FORTY

Formula Systems (1985) Ltd. (NASDAQ:FORTY) is an Israeli technology conglomerate founded in 1985 and headquartered in Or Yehuda, Israel. The company went public in 1997 and has evolved into a diversified information technology services provider operating through multiple subsidiaries worldwide. Formula Systems operates as a holding company with investments in various technology sectors, most notably through its majority stake in Sapiens International Corporation, a leading provider of software solutions for the insurance industry. The company has grown through strategic acquisitions and organic expansion to become a significant player in the global IT services market.