Registry · MTRX
Does Matrix IT Ltd. support Israel?
Yes — Matrix IT Ltd. has documented support for Israel on record. Every claim below links to its source.
Filed under: Tech companies · Companies that support Israel
Background
Matrix IT is Israel's largest IT services company and one of the clearest cases where the link to Israel's defense establishment is stated by the company itself: Matrix Defense advertises decades of work with the Israeli Ministry of Defense, the IDF and Israel's defense industries, including roles in the ARROW missile-defense, airborne early warning, SIGINT and C4ISR programs. Matrix also appears in the Who Profits advocacy database over that defense work; this page does not rely on that listing — the description above comes from Matrix's own website. This research found no separate documented corporate cash donation by Matrix to the Israeli military or war charities and no formal wartime solidarity statement.
Matrix (official) — Defense technology solutions and services Calcalist / CTech
Timeline of documented support
Documented support
| Type | Date | Amount | Recipient | Sources |
|---|---|---|---|---|
| Operations in Israel | 2001 | — | State of Israel (headquarters, employment and tax base of Israel's largest IT services company) Israeli company: Matrix IT is incorporated in Israel with offices at 3 Atir Yeda Street, Kfar Saba (per its US securities filings), trades on the Tel Aviv Stock Exchange under MTRX and is Israel's largest IT services company. It is controlled by the Israeli holding group Formula Systems (1985) Ltd., which held about 48.2% of Matrix before the 2026 merger with Magic Software; after that merger the group counts more than 15,000 professionals and is valued at roughly $4 billion. | |
| Government contract | 2026 | — | Israeli Ministry of Defense, the IDF and Israel's defense industries Matrix runs a dedicated defense arm, Matrix Defense, which states on the company's own website that it delivers multidisciplinary consulting and system-development services to defense forces and the defense industry, that its engineers, operational experts and analysts previously held key leadership positions within the Israeli Ministry of Defense, the IDF and Israel's premier defense industries, and that its teams 'played pivotal roles in the research, development, and deployment of national mission-critical projects, including the ARROW active missile defense system, AEW (Airborne Early Warning) systems, SIGINT systems, Cyber and C4ISR systems.' The work is Matrix's own services business, distinct from anything done by parent Formula Systems or sister company Magic Software. | |
| Acquisition | 2026-02-24 | — | Magic Software Enterprises Ltd. (Israeli software company, now a wholly owned Matrix subsidiary) Matrix completed its all-stock merger with Magic Software on February 24, 2026: Magic shareholders received 0.5878202 Matrix shares per Magic share and ended up holding 31.125% of Matrix, Magic became a wholly owned Matrix subsidiary and delisted from Nasdaq and the Tel Aviv Stock Exchange. The deal created an Israeli-headquartered IT group of roughly $4 billion with more than 15,000 professionals, with both sides remaining inside Formula Systems' Israeli ownership chain. |
Frequently asked questions
Did Matrix IT Ltd. donate money to Israel or Israeli causes?
We have no records of cash donations, but Matrix IT Ltd. has documented support of other kinds (Operations in Israel, Government contract, Acquisition). 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. 6 distinct sources are cited for Matrix IT Ltd.. Our methodology page explains the full verification process.
Sources & citations
Record last updated: 2026-07-30
- Matrix (official) matrix-globalservices.com
- Calcalist / CTech calcalistech.com
- SEC — Formula Systems 20-F annual report (FY2025), merger of Matrix and Magic sec.gov
- Matrix (official) — Defense technology solutions and services matrix-globalservices.com
- Who Profits database entry (advocacy source, used only as corroboration of the defense division) whoprofits.org
- TipRanks — Magic Software completes merger with Matrix I.T tipranks.com