Magic Software Enterprises Signs Agreement with Agnico-Eagle Mines Limited

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Magic Software Enterprises Ltd. (NASDAQ: MGIC), a leading provider of cloud and on-premise application platform and business integration solutions, announced today that Agnico-Eagle Mines Limited (NYSE:AEM) (TSE:AEM),  a major gold mining company headquartered in Toronto, Canada, has adopted the iBOLT Integration Suite to automate connections between ERP, Human Resources and Active Directory systems. 

“Many businesses are challenged by the task of coordinating multiple enterprise software applications involved in managing diverse workforces deployed across wide geographic areas,” said Regev Yativ, CEO of Magic Software Enterprises Americas. “We successfully demonstrated how the iBOLT Integration Suite can help Agnico-Eagle provision employee information between JD Edwards, Microsoft Active Directory and third-party Human Resources information systems in the HP Unix and Intel environments.”

The iBOLT Integration Suite enables businesses confronted with the challenge of coordinating information between different software applications to do so without expensive programming projects. Using a visual approach to configuring business processes, complex systems can be securely integrated by business analysts in an IT department.

“After a thorough evaluation, we chose to work with Magic Software because of their extensive integration experience and our ability to use the iBOLT Integration Suite to allow data to flow seamlessly between systems,” said Lino Cafazzo, VP of Information Technology at Agnico-Eagle. “We saw iBOLT’s features for integrating Oracle’s JD Edwards ERP system and Microsoft’s Active Directory identity management software as meeting an important need for the provisioning of employee data.”

Agnico-Eagle manages a diverse workforce of approximately 5,000 persons ranging from permanent full-time employees to temporary part-time contractors. Since more than one software system needs to track information about a single employee, business process orchestration software is needed. The iBOLT Integration Suite, first introduced in 2003 and used at more than a thousand companies worldwide, will provide Agnico-Eagle with tools needed to optimize key business processes.

About Agnico-Eagle

Agnico-Eagle is a long established Canadian gold producer with operations located in Canada, Finland and Mexico and exploration and development activities in Canada, Finland, Mexico and the United States.  Agnico-Eagle’s LaRonde Mine is Canada’s largest operating gold mine in terms of reserves.  The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales.  It has declared a cash dividend for 29 consecutive years.  For more information on the company please visit www.agnico-eagle.com.

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