Magic Software Elevated to NASDAQ Global Select Market

  • Or Yehuda, Israel
  • January 24, 2011

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of cloud and on-premise enabled application platforms and business integration solutions, today announced that it has been added to the NASDAQ Global Select Market, the premier listing tier for NASDAQ companies. The NASDAQ Global Select Market is designated for public companies that meet the highest initial listing standards in the world. Inclusion in this Market is a noteworthy mark of achievement, with qualification measures including market value, liquidity and earnings. Magic Software’s common stock began trading on the NASDAQ Global Select Market on January 3, 2011 and continues to be traded under the MGIC ticker symbol.

”We are delighted by the recognition of our financial strength and the opportunity to join the most respected companies in the world who also uphold NASDAQ’s rigorous qualification standards,” said Guy Bernstein, acting Chief Executive Officer of Magic Software. “Inclusion in this top tier of companies is a significant milestone of our progress, and is indicative of our commitment to generating value for our shareholders. It also further emphasizes our overall growth as a company, as well as our solid financial performance and long-term growth potential.”

About Magic Software Enterprises

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

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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