Formula Systems (1985) competitors, on the record

Who Formula Systems (1985) names

In its own words

1. Accenture, IBM, Oracle

   Word for word“In certain areas, including governance, risk and compliance (GRC), Matrix competes with large global corporations such as IBM, Accenture and Oracle, as well as the consulting divisions of the Big-4 accounting firms and system vendors that provide implementation and support services for their own products.” 20-F for 2025

2. AllCloud, DoIT

   Word for word“In cloud services, Matrix and Magic Software compete with cloud service providers and integrators such as AllCloud and DoIT, as well as with global cloud providers themselves, including Amazon Web Services, Microsoft Azure and Google Cloud, which increasingly market services directly to end customers.” 20-F for 2025

3. Amazon Web Services, Google Cloud, Microsoft Azure

   Word for word“In addition, major cloud providers such as Amazon Web Services, Microsoft Azure and Google Cloud compete by offering customers the ability to purchase software subscriptions directly through their platforms.” 20-F for 2025

4. Baran Group, Eldad Spivak Engineering, Epstein Project Management, Gadish Group, Hefet Engineering

   Word for word“In the engineering domain, Matrix’s principal competitors include companies engaged in project management for construction and infrastructure, engineering design firms and environmental consulting and planning companies, such as Eldad Spivak Engineering, Gadish Group, Epstein Project Management, Hefet Engineering and Baran Group.” 20-F for 2025

5. Bynet

   Word for word“Matrix’s principal competitors include, among others, Hilan, Malam-Team, One1, Aman, Bynet and other providers.” 20-F for 2025

6. Getter

   Word for word“Matrix’s principal competitors in this field include Getter, Yazamco, Mafil, Copytech and Tzilumatik.” 20-F for 2025

7. Hashavim

   Word for word“Its principal competitors in this segment include Hilan, Hashavim, T.M.L., Ardani Business Software Ltd., One Technologies, Malam Team, Finbot, iCount, Invoice4u and other providers.” 20-F for 2025

8. Hilan, IBM Israel, Kyndryl, Malam-Team, One1

   Word for word“In the Israeli market, the principal competitors of Matrix and Magic Software include IT services companies and system integrators such as Hilan, Malam-Team, One1, TSG Systems, Aman, Elad, Yael, Emet Computing, Amnet, Abra, SQLink, Log-on, HMS, SpeedValue, Kyndryl and IBM Israel.” 20-F for 2025

9. Informatica

   Word for word“Among its current competitors are IBM, Informatica, TIBCO, MuleSoft, Jitterbit, Talend, Dell-Boomi, Scribe and Software AG.” 20-F for 2025

10. Nilosoft

    Word for word“In the areas of recruitment and human capital management, Michpal competes with providers such as Nilosoft and CV-Next.” 20-F for 2025

11. Salesforce.com

    Word for word“Our main competitors in those markets fall into two categories: (1) providers of custom software and customer software solutions that address, or are developed to address, some of the use cases that can be addressed by applications developed on our platform; and (2) providers of low-code development platforms, such as Base44, Lovable, Salesforce.com, ServiceNow, Power Apps, Retool, OutSystems, Appian and Mendix.” 20-F for 2025

Read from Formula Systems (1985)’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-05-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.