Formula Systems (1985) Ltd. - ADR
FORMULA SYSTEMS (1985) LTD Stock, NASDAQ:FORTY
Formula Systems (1985) Ltd. provides software services, proprietary and non-proprietary software solutions, and software product marketing and support services. It offers software solutions and services, such as computer and telecommunication infrastructure solutions; outsourcing and developing customized software; computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. The company also sells personal computers, portable computers, Intel servers, peripheral equipment, operating systems, servers, and workstations, as well as cloud based solutions; and provides computer and peripheral equipment maintenance services, and lab and helpdesk services. In addition, it offers Sapiens ALIS, a software solution for individual, group, and worksite insurance products; Sapiens Retirement Services for record-keeping management; Sapiens Closed Books, a solution to administer policies and claims relating to closed books of business; and Sapiens TOPAZ that enables life and pension carriers to handle a range of activities and regulations. Further, the company provides Sapiens IDIT for general insurance carriers; Sapiens Reinsurance, a business and accounting solution to support reinsurance contracts and activities; and Sapiens DECISION, a business decision management solution. Additionally, it provides proprietary application development and business process integration software solutions and related professional services; and supplies professionals in the areas of accounting and finance, administrative, customer service, clinical, scientific and healthcare, engineering, manufacturing and operations, human resources, IT technology, LI/MFG, and marketing and sales. The company was founded in 1985 and is headquartered in Or Yehuda, Israel.