Last 2,530
Change Today -27.00 / -1.06%
Volume 6.5K
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As of 8:25 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

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52 Week High
02/27/14 - $3,412
52 Week Low
10/16/13 - $2,160
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magic software enterprises (MGIC) Details

Magic Software Enterprises Ltd. provides proprietary application development and business process integration software solutions, and related professional services. The company develops Magic xpa application platform that provides development and deployment environment, which facilitates organizations and magic software providers (MSPs) to create mobile and desktop business application; AppBuilder application platform, a development environment used for managing, maintaining, and reusing applications required by large businesses; and Magic xpi integration platform, a graphical wizard-based code-free solution, which delivers the integration and orchestration of business processes and applications. It also offers information technology services, including professional services, such as infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and staffing services. In addition, the company provides annual maintenance contracts; technical support; and training services, as well as consulting services in connection with installation assurance, application audits and performance enhancement, application migration, and application prototyping and design. Magic Software Enterprises Ltd. markets, sells, and supports its products through its offices and marketing departments, as well as through a channel-network of MSPs, system integrators, value-added distributors and resellers, and OEM and consulting partners. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.

1,302 Employees
Last Reported Date: 02/24/14
Founded in 1983

magic software enterprises (MGIC) Top Compensated Officers

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magic software enterprises (MGIC) Key Developments

Mahindra Uses Magic Technology to Automate Business Processes Between SAP and other IT Systems

Magic Software Enterprises Ltd. announced that Mahindra & Mahindra Ltd. has implemented its Magic xpi Integration Platform to integrate its SAP R/3 system with OTM, a cloud-based business intelligence system, its Automotive Dealer Management System and other enterprise applications.

Junk Mail Selects Magic Software Enterprises Ltd.'s End-to-End Enterprise Mobility solution to Mobilize its Sugar CRM

Magic Software Enterprises Ltd. announced that Junk Mail, through their Sugar CRM reseller Strategic Dimensions, chose Magic's End-to-End Enterprise Mobility solution as a strategic solution to provide fully integrated multi-channel mobile apps for its existing Sugar CRM application. Junk Mail's first mobile app will integrate with its Sugar system to enable employees to manage contracts on the go. The app will let employees convert leads, retrieve, generate and update contracts; print to pdf and accept customer signatures directly from their smartphones and tablets. Magic's enterprise mobility solution includes full offline support, assuring that employees can continue to work without risk of data loss, even in the case of network disruption. The latest information gets saved and synced so Junk Mail's CRM data is always up-to-date.

Magic Software Enterprises Ltd. Declares for the First Half of 2014, Payable on September 4, 2014

Magic Software Enterprises Ltd. announced that in compliance with its dividend distribution policy its Board of Directors has declared a cash dividend in the amount of $0.095 per share and in the aggregate amount of approximately $4.2 million for the first half of 2014. The dividend is payable on September 4, 2014 to all of the company's shareholders of record at the close of the NASDAQ Global Select Market on August 19, 2014.


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