Magic Software, Matrix and IT services merger

Israel’s Matrix to snap up Magic Software in $2.1 billion IT services merger deal
Herzliya-based information technology company says the combined firm will employ over 15,000 people and provide IT services to 6,000 businesses around the world The post Israel’s Matrix to snap up Magic Software in $2.
Magic Software intends to merge with Matrix, go private
Magic Software (MGIC) on Monday announced that it signed an memorandum of understanding with respect to a proposed merger with Matrix I.T Ltd.
Magic Software Shares Rise on Expected Merger With Matrix
Shares of Magic Software climbed after the IT-consulting services company said it agreed to negotiate a merger deal with IT-services firm Matrix. Magic also reported higher fourth-quarter earnings and raised its semiannual dividend.
Magic Software: Q4 Earnings Snapshot
OR YEHUDA, Israel — OR YEHUDA, Israel — Magic Software Enterprises Ltd. (MGIC) on Tuesday reported net income of $10.6 million in its fourth quarter. On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring costs, came to 24 cents per share.
Magic Software and Matrix I.T sign MOU to Consider Merger
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Magic Software and Matrix I.T plan merger
Magic Software Enterprises (NASDAQ:MGIC) signed an MOU with respect to a proposed merger with Matrix I.T Ltd., public Israeli IT services company. The combined entity’s aggregate market value is expected to be $2.
Stocktwits on MSN2d
Magic Software Stock Rallies On In-line Q4 EPS, Positive Guidance: Retail Mood Stays Gloomy Amid Going Private Deal
Magic Software Enterprises Ltd. (MGIC) shares rallied Tuesday after the IT consulting services and application development ...
Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results
Net income attributable to Magic Software’s shareholders for the fourth quarter of 2024 increased by 25.2% to $10.6 million, or $0.22 per fully diluted share, compared to $8.5 million, or $0.17 per ...
Magic Software outlines 2025 revenue growth target of $593M-$603M amid Matrix merger transition
Q4 2024 Management View CEO Guy Bernstein highlighted the transformative impact of the announced merger with Matrix I.T., noting that this strategic move positions the combined entity as a global IT ...
Fintel on MSN1d
William Blair Downgrades Magic Software Enterprises (MGIC)
Fintel reports that on March 12, 2025, William Blair downgraded their outlook for Magic Software Enterprises (NasdaqGS:MGIC) ...
Magic Software price target raised to $16 from $15 at Barclays
Barclays analyst Tavy Rosner raised the firm’s price target on Magic Software (MGIC) to $16 from $15 and keeps an Overweight rating on the ...