Registry · MGIC
Does Magic Software Enterprises Ltd. support Israel?
Yes — Magic Software Enterprises Ltd. has documented support for Israel on record. Every claim below links to its source.
Filed under: Tech companies · Companies that support Israel
Background
Magic Software appears in 'does it support Israel' searches because of its identity: it is a veteran Israeli software company, incorporated in Israel and headquartered in Or Yehuda, the first Israeli software firm to list on Nasdaq (1991), long controlled by Israel's Formula Systems group, and since February 2026 a wholly owned subsidiary of Matrix I.T, Israel's largest IT services company. This research found no documented corporate cash donation by Magic Software to the Israeli military or war-related charities and no formal solidarity statement — its connection to Israel is its Israeli corporate identity, workforce and tax base itself.
SEC — Magic Software 20-F annual report (FY2024) Matrix (official)
Timeline of documented support
Documented support
| Type | Date | Amount | Recipient | Sources |
|---|---|---|---|---|
| Operations in Israel | 1983 | — | State of Israel (headquarters, R&D, employment and tax base) Israeli company: founded in 1983 by David Assia and Yaki Dunietz as a spinoff of Mashov Computers, incorporated under Israeli law with principal executive offices at 1 Yahadut Canada Street, Or Yehuda. In 1991 it became the first Israeli software company to go public on Nasdaq (MGIC) and was also traded on the Tel Aviv Stock Exchange; since 1998 it has been controlled by the Israeli holding group Formula Systems, employing over 2,500 people worldwide as a global provider of application-development, integration and IT-services software. | |
| Operations in Israel | 2026-02-24 | — | Matrix I.T Ltd. (Israel's largest IT services company) Completed its merger into Matrix I.T, Israel's largest IT services company, on February 24, 2026: shareholders received 0.5878202 Matrix shares per Magic share, Magic became a wholly owned private subsidiary of Matrix and delisted from Nasdaq and the Tel Aviv Stock Exchange. The merger, announced November 3, 2025 and approved by shareholders on December 10, 2025, created an Israeli-headquartered IT group of roughly $4 billion with more than 15,000 professionals — deepening Magic's place inside Israel's largest homegrown IT enterprise. |
Frequently asked questions
Did Magic Software Enterprises Ltd. donate money to Israel or Israeli causes?
We have no records of cash donations, but Magic Software Enterprises Ltd. has documented support of other kinds (Operations in Israel). See the records on this page.
Where does this information come from?
Every record on this page links to its source — news reports, official company statements, tax filings, or government records. 5 distinct sources are cited for Magic Software Enterprises Ltd.. Our methodology page explains the full verification process.
Sources & citations
Record last updated: 2026-07-29
- SEC — Magic Software 20-F annual report (FY2024) sec.gov
- Wikipedia — Magic Software Enterprises en.wikipedia.org
- Matrix (official) matrix-globalservices.com
- TipRanks — Magic Software completes merger with Matrix I.T tipranks.com
- Calcalist / CTech calcalistech.com