required a technology that could handle large transaction volumes such as the millions of traffic citations processed on an annual basis, while protecting the IT investments that were made in the past. The technology also had to be able to future proof and integrate applications and systems for new updates, changes and additions.

"iBOLT for integration together with eDeveloper for application development and deployment, is an ideal combination for the Court to develop, integrate and maintain records management systems, online filing systems, court transaction processing systems and juror notice systems," said Oren Inbar, CEO of Magic Software's North American subsidiary. "We are pleased to continue to expand upon our existing agreements, into new areas of technology and project development."

About Magic Software Enterprises
Magic Software Enterprises, a member of the Formula Group (Nasdaq:FORTY - News) develops, markets and supports software development, deployment and integration technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners in approximately 50 countries. The company's North American subsidiary is located at 17310 Redhill Avenue #270, Irvine, CA 92614-5637, telephone 800/345-6244, 949/250-1718, fax 949/250-7404, http://www.magicsoftware.com/.

Formula Systems is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and producing computer-based solutions.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Contact:
Magic Software Enterprises Ltd.
David Leichner, 949-250-1718 ext. 299
davidl@magicsoftware.com