Magic Software’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Magic Software Enterprises is a provider of software platforms for enterprise mobility, cloud applications and business integration. Read more

Guy Bernstein's photo - CEO of Magic Software

CEO

Guy Bernstein

CEO Approval Rating

79/100

Founded:

1983

Status:

PublicSubsidiary of Formula Systems Ltd.NASDAQMGIC

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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MuleSoft is Magic Software's #1 competitor. MuleSoft was founded in San Francisco, California} in 2006. Like Magic Software, MuleSoft also competes in the Cloud Computing industry. Compared to Magic Software, MuleSoft generates $1.5M more revenue.

OutSystems is one of Magic Software's top competitors. OutSystems was founded in 2001 in Boston, Massachusetts. OutSystems operates in the Application Software industry. OutSystems generates $139M less revenue than Magic Software.

Verivo is a top competitor of Magic Software. Verivo was founded in 1998, and is headquartered in Waltham, Massachusetts. Verivo operates in the Systems Software industry. Verivo generates $319M less revenue vs. Magic Software.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$339M

Magic Software's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 237.3M. Over the last three quarters, Magic Software's revenue has grown by 18.2%. Specifically, in Q1 2020's revenue was $85.2M; in Q4 2019, it was $104.6M; in Q3 2019, it was $72.1M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Infinigy Engineering, Inc.

Feb 2020

Source »
$14.6M
Infinigy is a provider of site development, engineering, surveying, and environmental services for the telecommunication sector.
PowWow Mobile, Inc.

May 2019

Source »
undisclosed
PowWow Mobile develops an online platform that converts enterprise applications into mobile applications.
Roshtov Software Ind.

Jun 2016

Source »
$21M
Roshtov specializes in Electronic Medical Records solutions for managed care and healthcare providers in different work environments.
Modsys International Ltd

Dec 2011

Source »
$13.5M
BluePhoenix Solutions, develops and markets enterprise legacy lifecycle information technology (IT) modernization solutions.

These are all the companies that Magic Software has acquired. Magic Software has acquired 4 companies and its latest acquisition was Infinigy Engineering, Inc. in Feb 2020. Infinigy is a provider of site development, engineering, surveying, and environmental services for the telecommunication sector.

Magic Software Funding History

$63M$94.5M

Since Magic Software was founded in 1983, it has participated in 2 rounds of funding. In total Magic Software has raised $94.5M. Magic Software's last funding round was on Nov 2016 for a total of $31.5M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Nov 2016
$31.5M
-
Secondary Offering
Mar 2014
$63M
-

Total Funding: $94.5M

Since Magic Software was founded in 1983, it has participated in 2 rounds of funding. In total Magic Software has raised $94.5M. Magic Software's last funding round was on Nov 2016 for a total of $31.5M

Investments

No recent investments found related to Magic Software

Magic Software News

March 13, 2020themarketsdaily

Analysts Set Expectations for Magic Software Enterprises Ltd's Q1 2021 Earnings (NASDAQ:MGIC)

Magic Software Enterprises Ltd (NASDAQ:MGIC) – Equities researchers at William Blair issued their Q1 ... See more »
February 7, 2020The Business Journals: Albany Business Review

Colonie engineering firm founder sells company for $14.6 million

One of the region's largest engineering firms has been sold to a public company in a deal that was al... See more »
November 14, 2019Benzinga

Magic Reports Third Quarter 2019 Financial Results with Record-Breaking Revenues of $85.8 million - a 19% Year Over Year Growth

OR YEHUDA, Israel, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE... See more »
May 21, 20194-traders

announces the Launch of 'FactoryEye', a New Product Enabling Manufacturers' Transition to Industry 4.0

(marketscreener.com) Magic continues to expand its software and technology offering. FactorEye's rele... See more »
May 13, 2019Globes

Magic Software buys US co PowWow

The purchase price for the San Francisco-based low-code platform company is estimated at $15-20 milli... See more »
May 13, 2019CTech

Software Company Magic Acquires Low Code Development Startup PowPow

Magic stated it expects the acquisition to "be accretive to earnings" within 18 to 24 months... See more »

Magic Software Blogs

May 24, 2020Magic Software Blog

Coronavirus and Supply Chains: How Manufacturers Can Overcome Challenges Posed by the Coronavirus Pandemic

The post Coronavirus and Supply Chains: How Manufacturers Can Overcome Challenges Posed by the Corona... See more »
April 1, 2020Magic Software Blog

We Asked 100 Manufacturers Their Thoughts on Industry 4.0. Here’s What We Learned.

The post We Asked 100 Manufacturers Their Thoughts on Industry 4.0. Here’s What We Learned. app... See more »
March 23, 2020Magic Software Blog

Why manufacturers implementing Industry 4.0 are ahead of COVID-19 effects on their supply chains

The post Why manufacturers implementing Industry 4.0 are ahead of COVID-19 effects on their supply ch... See more »
January 6, 2020Magic Software Enterprises Blog

The Truth about Industry 4.0 from Manufacturing Insiders - Episode 1

The post The Truth about Industry 4.0 from Manufacturing Insiders - Episode 1 appeared first on Magic... See more »
December 9, 2019Magic Software Enterprises Blog

The Secret Killer of Manufacturing Efficiency

The post The Secret Killer of Manufacturing Efficiency appeared first on Magic Software.... See more »
November 21, 2019Magic Software Blog

IT/OT Convergence - How to Connect IT/OT Teams to Power Data Driven Decision Making

The post IT/OT Convergence - How to Connect IT/OT Teams to Power Data Driven Decision Making appeared... See more »
November 21, 2019Magic Software Enterprises Blog

How OT Teams are Leading the Industry 4.0 Revolution

The post How OT Teams are Leading the Industry 4.0 Revolution appeared first on Magic Software.... See more »

Magic Software Press Releases

July 18, 2019GlobeNewswire

Axesor Powers Its Credit Risk Solution by Embedding Magic Software's Integration Platform

Or Yehuda, Israel, July 18, 2019 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE... See more »
May 16, 2019GlobeNewswire

Magic Reports First Quarter 2019 Financial Results

Magic acquires PowWow SmartUX to empower its End-to-End Offering of Digital Transformation for Enterp... See more »
April 29, 2019GlobalNewswire

Magic to Announce First Quarter 2019 Financial Results on May 16, 2019

Or Yehuda, Israel, April 29, 2019 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TAS... See more »
March 6, 2019GlobeNewswire

Magic Software Results of Annual General Meeting Held on March 1, 2019

Or Yehuda, Israel, March 06, 2019 (GLOBE NEWSWIRE) -- On March 1, 2019, Magic Software Enterprises Lt... See more »
February 11, 2019Business Wire

Magic BlockchainQA Partners with Securitize to Provide DS Protocol Integration Services

NEW YORK--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/MagicBlockchainQA?src=hash" target=... See more »
December 12, 2018centralcharts

Magic Software Earns Microsoft Gold Certified Partner Status

Magic Software Enterprises Ltd. (NASDAQ: MGIC) (TASE: MGIC), a global provider of end-to-end integrat... See more »
November 13, 2018GlobeNewswire

Magic Delivers Record-Breaking Revenues of $72 Million for the Third Quarter of 2018 with 10% Year over Year Growth

Operating income increased 9% year over year to $7.7 million; Non-GAAP operating income increased 10%... See more »

Magic Software Videos

May 21, 2018Magic Software Enterprises Youtube Channel

"Cleveland Golf - Customer Integration with Magic" on YOUTUBE

February 20, 2017Magic Software Enterprises Youtube Channel

"Digital Transformation and Business Integration at Sennheiser" on YOUTUBE

September 8, 2016Magic Software Enterprises Youtube Channel

"Configuring the Google OAuth 2 0 Authorization Flow" on YOUTUBE

August 29, 2016Magic Software Enterprises Youtube Channel

"Integrate Your Salesforce to Dynamics ERP" on YOUTUBE

July 11, 2016Magic Software Enterprises Youtube Channel

"Magic xpi 4 5 Overview" on YOUTUBE

July 11, 2016Magic Software Enterprises Youtube Channel

"Developing a mobile app" on YOUTUBE

Social Statistics

Headquarters

5 HaPlada Street

Or Yehuda, Tel Aviv DistrictL3 60218

9723-5389-322

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Summary

ABOUT

Overview

Magic Software Enterprises is a provider of software platforms for enterprise mobility, cloud applications and business integration. Magic Software was founded in 1983. Magic Software's headquarters is located in Or Yehuda, Tel Aviv District, IL L3 60...

CEO

Magic Software's CEO, Guy Bernstein, currently has an approval rating of 79%. Magic Software's primary competitors are MuleSoft, OutSystems & Verivo.

Website

magicsoftware.com

Frequently Asked Questions about Magic Software

  1. When was Magic Software founded?

    Magic Software was founded in 1983
  2. Who is Magic Software's CEO?

    Magic Software's CEO is Guy Bernstein
  3. How much revenue does Magic Software generate?

    Magic Software generates $339M in revenue
  4. How much funding does Magic Software have?

    Magic Software has historically raised $94.5M in funding
  1. Where is Magic Software's headquarters?

    Magic Software's headquarters is in Or Yehuda Tel Aviv District, IL
  2. How many employees does Magic Software have?

    Magic Software has 1,203 employees
  3. What sector does Magic Software operate in?

    Magic Software is in IT Services, Enterprise Software, Cloud Computing
  4. Who are Magic Software's competitors?

    Magic Software's top competitors are MuleSoft, OutSystems, Verivo