{"schema":"rootz.ai/sec-company/v1","layer":1,"cik":"0001045986","name":"FORMULA SYSTEMS (1985) LTD","summary":"Formula Systems (1985) Ltd. is an Israeli holding company operating through subsidiaries Sapiens International, Magic Software Enterprises, Matrix IT, and Michpal. Sapiens provides software solutions for the insurance industry. Magic Software offers low-code/no-code platforms and IT consulting. Matrix delivers IT outsourcing and staffing services. Michpal develops payroll, HR, and financial management software. The group pursues an M&A growth strategy to expand customer base and geographic footprint.","people":[],"products":[{"name":"Sapiens Insurance Platform","type":"software","description":"Software solutions for the insurance industry including underwriting and policy management"},{"name":"Magic Software Low-Code/No-Code Platform","type":"platform","description":"Low-code/no-code development platform with API layer, analytics, and cloud computing capabilities"},{"name":"Paperless Platform","type":"platform","description":"Cloud-based platform for digital and online paperless accounting management for finance professionals"},{"name":"Heshev Platform","type":"platform","description":"Cloud-native technology platform for managing financial and business operations for accountants and bookkeepers"},{"name":"Michpal Payroll and HR Software","type":"software","description":"Software solutions for payroll management, HR processes, and financial operations"},{"name":"Y-IT Fleet Management Platform","type":"platform","description":"Technology platform for managing and optimizing transportation operations and vehicle fleets in Israel"},{"name":"Meida HR Solutions","type":"software","description":"Advanced solutions for recruitment and human resources management processes"}],"partnerships":[],"affiliations":[],"origin":{"leaf":"06d6cf2759e4e5bb41e7fadeb60359e14e768f6ddb85e1cf89eafece3efb54be","formula":"v2: sha256( sha256(content) || parent || source_accession )","content_sha256":"47dca01f968f50994f3b22ff4bae350654613df792e016e43f01fb031be08950","parent":"72c060c9ae57aef4d993b8d4d7fb1017c4599031409deb4dda4cbe067f1d59dd","source":"0001213900-25-043461","chain":"sec.gov/EDGAR (retrieved over TLS, accession recorded) > origin.rootz.global extraction > this response","registry":"origin.rootz.global","verify":"Recompute it: sha256(sha256(<this response body minus the origin block>) || parent || source_accession). 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