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Matrix, Magic Software Enterprises 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.

Seeking Alpha on MSN · 1d

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 powerhouse.

Globes · 3d

Matrix to buy Magic in major Israeli IT merger

Matrix IT (TASE: MTRX), the largest IT services company on the Tel Aviv Stock Exchange, has signed a memorandum of understanding to buy Magic Software Enterprises (TASE: MGIC; Nasdaq MGIC). According to a notice to the Tel Aviv Stock Exchange,

MarketWatch · 2d

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 downgraded to Market Perform from Outperform at William Blair

William Blair analyst Maggie Nolan last night downgraded Magic Software (MGIC) to Market Perform from Outperform without a price target after ...

13don MSN

Is Broadcom Inc. (AVGO) the Best Magic Formula Stock for 2025?

We recently published a list of 10 Best Magic Formula Stocks for 2025. In this article, we are going to take a look at where ...

Magic Software Enterprises Ltd. (MGIC) Q4 2024 Earnings Call Transcript

Welcome to the Magic Software Enterprises 2024 Fourth Quarter and Full Year Financial Results Conference Call. Magic's fourth quarter 2024 earnings release was issued before the market opened ...

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 ...

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