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Formula Systems (1985) Ltd. (FORTY)

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79.41 -0.57 (-0.71%)
At close: 1:07 PM EDT

Key Executives

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Mr. Guy Bernstein Chief Executive Officer 4.07M -- 1968
Mr. Asaf Berenstin Chief Financial Officer 50k -- 1978
Ms. Maya Solomon-Ella Chief Operational Officer 283k -- 1978
Ms. Tammy Ohana Koll Chief Technology Officer -- -- 1976

Formula Systems (1985) Ltd.

Terminal Center
Yahadut Canada 1 Street
Or Yehuda, 6037501
Israel
972 3 538 9389 https://www.formulasystems.com
Sector: 
Technology
Full Time Employees: 
21,900

Description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. It offers IT software solutions and services, and consulting and management services; computer and communication infrastructure solutions; software solutions, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and developers and professional training, and soft skills and management training services. The company also provides property and casualty insurance platforms, such as Sapiens CoreSuite and Sapiens IDITSuite; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. In addition, it offers Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision, an enterprise-scale platform; technology-based solutions; application development and business process integration platforms; vertical software solutions; cloud-based services; strategic consulting and outsourcing services; and professional services, as well as sells and markets computers and peripheral equipment, and cloud computing solutions. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

Corporate Governance

Formula Systems (1985) Ltd.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

October 7, 2024 at 12:00 AM UTC

Dividend Date

November 20, 2024 at 1:30 PM UTC - November 25, 2024 at 1:30 PM UTC

Formula Systems (1985) Ltd. Earnings Date

Recent Events

September 19, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

September 12, 2024 at 12:00 AM UTC

Ex-Dividend Date

September 9, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

August 20, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

August 5, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

July 11, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

June 20, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

May 28, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

May 22, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

May 15, 2024 at 12:00 AM UTC

6-K: Corporate Changes & Voting Matters

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