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Mashov Software Export founded
Mashov Software Export founded by David Assia and Yaki Dunietz -
Name changed to Magic Software Enterprises
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Menahem Hasfari Appointed CEO
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David Assia Appointed Acting CEO of Magic
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Emblaze acquires controlling stake in Formula Systems
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Magic Software announces restructing plan
Restructing plan announced to return to profitability.
Press release -
Bernstein named CEO at Emblaze
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Eitan Naor Appointed CEO of Magic
Eitan Naor named CEO and president - had led restructuring and turnaround at ECtel. Press release -
Bernstein named chairman of Magic
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Bernstein named CEO of Formula Systems
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Magic acquires assets of US IT consulting firm
$13.7M to be paid over 3 years. (Note: Purchase pricce differs in press release and Form 20-F). Press release -
Bernstein presents at Roth Capital Partners Growth Stock Conference
Berstein presents at Roth Capital Partners annual growth stock conference to start connecting with investors. Press release -
Bernstein named CEO of Magic
Berstein takes over as CEO after rough 2009 to change marketing focus and turn around operations- brings in new mgmt . SEC filing -
Emblaze sells stake in Formula Systems to Asseco
Emblaze sells stake in FORTY to Asseco, a Polish company listed on the WSE (MGIC 51.3% owned by FORTY, which is 50.19% owned by Asseco). Press release -
Bernstein presents at Rodman and Renshaw investor conference
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Magic completes private placement
Magic raises $21.4M ($20.3M net) of capital through a private placement priced at $6.50. Warrents with a strike of $8.26 also issued, worth $9.4M to MGIC if exercised before expiring in 3yrs. Press release -
Magic in 3 separate talks with acquisition candidates
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Magic rolls out mobile platform
Begins with platform for Blackberries; iPhone and Android platform support to follow in 2012. Press release -
Bernstein reiterates revenue goals
Targets $115M in revenue for 2011 and $165M for 2012, achieved through a combination of organic growth and acquisitions. Sees cloud/mobile as tailwinds. New report -
Berstein extends employment agreement with Formula Systems
SEC Filing</a>Services agreement extended through April 2016. As part of his incentive package, he has been granted 939,840 options that vest quarterly through December 2015. <a href='http://sec.gov/Archives/edgar/data/1045986/000114420411015947/v215200_20f.htm' >