As per company’s website, “The Formula Systems group companies are engaged in information technology and operate in 60 countries worldwide. The Formula Systems group companies are listed on the Tel-Aviv Stock Exchange as well as on the American NASDAQ Global Markets. Formula Systems through its subsidiaries and affiliated companies offers comprehensive, proprietary and non-proprietary IT solutions for all sectors of the economy. Own solutions and services account for ca. 80% of Formula Systems total revenues and together with the operations of its controlling share holder, Asseco Poland S.A this puts us on the 6th place among the top software vendors in Europe. Formula Systems Group specializes in the production and development of software. We develop and implement centralized and comprehensive IT systems and advanced software solutions for insurance institutions that have been implemented in the sector’s major companies as well as IT systems dedicated to public administration and banking sector.”
