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Formula Systems 1985 Ltd (ADR)
Yahadut Canada 1 St.
Phone: +972 35389474p:+972 35389474 OR YEHUDA, 6037501  Israel Ticker: FORTYFORTY
This is a Subsidiary, click here for the Parent Company
Business Summary
Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.
(Source: 20-F)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202312/31/2022YesYes---

Industries
SIC Code Description
7371 Computer programming services
7373 Computer integrated systems design
7372 Prepackaged software
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Marek P.Panek 52 11/1/2010 11/1/2010
Chief Executive Officer GuyBernstein 55 12/1/2008 11/1/2006
Chief Financial Officer AsafBerenstin 45 11/1/2011 11/1/2011
5 additional Officers and Directors records available in full report.

Business Names
Business Name
Applications for professional people - Liram Ltd
Effective Solutions Ltd
FORTY
14 additional Business Names available in full report.

General Information
Number of Employees: 22,059 (As of 12/31/2022)
Outstanding Shares: 15,332,667 (As of 7/10/2023)
Shareholders: 1
Stock Exchange: NASD
Fax Number: +972 35389645
Email Address: mktng@formula.co.il


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Friday, September 29, 2023