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FORMULA

FORTYInformation Technology ServicesOr Yehuda, Israel

Formula Systems (1985) Ltd. is a global technology enterprise delivering a broad spectrum of IT services and products. The company specializes in developing and distributing both proprietary and third-party software solutions, offering extensive professional IT services, handling software product promotion and support, and implementing comprehensive computer infrastructure and integration solutions. Its diverse portfolio includes crucial offerings such as cloud computing, database management, and big data services, along with a suite of software tools for customer relationship management, web content administration, and data analytics. A significant part of its business focuses on the insurance sector, where it provides an extensive range of Sapiens platforms covering property and casualty, life, pension, annuities, reinsurance, and workers' compensation. Furthermore, Formula Systems supplies financial and compliance software, a dedicated decision management platform (Sapiens DECISION), and various other technology-based solutions, including platforms for application development and business process integration. The company also offers strategic consulting, outsourcing services, and markets computer hardware and peripherals to commercial clients, in addition to developing on-premise payroll software. Established in 1985, Formula Systems (1985) Ltd. is headquartered in Or Yehuda, Israel.

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FORMULA at a glance

FORMULA is an information technology services company headquartered in Or Yehuda, Israel. It is publicly listed (FORTY) with a market capitalisation of $1.8B. Xcout tracks 10 named people at FORMULA, including Guy Bernstein (Chief Executive Officer). Xcout recorded 5 job postings from FORMULA in the last 90 days.

Industry
Information Technology Services
Headquarters
Or Yehuda, Israel
Market cap
$1.8B
Employees
21,900
Ticker
FORTY
Job postings recorded (90 days)
5

FORMULA leadership

  • Guy BernsteinChief Executive Officer
  • Asaf BerenstinChief Financial Officer
  • Maya Solomon-EllaChief Operational Officer
  • Amir HillmanDirector
  • Gabriela Barbara ZukowiczDirector
  • Ilan RegevDirector

4 more named people on record for FORMULA, with roles, board committees and tenure — see the full roster →

Hiring at FORMULA

Xcout recorded 5 job postings from FORMULA in the last 90 days, from a hiring record Xcout has kept since June 2026.

The weekly hiring trend, the roles and locations behind it — see FORMULA's hiring signals →

Tech stack

Node.jsPythonSnowflakeTypeScript

FORMULA competitors

A few of FORMULA's closest competitors — see the full list of competitors and alternatives →

BirlasoftBSOFT · IT ConsultingPune, India
64% matchPublic

Birlasoft Limited, established in Pune, India, in 1990, specializes in delivering comprehensive digital IT services to enterprises worldwide, with a presence across the Americas, Europe, the United Kingdom, and other international markets. The company's offerings encompass vital digital transformation capabilities, including advanced data analytics, solutions for connected products, intelligent automation, cloud computing services, and blockchain technology. Beyond digital transformation, Birlasoft provides expertise in core enterprise technologies and services. This includes working with leading platforms like Oracle, JD Edwards, SAP, Infor, and Microsoft, as well as offering specialized solutions in customer relationship management (CRM), manufacturing execution systems (MES), product lifecycle management (PLM), supply chain management (SCM), IT transformation, applications management, quality assurance testing, and infrastructure and cloud technology. Birlasoft also develops and deploys proprietary solutions designed to address specific business needs. These include: intelliOpen: An intelligent system for contactless people screening, social distancing monitoring, and contact tracing. intelliAsset: A platform enabling asset visualization, analytics, and actionable insights. TruView CLM: A cloud-based solution for managing the entire contract lifecycle. TruServ FSM: A cloud-based, touchless automation tool for field services. TruLens: A utility providing in-depth insights into existing Salesforce implementations. iLink: A solution facilitating the integration of PLM applications with ERP systems. Supplier Risk Radar: An AI-driven solution for proactive risk mitigation within supply chains. Akoya: An analytical solution focused on engineering data. Producer Workspace: A dedicated solution for insurance brokerage. Submission Automation: A solution streamlining the insurance broker submission process. The company caters to a diverse range of industries, including banking, high technology, manufacturing, insurance, media and entertainment, energy and resources, life sciences and healthcare, utilities, and capital markets.

Market cap$908.8M
Employees11,332
Birlasoft competitors & alternatives →

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More on FORMULA in Xcout Intel

  • 10 named people with titles, LinkedIn and board committees
  • Weekly hiring history and the mix of roles behind it
  • The full competitor set, tracking, exports and API access
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