Formula Systems - M&A Summary and Business Overview

Information TechnologyCompany

Formula Systems M&A Summary

Formula Systems has acquired 3 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms.

Formula Systems’ largest acquisition to date was in 2016, when it acquired TSG IT Advanced Systems for $50M. The Company’s most targeted sectors include information technology (34%) and internet software and services (34%).

Formula Systems Business Overview

Where is Formula Systems headquartered?

Formula Systems is headquartered in Or Yehuda, Israel.

What is Formula Systems’ revenue?

Formula Systems disclosed revenue of 2,621M USD for 2023 and 2,572M USD for 2022.

How many employees does Formula Systems have?

Formula Systems has 21,900 employees.

What sector is Formula Systems in?

Formula Systems is an information technology company.

When was Formula Systems founded?

Formula Systems was founded in 1985.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Formula Systems

Formula Systems (1985) Ltd.

5 HaPlada Street,
Or Yehuda, 60218
Israel,
+972 3 538 9487
www.formulasystems.com

Formula Systems is an IT global solutions provider, offers a wide range of IT solutions and services in over fifty countries. Formula, through its subsidiaries, provide quality IT solutions worldwide, developing and implementing innovative, proprietary software, services and solutions, turnkey projects and outsourcing services as well as software distribution and support. Formula Systems was founded in 1985 and is based in Or Yehuda, Israel.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $66M $66M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Zap Group Ltd. 2021-04-07 - Add-on Acquisition
Petah Tikva, Israel · www.zapgroup.co.il
Unique Software Industries Ltd. 2019-11-19 16M ILS Add-on Acquisition
Jerusalem, Israel · www.site.unq.co.il
TSG IT Advanced Systems Ltd. 2016-01-14 50M USD Add-on Acquisition
Tel Aviv, Israel · www.nesstsg.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 1 (33%) 50M (76%) - -
Internet Software and Services 1 (33%) - - -
Software 1 (33%) 16M (24%) - -
Total 3 $66M - -

By Geo

State/Country Buy Value Sell Value
Israel 3 66M - -
Total 3 $66M - -

Deal Values

buy # Total
< $100M 2 $66M
TOTAL $66M
Largest TSG IT Advanced Systems Ltd.
$50M (2016-01-14)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

Company Summary

SECTOR

Information Technology

Revenue

2,621   2% 2023
2,572   7% 2022
2,404   25% 2021
1,934   14% 2020
1,701   14% 2019
1,493   11% 2018
1,355   2017
(millions of USD) Show More Show Less

Employees

21,900

Established

1985

Public

NASDAQ: FORTY

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