Magic Software Customer Vadim Software Named North American Partner of the Year at 2008 Magic International Users' Group and Business Networking Conference

Tuesday, June 3, 2008, Laguna Hills, California

Magic Software Enterprises Inc., today announced that customer Vadim Software was named North American Partner of the Year at the 2008 Magic International Users Group and Business Networking Conference. Vadim Software was honored for its iCity offering for municipal governments, using Magic Software's eDeveloper and iBOLT solutions for application development and integration.

Vadim Software, an independent software vendor based in Kelowna, British Columbia, Canada, develops innovative, integrated financial, municipal, asset and utility management software for municipalities, local governments and utility companies. Vadim Software has been an active partner with Magic Software since 1996, as a customer for Magic Software’s eDeveloper and iBOLT solutions that provide greater flexibility and scalability than competitive offerings.

Vadim Software General Manager Wayne Anderson accepted the award on behalf of the company, and said, “With the iBOLT Integration Suite as part of our product offering, we can easily create interfaces between iCity and third-party software applications. We greatly value this recognition and our long-standing business relationship with Magic Software to help us deliver real operational benefits to our customers.”

The 2008 Magic International User Group and Business Networking Conference was one of the largest Magic community events in recent years, gathering board level executives, project leaders and developers using Magic Software’s eDeveloper composite application development tool and iBOLT business integration suite. The award competition was judged by technical and business representatives based on business success, customer success and technical merit.

“We were very impressed with Vadim Software's iCity suite of applications for municipal governments,” said Regev Yativ, president of Magic Software Enterprises, Americas. “From both a development and integration perspective, Vadim Software offers its North American customers mission-critical functionality and self-service capabilities for their respective audiences.”

About Vadim Software

Established in 1975, Vadim Software is a leading provider of fully integrated, innovative software designed specifically for utilities, municipalities, and local governments. Vadim offers over 20 modular applications covering municipal, financial, payroll, utility, and public works management functions. Vadim is a member of the Stardyne Technologies group of companies. For more information, please visit http://www.vadimsoftware.com/.


About Magic Software Enterprises 

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a leading provider of business integration, application development and deployment tools. Magic Software has a presence in over 50 countries as well as a global network of ISV’s, system integrators, value-added distributors and resellers, and consulting and OEM partners. The company’s award-winning code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities. Magic Software’s technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP, salesforce.com, IBM and Oracle. For more information about Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.