Magic Software Enters the TA-100 Index of the Tel Aviv Stock Exchange in Recognition of its Strong Financial Performance

  • Or Yehuda, Israel
  • Dezember 15, 2011

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, announced today that it has been included in the Tel-Aviv Stock Exchange (TASETA-100 Index.

The TA-100 Index is the TASE’s leading index. It tracks the leading 100 shares, based on a range of criteria, including highest market capitalization and broadest shareholder diversity.

Commenting on the announcement, Guy Bernstein, CEO of Magic Software, said: “We are pleased to have been recognized by TASE as one of the top 100 leading companies. I am convinced that our shareholders will gain greater value from their investment in Magic, and will continue to enjoy the benefits of our financial growth. Being included in the TASE TA-100 Index represents a clear indication that we are regarded in the market as a large and well-respected company with impressive financial performance and heightened investor interest.”


About Magic Software Enterprises

Magic Software Enterprises Ltd. (NASDAQ: MGIC), is a global provider of mobile and cloud-enabled application and business integration platforms.

For more information, visit www.magicsoftware.com.


Except for any historical information contained herein, the matters discussed in this press release include forward-looking statements that might involve a number of risks and uncertainties. Actual results might 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 locally and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in Magic’s most recent annual report and other filings with the Securities and Exchange Commission.
Magic is a registered trademark of Magic Software Enterprises Ltd. All other product and company names mentioned herein are for identification purposes only and are the property of, and might be trademarks of, their respective owners.

 

Press Contact:

Tania Amar, VP Global Marketing

Magic Software Enterprises      
tania@magicsoftware.com