Formula Systems (1985) Ltd. FORTY

FORTY Company Overview

Formula Systems (1985) Ltd. is an Israel-based holding company that operates primarily in the information technology (IT) services and software industries. The company functions as a strategic parent, deriving the majority of its revenue and value from controlling interests in publicly traded and private technology companies rather than from direct operating activities. Its core business model centers on owning, managing, and allocating capital among IT-focused subsidiaries that provide enterprise software solutions, IT consulting, digital transformation services, and specialized technology platforms.

The company’s principal revenue drivers are its holdings in Matrix IT Ltd. and Sapiens International Corporation N.V., which together represent the vast majority of consolidated revenues and operating income. Formula Systems is positioned as a long-term technology investor with deep expertise in enterprise software and IT services, particularly for large organizations and regulated industries. Founded in 1985, the company evolved from an operating software firm into a pure-play holding structure over several decades, progressively spinning off and listing its operating businesses while retaining controlling ownership stakes.