# Magic Software Enterprises Ltd

Magic Software Enterprises Ltd is an Asset Manager based in Or Yehuda, Israel.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Or Yehuda, Israel
- **Region:** Asia
- **Address:** Or Yehuda, Israel
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** www.magicsoftware.com

## Regulatory record

- **Reports private funds:** No

## About

Magic Software Enterprises was founded in 1985 and went public on Nasdaq and the Tel Aviv Stock Exchange by 1999. The firm employs roughly 2,800 people worldwide, with Guy Bernstein serving as CEO since 2008 and Asaf Berenstin as CFO. The company provides enterprise software solutions, including application development, integration, and managed services. Its expertise covers cloud migration, robotic process automation, and AI-powered analytics. Named clients include Marubeni Corporation and Volkswagen Financial Services (per public SEC filings, 2025). Geographic operations span Israel, the United States, Germany, Japan, the United Kingdom, the Netherlands, Romania, and India. Revenue reached $405M in 2024 (per the firm's annual report, March 2025), up from $386M in 2023. Magic Software maintains no separately branded philanthropic foundation, but operates through wholly owned subsidiaries such as Magic Software USA and Validata Group. In May 2025, the firm announced a strategic partnership with Microsoft to deliver Azure-based AI solutions. Magic Software operates as a publicly traded company — not as a family office or private investment vehicle. This structure forces quarterly earnings disclosure and mandates independent board oversight, distinguishing it from privately held IT-service competitors who face no analogous transparency requirement.

## Sectors

- Enterprise Software
- IT Services
- AI/ML
- Robotics & Automation

## Offices

- United States
- Germany
- Japan
- United Kingdom
- Netherlands
- Romania
- India

## People

- Guy Bernstein — Chief Executive Officer
- Asaf Berenstin — Chief Financial Officer

## Questions

### Who runs investment decisions at Magic Software Enterprises?

CEO Guy Bernstein has led the firm since 2008, overseeing both operational and strategic decisions. The executive team includes CFO Asaf Berenstin. The firm's board of directors, elected by public shareholders, provides oversight.

### How does Magic Software Enterprises source new business?

The firm generates revenue through direct enterprise sales to mid-market and Fortune 500 clients, channel partnerships with vendors like Microsoft and Salesforce, and long-term managed-service contracts. Named clients include Marubeni Corporation and Volkswagen Financial Services (per public SEC filings, 2025).

### Does Magic Software Enterprises invest in other companies or pursue M&A?

Historically, the firm has made acquisitions to expand its technology portfolio and geographic reach, including Validata Group. There is no public evidence of it engaging in venture capital or direct private-equity-style investments.

### What investment stages or sectors does Magic Software Enterprises focus on?

The firm focuses on enterprise-software solutions for manufacturing, healthcare, financial services, and other sectors, spanning development, integration, and managed services. It operates at all implementation stages, from strategy through ongoing support.

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Last updated: 2026-06-03T20:00:00.000Z

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