| MAGIC-SOFTWARE |
MAGIC-SOFTWARE |
90%
|
Two of Magic Software’s largest clients accounted together for 13.3% and 13.2% of its revenues in the years ended December 31, 2025 and 2024, respectively, and five of Magic Software’s largest client… |
| MICHPAL |
MICHPAL |
90%
|
For example, Michpal’s largest client accounted for 13.1% and 16.7% of its revenues in the years ended December 31, 2025 and 2024, respectively. |
| GAV-SYSTEMS-LTD |
GAV-SYSTEMS-LTD |
85%
|
ments, as well as increased activity with customers in the financial services sector, (iii) large-scale IT and engineering projects, which contributed to growth and provided increased visibility into… |
| Y-IT-LTD |
Y-IT-LTD |
85%
|
onvenience, and reliability of their financial reporting processes. For further information, please see Note 3(iii)(i) to our consolidated financial statements included in Item 18 of this annual repo… |
| CBDY |
Target Group Inc. |
72%
|
Reciprocal relationship from CBDY graph: Reciprocal relationship from FORTY graph: Reciprocal relationship from CBDY graph: Reciprocal relationship from FORTY graph: Reciprocal relationship from CBDY… |
| CBDY |
Target Group Inc. |
72%
|
Nordics. Following the acquisitions of Cálculo and sum.cumo, we will now also have regional offices in Spain and Germany. The direct sales force is geared to large organizations within the insurance … |
| RMTHF |
RMTHF |
72%
|
Reciprocal relationship from RMTHF graph: Reciprocal relationship from FORTY graph: s in each period. In Israel, for example, during the Jewish holidays period (typically at the end of the third quar… |
| RMTHF |
RMTHF |
72%
|
s in each period. In Israel, for example, during the Jewish holidays period (typically at the end of the third quarter and beginning of the fourth quarter or at the end of the first quarter and begin… |
| XYF |
X Financial |
72%
|
ase the risk of financial exposure from fluctuations in the exchange rate of the dollar, Euro, Japanese yen and/or British Pound against the NIS, or the Euro, Japanese yen and/or British pound agains… |
| XYF |
X Financial |
72%
|
Reciprocal relationship from XYF graph: Reciprocal relationship from FORTY graph: ase the risk of financial exposure from fluctuations in the exchange rate of the dollar, Euro, Japanese yen and/or Br… |
| ADVANCE-ENGINEERING-LTD |
ADVANCE-ENGINEERING-LTD |
62%
|
m specializing in the planning and design of electrical, communications and control systems for infrastructure projects, for total consideration of approximately NIS 42 million (approximately $13.6 m… |
| AI-TECHNOLOGIES |
AI-TECHNOLOGIES |
62%
|
naccurate. We cannot be sure that the market will continue to grow or that it will grow in ways we anticipate. In addition, market acceptance of products and services that incorporate AI Technologies… |
| ALACER-GROUP |
ALACER-GROUP |
62%
|
luded in Item 18 of this annual report. Acquisitions by Matrix (besides Merger with Magic Software): Acquisition of Gav Systems Ltd. (“Gav Systems”) and Gav Expert Ltd. (“Gav Expert”). On February 4,… |
| ALACER-MATRIX-LLC |
ALACER-MATRIX-LLC |
62%
|
luded in Item 18 of this annual report. Acquisitions by Matrix (besides Merger with Magic Software): Acquisition of Gav Systems Ltd. (“Gav Systems”) and Gav Expert Ltd. (“Gav Expert”). On February 4,… |
| COMM-IT-SOFTWARE-LTD |
COMM-IT-SOFTWARE-LTD |
62%
|
software solutions and related services is highly competitive and dynamic, and we may be unable to adapt rapidly enough to changing market conditions and to compete successfully with existing or new … |
| COMM-IT-TECHNOLOGY-SOLUTIONS-LTD |
COMM-IT-TECHNOLOGY-SOLUTIONS-LTD |
62%
|
software solutions and related services is highly competitive and dynamic, and we may be unable to adapt rapidly enough to changing market conditions and to compete successfully with existing or new … |
| CORETECH-CONSULTING-GROUP-LLC |
CORETECH-CONSULTING-GROUP-LLC |
62%
|
Item 18 of this annual report Acquisition of Executive Life Ltd., or Executive. On October 31, 2024, Magic Software, through its wholly owned subsidiary, CoreTech Consulting Group LLC, completed the … |
| EFFECTIVE-SOLUTIONS-LTD |
EFFECTIVE-SOLUTIONS-LTD |
62%
|
. , or Linkatch. In November 2025, our subsidiary Michpal completed the acquisition of 60% of the outstanding share capital of Linkatch, which develops and markets a secure cloud platform for recruit… |
| EXECUTIVE-LIFE-LTD |
EXECUTIVE-LIFE-LTD |
62%
|
Item 18 of this annual report Acquisition of Executive Life Ltd., or Executive. On October 31, 2024, Magic Software, through its wholly owned subsidiary, CoreTech Consulting Group LLC, completed the … |
| FORMALLY-SMART-FORM-SYSTEM-LTD |
FORMALLY-SMART-FORM-SYSTEM-LTD |
62%
|
Alacer Group), which specializes in advisory services and the provision of experts in the field of governance, regulation and compliance within the U.S. financial market, for approximately $1.95 mill… |
| GAV-EXPERT-LTD |
GAV-EXPERT-LTD |
62%
|
ments, as well as increased activity with customers in the financial services sector, (iii) large-scale IT and engineering projects, which contributed to growth and provided increased visibility into… |
| JTG-HUMAN-RESOURCES-CONSULTING-LTD |
JTG-HUMAN-RESOURCES-CONSULTING-LTD |
62%
|
. , or Linkatch. In November 2025, our subsidiary Michpal completed the acquisition of 60% of the outstanding share capital of Linkatch, which develops and markets a secure cloud platform for recruit… |
| KOL-HAMAS-LTD |
KOL-HAMAS-LTD |
62%
|
. , or Linkatch. In November 2025, our subsidiary Michpal completed the acquisition of 60% of the outstanding share capital of Linkatch, which develops and markets a secure cloud platform for recruit… |
| KOL-TAX-LTD |
KOL-TAX-LTD |
62%
|
Alacer Group), which specializes in advisory services and the provision of experts in the field of governance, regulation and compliance within the U.S. financial market, for approximately $1.95 mill… |
| MAGIC-SOFTWARE-ENTERPRISES-LTD |
MAGIC-SOFTWARE-ENTERPRISES-LTD |
62%
|
nted separately under a single line-item, as discontinued operations for each of those years. ii Merger of Matrix and Magic Software Post- 2025 On February 24, 2026, Matrix and Magic Software Enterpr… |
| MATRIX-U-S-HOLDING-LLC |
MATRIX-U-S-HOLDING-LLC |
62%
|
luded in Item 18 of this annual report. Acquisitions by Matrix (besides Merger with Magic Software): Acquisition of Gav Systems Ltd. (“Gav Systems”) and Gav Expert Ltd. (“Gav Expert”). On February 4,… |
| MEIDA-COMPUTERS-SOFTWARE-SOLUTIONS-LTD |
MEIDA-COMPUTERS-SOFTWARE-SOLUTIONS-LTD |
62%
|
Item 18 of this annual report Acquisition of Executive Life Ltd., or Executive. On October 31, 2024, Magic Software, through its wholly owned subsidiary, CoreTech Consulting Group LLC, completed the … |
| MISHMAROT-TECHNOLOGIES-LTD |
MISHMAROT-TECHNOLOGIES-LTD |
62%
|
Alacer Group), which specializes in advisory services and the provision of experts in the field of governance, regulation and compliance within the U.S. financial market, for approximately $1.95 mill… |
| MOSHE-ORT-HOLDINGS-LTD |
MOSHE-ORT-HOLDINGS-LTD |
62%
|
luded in Item 18 of this annual report. Acquisitions by Matrix (besides Merger with Magic Software): Acquisition of Gav Systems Ltd. (“Gav Systems”) and Gav Expert Ltd. (“Gav Expert”). On February 4,… |
| SAVANNA-SOLUTIONS-LTD |
SAVANNA-SOLUTIONS-LTD |
62%
|
software solutions and related services is highly competitive and dynamic, and we may be unable to adapt rapidly enough to changing market conditions and to compete successfully with existing or new … |
