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Formula Systems logo — company profile

Formula Systems

Founded 1985 19 employees Information Technology, Legal Tech

General Information

Company Name Formula Systems
Founded Year 1985
Employees 19
Industries Information Technology, Legal Tech
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About Formula Systems

Formula Systems is a global IT solutions provider with over 8000 software professionals and aggregate sales of approximately $640M for 2011. It offers a wide range of IT solutions and services in over fifty countries. Through its subsidiaries, Formula provides innovative, proprietary software, services, turnkey projects, and outsourcing services, as well as software distribution and support. The company's proprietary solutions are installed and used by prominent clients worldwide. Formula subsidiaries provide cross-industry solutions for e-business development, data center management, software development, software conversion & porting, and other advanced solutions. Formula Group companies can act as system integrators, integrating their proprietary products as well as third party products into complete solutions to client's satisfaction. Their ordinary shares are traded on the Tel Aviv Stock Exchange (TASE), while their ADSs are traded on the NASDAQ Global Select Market (FORTY). In November 2010, Formula was acquired by Asseco Poland S.A, the largest Polish IT company and one of the ten largest listed IT companies in Europe.

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Formula Systems Alternatives & Competitors

Formula Systems vs
Asseco Poland S.A.
Asseco Poland S.A.

Asseco Poland S.A. specializes in the production and development of software and as the largest soft...

138 employees
Formula Systems vs
Demant
Demant Denmark

Demant is a world-leading hearing healthcare group built on a heritage of care, health and innovatio...

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4718 employees
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Formula Systems vs
ADDvise Group AB (publ)
ADDvise Group AB (publ) Sweden

Leading supplier of equipment to healthcare and research facilities

Post Ipo Debt
29 employees
Health Care, Manufacturing

FAQ About Formula Systems

Formula Systems (1985) Ltd. ("Formula"), a member of Asseco group, is an IT global solutions provider with over 8000 software professionals and aggregate sales of approximately $640M for 2011. Formula Group offers a wide range of IT solutions and services in over fifty countries. Formula, through...
Formula Systems was founded in 1985.
Formula Systems operates in the following industries: Information Technology, Legal Tech.
Formula Systems has approximately 19 employees.
Top alternatives and competitors to Formula Systems include Asseco Poland S.A., Demant, ADDvise Group AB (publ), Addnode Group AB, beeline Russia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Formula Systems and Asseco Poland S.A. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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