Formula Systems (1985) Ltd.

Tel Aviv Stock Exchange FORTY.TA

Formula Systems (1985) Ltd. Net Cash Used For Investing Activities for the year ending December 31, 2023: USD -139.24 M

Formula Systems (1985) Ltd. Net Cash Used For Investing Activities is USD -139.24 M for the year ending December 31, 2023, a -87.41% change year over year. Net cash used for investing activities is total cash inflows and outflows related to activities intended to generate future income and cash flows from investments.
  • Formula Systems (1985) Ltd. Net Cash Used For Investing Activities for the year ending December 31, 2022 was USD -74.30 M, a 32.58% change year over year.
  • Formula Systems (1985) Ltd. Net Cash Used For Investing Activities for the year ending December 31, 2021 was USD -110.19 M, a 37.76% change year over year.
  • Formula Systems (1985) Ltd. Net Cash Used For Investing Activities for the year ending December 31, 2020 was USD -177.03 M, a -63.59% change year over year.
  • Formula Systems (1985) Ltd. Net Cash Used For Investing Activities for the year ending December 31, 2019 was USD -108.22 M, a -19.64% change year over year.
Key data
Date Net Cash Used For Investing Activities Net Cash Used Provided By Financing Activities Dividends Paid Capital Expenditure
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Tel Aviv Stock Exchange: FORTY.TA

Formula Systems (1985) Ltd.

CEO Ms. Maya Solomon-Ella
IPO Date Aug. 12, 2002
Location Israel
Headquarters Yahadut Canada 1 Street
Employees 21,900
Sector Technology
Industries
Description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

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StockViz Staff

January 15, 2025

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