Business Description
Formula Systems is an Israel-based technology holding company founded in 1985 that operates across multiple countries, including the United States, Europe, Africa, and Japan. Through its subsidiaries, it delivers a wide range of software products and IT services, covering areas such as cloud computing, data management, infrastructure, and business process integration. The company is also known for its Sapiens software division, which focuses on the insurance and financial sectors, offering specialized tools for property, casualty, life, reinsurance, and compliance purposes.