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Magic Acquires IT Professional Services Company Specializing in Mainframe Environments

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Magic Software Enterprises Ltd., a global provider of software platforms for enterprise mobility, cloud applications, and business integration, announced today that it has entered into a definitive agreement to acquire a 70% stake, with an option to increase the holding to 100%, in a profitable Israeli-based company that specializes in software professional services for mainframes and complex large-scale environments. The acquisition is subject to the fulfillment of certain conditions defined in the acquisition agreement.

 

Click here to read the full press release.

 

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of mobile, cloud-based and on-premise application, and business integration platforms. For more information visit www.magicsoftware.com.

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