Formula Systems Statistics, Revenue Totals and Facts (2021)



Here are a few of the most interesting Formula Systems statistics and facts I was able to dig up including revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.

Formula Systems Facts

  • Website: Official Website
  • Year Founded: 1985
  • Headquarters: Or Yehuda, Israel
  • Founder(s): Dan Goldstein and Gad Goldstein
  • Current Chief Executive: Guy Bernstein
  • Parent Company: Asseco
  • Subsidiaries / Brands: Matrix IT, Magic Software Enterprises, Sapiens International Corporation

What is Formula Systems?

Formula Systems (1985) Ltd. (“Formula”), a member of Asseco group, is an IT global solutions provider with over 8000 software professionals and aggregate sales of approximately $640M for 2011. Formula Group offers a wide range of IT solutions and services in over fifty countries. (source)

Formula Systems Employee Count

Number of Formula Systems employees:

15,101 employees

Last updated 1/1/19


Formula Systems Revenue Totals

Formula Systems annual revenue:


Formula Systems annual net income:


Please note that some of these numbers are easier to find than others. A few of these Formula Systems stats come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.