Magic Software Enterprises Ltd. (NASDAQ: MGIC), a provider of application platforms andbusiness process integration solutions, today announced that Clinical Financial Services, LLP (CFS) is using the iBOLT Business Integration Suite to manage complex integration requirements for its Software-as-a-Service (SaaS)-based ePayment solution. iBOLT also helps CFS provide a completely cloud-based business intelligence solution for its customers by automating invoice payment and forecasting processes.
“At CFS, we manage thousands of clinical trial agreements, and our ability to deliver a high-quality and cost-effective service to our customers is based on our key technology partners such as Magic Software,” said Glen Slater, CIO for CFS. “iBOLT helps us provide superior business intelligence to our customers and gives us a strong competitive advantage in our industry.”
iBOLT seamlessly connects CFS’ proprietary ePayment solution with other key processes and integrates data from the Salesforce.com CRM system and SAP Business One ERP system. A close working relationship with technology partner Accelbus Systems LLC lets CFS quickly adapt iBOLT-driven workflows and process changes required by customers. The complex integration between the cloud and on-premise data is simplified by iBOLT and helps CFS maintain ongoing access to real-time data flows and offer enhanced capabilities to its customers. Furthermore, iBOLT also helps CFS extend its technology applications to SaaS and cloud computing environments.
“Magic Software is committed to helping customers anticipate market trends and drive maximum value from their technology investments so they stay ahead of the competition,” said Regev Yativ, president and CEO of Magic Software Americas. “CFS has effectively solidified their market leadership position by automating their key business processes and providing customers with intuitive business intelligence and information that’s vital to the operation of their businesses.”
CFS offers payment and contract management services that support clinical research organizations, pharmaceutical sponsors and biotech companies. Since August 2007, the company has processed thousands of payment transactions to clinical research sites around the world using Magic Software’s iBOLT, providing the SaaS and cloud integration needed to achieve a fully hosted solution.
About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a leading provider of multiple-mode application platform solutions – including Full Client, Rich Internet Applications (RIA) or Software-as-a-Service (SaaS) modes – and business and process integration solutions. Magic Software has offices in 10 countries and a presence in more than 50, 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 AG, Salesforce.com, IBM and Oracle. For more information about Magic Software and its products and services, visit www.magicsoftware.com, and for more about our industry related news, business issues and trends, read the Magic Software Blog.
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.
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