Magic Software (MGIC) on Monday announced that it signed an memorandum of understanding with respect to a proposed merger with Matrix I.T Ltd.

The consideration to Magic's shareholders will be in the form of Matrix's ordinary shares, based on exchange ratio derived from valuations of the Companies, as detailed below (the “Merger”). In light ...

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The company filed for bankruptcy protection Monday in Delaware, adding that there was a stalking horse bidder for its assets.

The consideration to Magic's shareholders will be in the form of Matrix's ordinary shares. Formula Systems (1985) Ltd., holding 46.71% of Magic and 48.21% of Matrix's outstanding ordinary shares ...

The fully licensed status in Brazil aligns with Golden Matrix’s long-term growth strategy, positioning the Company for sustained revenue acceleration and increased profitability. The license was ...

Shares of Magic Software climbed after the IT-consulting services company said it agreed to negotiate a merger deal with IT-services firm Matrix. Magic also reported higher fourth-quarter earnings and ...

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