Registry · MTRX
Does Matrix support Israel?
Matrix IT Ltd.
Owned by Formula Systems Records for the parent company are kept separately.
Matrix does business in Israel — we found records of its operations there, but no record of donations, aid, or a public statement of support. 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. Beyond that self-disclosure, the UN Human Rights Council's settlement-business database (A/HRC/60/19) lists Matrix IT in its current Annex I over settlement-support and land/water-use activities, and the advocacy research centre Who Profits documents — from its own reading of Israeli government tender records, not independently verified here — a West Bank settlement subsidiary and a long list of computing contracts with the Israeli Ministry of Defense, Israel Police and the bodies that administer the occupied West Bank's permit and checkpoint systems. This research found no separate documented corporate cash donation by Matrix to the Israeli military or war charities and no formal wartime solidarity statement; a search of Matrix's Tel Aviv Stock Exchange annual report for a Hebrew donations disclosure ('תרומות') could not be completed because the filing's Hebrew text did not extract reliably from the PDF.
Matrix (official) — Defense technology solutions and services Calcalist / CTech OHCHR — UN Human Rights Council database report A/HRC/60/19 Who Profits database entry (advocacy source)
Timeline of documented records
Documented records
| 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. | |
| 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. | |
| Operations in Israel | 2025-09-26 | — | Israeli settlements of Modi'in Illit and Ariel in the occupied West Bank The UN Human Rights Council's database of business enterprises involved in listed activities related to Israeli settlements (report A/HRC/60/19, 26 September 2025) lists 'Matrix IT Ltd.' at entry 96 of Annex I (enterprises currently involved, not the removed-after-review Annex II) under listed activities (e) 'the provision of services and utilities supporting the maintenance and existence of settlements, including transport' and (g) 'the use of natural resources, in particular water and land, for business purposes,' as defined in paragraph 96 of the fact-finding mission's report. The advocacy research centre Who Profits documents the underlying facts behind that listing: Matrix's wholly owned subsidiary Matrix I.T. Global Services Ltd. (formerly named 'Talpiot,' after an Israeli military training unit, established 2005) is located in the settlement of Modi'in Illit, and in 2020 another wholly owned subsidiary, Matrix I.T. Integration & Infrastructures Ltd., provided computing services to Ariel University in the settlement of Ariel. Who Profits states these facts as its own characterisation; the settlement-subsidiary detail is not corroborated by an independent second source beyond Who Profits. | |
| Government contract | 2016 | — | Israeli Ministry of Defense, Israel Police/Border Police, Israel Prison Service and the Coordinator of Government Activities in the Territories (COGAT) / Israeli Civil Administration The Who Profits database (an advocacy research centre) documents, by its own account drawn from Israeli government procurement/tender records, a long series of computing contracts between Matrix IT (through Matrix and its wholly owned subsidiaries Matrix IT Advanced Information Systems and Matrix IT Integration & Infrastructures) and Israeli security bodies. Who Profits' page states the company supplied the Israel Police and Border Police with computers, tablets, peripherals, communications equipment and body cameras for a total of NIS 56,224,567 between 2019 and 2021, and separately supplied the Israeli Civil Administration (ICA, part of COGAT, headquartered in the West Bank settlement of Beit El) with computing equipment, consultants and system analysts for the 'Meitar' biometric ID system used at West Bank checkpoints (contracts it dates to 2016-2024, e.g. NIS 136,663 in September 2024) and the 'Wisdom Stone' system, which Who Profits describes as centralizing Palestinian permit-application and movement data (contracts it dates from 2018 to January 2024, e.g. NIS 804,960 for a system analyst through January 2025). Who Profits states it does not link to the individual tender documents on the page; this pass could not independently locate or verify those underlying procurement records, so these figures are reported as Who Profits' own characterisation and are single-sourced to it, not corroborated by a second independent source. This is separate from, and more specific than, the general defense-sector work Matrix describes on its own website. | One source |
| Acquisition | 2026-07-09 | $24,080,000 | Laor Energy Ltd. and its selling shareholders (Israel) Commerce, not support: on 9 July 2026 Matrix IT announced an agreement to buy 80% of Laor Energy Ltd., an Israeli integrator of electrical, energy and electro-mechanical systems whose main customers are Israel's defence industries, for about NIS 73 million (roughly US$24.1 million at the Bank of Israel official rate of 3.032 shekels to the dollar that day). Matrix buys through a wholly owned subsidiary — the buyer and the money are Matrix's, not those of its parent Formula Systems (1985) Ltd. The sellers keep 20%, the two sides hold mutual put and call options on those shares three years after closing, and completion depends on conditions of which the main one is approval by the Israel Competition Authority. Laor Energy was founded in 1993, employs 65 people and has a plant in the Tzipori industrial zone. Matrix CEO Moti Gutman said the purchase is "another strategic step in building Matrix's standing as one of the leading technology groups in the defence field" and that Matrix's defence business already ran at more than NIS 1 billion a year before the deal. This pass found no confirmation, as of 26 September 2026, that the acquisition had been completed. | One source |
| Acquisition | 2022-06-19 | $12,700,000 | RDT Equipment and Systems (1993) Ltd. and its selling shareholders (Israel) Commerce, not support: on 19 June 2022 Matrix IT, through its wholly owned subsidiary Matrix Integration and Infrastructure Ltd., bought the entire share capital of RDT Equipment and Systems (1993) Ltd. for cash consideration of NIS 44 million (about US$12.7 million), or NIS 41 million (about US$11.9 million) net of acquired cash, with further consideration contingent on RDT's future operating targets that Matrix estimated at NIS 9.9 million (about US$2.9 million) at the acquisition date. Those figures come from the SEC annual report of Matrix's parent, Formula Systems (1985) Ltd., which reports the deal as its subsidiary's: the buyer and the money are Matrix's, not Formula's. Israel Defense reported the deal on 21 June 2022 and added that it covered the group company Asio Vision as well, that RDT had sales of more than NIS 100 million in 2021 and about 100 staff in Petah Tikva and Kiryat Ata, and that RDT is the exclusive Israeli representative of manufacturers including Fluke, Unitronics and TDK-Lambda, selling to customers "with emphasis on the defence, hi-tech, industry, energy, retail and medical sectors" and naming the Israeli Ministry of Defense and Rafael among them. Buying a supplier to the Israeli defence establishment is a commercial act, not a donation or a statement of support. |
Frequently asked questions
Did Matrix donate money to Israel or Israeli causes?
We have no records of donations. What is on record is commercial activity in Israel (Operations in Israel, Government contract, Acquisition), which is not the same as support — 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. 10 distinct sources are cited for Matrix. Our methodology page explains the full verification process.
Sources & citations
Record last updated: 2026-09-26
- 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) whoprofits.org
- TipRanks — Magic Software completes merger with Matrix I.T tipranks.com
- OHCHR — UN Human Rights Council database report A/HRC/60/19 documents.un.org
- Bizportal — Matrix buys a defence integration company for NIS 73 million (Hebrew, 9 July 2026) bizportal.co.il
- SEC — Formula Systems (1985) Ltd. 20-F annual report (FY2024), acquisition of RDT Equipment and Systems (1993) Ltd. sec.gov
- Israel Defense — Matrix acquires RDT (Hebrew, 21 June 2022) israeldefense.co.il