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Israel’s Matrix to snap up Magic Software in $2.1 billion IT services merger deal

Israeli information technology provider Matrix IT Ltd. has inked an initial agreement to buy rival Magic Software Enterprises Ltd. in a mega merger deal worth NIS 7.7 billion ($2.1 billion). The ...
Nasdaq

Magic Software Enterprises, Matrix I.T Sign MoU To Merge

(RTTNews) - Magic Software Enterprises Ltd. (MGIC), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced that it signed an ...
Nasdaq

Magic Software Enterprises Ltd. Signs Memorandum of Understanding for Proposed Merger with Matrix I.T Ltd.

Magic Software Enterprises signed an MOU for a merger with Matrix I.T. Ltd., aiming to enhance market position and capabilities. Magic Software Enterprises Ltd. has announced a Memorandum of ...
Seeking Alpha

Magic Software and Matrix I.T sign MOU to Consider Merger

--Magic Software Enterprises Ltd., a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it signed an Memorandum ...
The Globe and Mail

Magic Software Completes Merger With Matrix I.T and Moves to Delist Shares

An announcement from Magic ( (MGIC)) is now available. On February 24, 2026, Magic Software Enterprises reported that it had received the official merger certificate for its reverse triangular merger ...