The project will provide small businesses in Italy with an online enterprise portal.
Magic Software Enterprises (Nasdaq:MGIC) and TER S.r.l., a development and integration service provider in southern Italy, announced today the signing of a major government integration and development project valued at over $1 million.
TER S.r.l. will use Magic Software's iBOLT and eDeveloper business integration and application development technologies to provide small businesses in Italy with an online enterprise portal that will offer them personalized accounting, CRM and management tools and applications, in an ASP model.
The project is being implemented in conjunction with a government-owned company, which manages grants and projects for the Italian government and is funded by a special grant from the European Union. The project was approved following an extensive screening process and technology evaluation.
"This deal is another example of the growing acceptance of our iBOLT and eDeveloper technology in the market," said Menachem Hasfari, CEO of Magic Software. "We look forward to working with our Italian partner TER S.r.l. to provide small businesses in Italy with a cost efficient means to grow their businesses and reduce operational expenses."
Published by Globes [online] - www.globes.co.il - on 02 December 2003