Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT consulting services, announced today that, for the third consecutive year, Magic Software’s Magic xpa application development platform gained top market share in license sales in the Japanese market. According to the “Market Research for Next Generation Extra-Rapid Development Tools in 2018” published by MIC Research Institute Ltd., the Magic xpa Application Platform grew 2% achieving a 41% share of the Japanese market.
Magic Software has over 30 years of experience improving productivity for IT teams developing and deploying business applications. Through over 800 partners in Japan, business applications developed by Magic xpa have been introduced to over 40,000 companies and have been used in more than 300 types of business application software packages.
“This recognition of our market leadership confirms the quality and reliability of Magic Software’s Magic xpa application development platform,” stated Toshio Sato, President at Magic Software Japan. “Magic Software’s technology delivers on the promise of agile development, which requires ultra-fast development of quality software to adjust quickly to fast changing business processes.”
MIC Research Insitute Ltd
Established in 1991, MIC Research Institute has focused on marketing researches in the IT and Telecommunications industries. The company provides top-class knowledge resources in these fields in Japan.
Except for any historical information contained herein, matters discussed in this press release might include forward-looking statements that involve a number of risks and uncertainties. Regarding any financial statements, 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.
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