Page 13 - Formula Systems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Formula Systems acquires Zap Group for NIS 240m Zap Group is Israel's largest consumer website company, with more than 20 websites that have over 17 million monthly visitors. Formula Systems Ltd. (Nasdaq: FORTY; TASE: FORTY) has announced that it has signed an agreement to acquire full ownership of ZAP Group from Apax Partners for NIS 240 million cash, subject to adjustments. The amount paid could grow to NIS 300 million dependent on operational profit milestones adapted to EBITDA over the two years following the acquisition. The deal is subject to certain conditions including approval by th...

Formula Systems: Q4 Earnings Snapshot March 17, 2021 FacebookTwitterEmail OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Wednesday reported fourth-quarter profit of $11.9 million. On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 76 cents. The information technology company posted revenue of $543.2 million in the period. For the year, the company reported profit of $46.8 million, or $3.01 per share. Revenue was reported as $1.93 billion. Formula Systems shares have increased almost 6% since the beginning of the year. The stock has more than d...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net ... Formula Systems (1985) Ltd.March 17, 2021 GMT OR YEHUDA, Israel, March 17, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the fou...