Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) has won a multi-year deal worth over $500,000 to upgrade and maintain the core IT systems of Israel Military Police, a unit of the the IDF. The company will collaborate with Minerva Systems on the project.
Magic and Minerva will provide the latest versions of the uniPaaS platform enabling both cloud and on-premise application development and deployment. The deal also includes the iBOLT code-free business integration suite.
Magic CEO Yoram Aharon said, "Once implemented, both systems will provide the Military Police with real-time status reporting and a full picture of nation-wide operations at any given snapshot, for hundreds of system users." He added, "The upgrade to uniPaaS and iBOLT will allow for the integration of the most advanced active IT security systems currently available."
Magic is a subsidiary of Emblaze Ltd. (LSE: BLZ) unit Formula Systems Ltd. (Nasdaq: FORTY; TASE: FORT). Magic's share price fell 1% on Nasdaq yesterday to $2.05, giving a market cap of $65 million, and fell 1.9% in morning trading on the TASE today to NIS 7.72.
Published by Globes [online], Israel business news - www.globes-online.com - on June 9, 2010
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