FORTY

Formula Systems (1985) Ltd. engages in the development and provision of information technology solutions across various sectors, including insurance, public administration, banking, defense, telecommunications, healthcare, and utilities. The company generates approximately 80% of its revenue from proprietary and non-proprietary IT products and services. It operates through subsidiaries and affiliated companies in 60 countries and focuses on advanced technologies such as cloud computing, cybersecurity, and artificial intelligence. Formula Systems is part of the Asseco Group, which enhances its capabilities and market reach.