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Magic Software Signs Distribution Agreement in Poland with Asseco
Agreement with One of Europe's Largest Software Vendors Set to Boost Magic's Local and Regional Presence
OR YEHUDA, Israel, January 25, 2012/PRNewswire-FirstCall/ --
Magic Software Enterprises Ltd. [http://www.magicsoftware.com ] (NASDAQ: MGIC
[http://www.nasdaq.com/symbol/mgic ]), a global provider of mobile
[http://www.magicsoftware.com/en/solutions/?catID13 ] and cloud-enabled application
[http://www.magicsoftware.com/en/products/?catIDp ] and business integration platforms
[http://www.magicsoftware.com/en/products/?catIDA ], announced today that it has signed
an agreement with its controlling shareholder, Asseco [http://asseco.com ], that sees the
European software giant, ranked seventh in the prestigious Truffle 100
[http://www.truffle100.com/2011/ranking.php ] list of the top 100 European software
companies for 2011, become Magic's distributor
[http://www.magicsoftware.com/en/partners/?catID• ] in Poland.
Commenting on the agreement, Guy Bernstein, CEO of Magic Software, said: "This
agreement is an important step forward as we pursue our strategic goal of broadening and
invigorating our community of distributors. Moreover, we anticipate that this will open
the door to additional activities with other Asseco Group subsidiaries, such as Asseco
Central Europe, Asseco Germany, Asseco Spain, and Asseco South-Eastern Europe." He added:
"The fact that one of Europe's largest and most influential software vendors has chosen to
become our distributor is a significant vote of confidence in our company, our technology
stack, and our business potential in the region. We aim to leverage Asseco's mighty
footprint in the Polish market to substantially expand our local presence, providing
better and more direct support to our existing customer base. We will also seize this
opportunity to increase our activity in Poland and other central and eastern European
countries."
Wojciech Wo?niak, Vice President of Asseco Poland, commented: "I am extremely
satisfied that our offering has been enriched with the advanced technology of Magic's
iBOLT [http://www.magicsoftware.com/en/products/?catIDA ] and uniPaaS
[http://www.magicsoftware.com/en/products/?catIDp ] platforms. According to the recently
signed agreement, Asseco has become a main distributor of these products in the Polish
market, and has, therefore, gained the ability to provide its clients with high-end
development and integration solutions. Our main goal is to take care of our clients and
help them grow, as well as to attract more potential users of uniPaaS and iBOLT."
About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of mobile and
cloud-enabled application and business integration platforms.
For more information, visit http://www.magicsoftware.com.
About Asseco Group
Asseco Group is a federation of companies engaged in information technology, and is
among the top ten software vendors in Europe. Asseco Group operates in most European
countries, as well as in Israel, USA, Japan, and Canada, offering comprehensive,
proprietary IT solutions for all sectors of the economy. Asseco Group companies are listed
on the Warsaw Stock Exchange, Tel-Aviv Stock Exchange, and the NASDAQ Global Market.
Asseco Group specializes in the production and development of centralized and
comprehensive IT systems offerings for many business domains, including banking,
healthcare, insurance, IT infrastructure, ERP, Telco and Utilities, and public
administration.
For more information, visit http://www.asseco.com [http://asseco.com ].
Except for the historical information contained herein, the matters discussed in this
news release include forward-looking statements that may involve a number of risks and
uncertainties. Actual results may vary significantly based upon a number of factors
including, but not limited to, risks in product and technology development, market
acceptance of new products and continuing product conditions, both here and abroad,
release and sales of new products by strategic resellers and customers, and other risk
factors detailed in the Company's most recent annual report and other filings with the
Securities and Exchange Commission.
Press Contact:
Tania Amar, VP Global Marketing
Magic Software Enterprises
Tel: +972(0)3-538-9300
tania@magicsoftware.com
Source: Magic Software Enterprises Ltd
Magic Software Signs Distribution Agreement in Poland with Asseco
Agreement with One of Europe's Largest Software Vendors Set to Boost Magic's Local and Regional Presence
OR YEHUDA, Israel, January 25, 2012/PRNewswire-FirstCall/ --
Magic Software Enterprises Ltd. [http://www.magicsoftware.com ] (NASDAQ: MGIC
[http://www.nasdaq.com/symbol/mgic ]), a global provider of mobile
[http://www.magicsoftware.com/en/solutions/?catID13 ] and cloud-enabled application
[http://www.magicsoftware.com/en/products/?catIDp ] and business integration platforms
[http://www.magicsoftware.com/en/products/?catIDA ], announced today that it has signed
an agreement with its controlling shareholder, Asseco [http://asseco.com ], that sees the
European software giant, ranked seventh in the prestigious Truffle 100
[http://www.truffle100.com/2011/ranking.php ] list of the top 100 European software
companies for 2011, become Magic's distributor
[http://www.magicsoftware.com/en/partners/?catID• ] in Poland.
Commenting on the agreement, Guy Bernstein, CEO of Magic Software, said: "This
agreement is an important step forward as we pursue our strategic goal of broadening and
invigorating our community of distributors. Moreover, we anticipate that this will open
the door to additional activities with other Asseco Group subsidiaries, such as Asseco
Central Europe, Asseco Germany, Asseco Spain, and Asseco South-Eastern Europe." He added:
"The fact that one of Europe's largest and most influential software vendors has chosen to
become our distributor is a significant vote of confidence in our company, our technology
stack, and our business potential in the region. We aim to leverage Asseco's mighty
footprint in the Polish market to substantially expand our local presence, providing
better and more direct support to our existing customer base. We will also seize this
opportunity to increase our activity in Poland and other central and eastern European
countries."
Wojciech Wo?niak, Vice President of Asseco Poland, commented: "I am extremely
satisfied that our offering has been enriched with the advanced technology of Magic's
iBOLT [http://www.magicsoftware.com/en/products/?catIDA ] and uniPaaS
[http://www.magicsoftware.com/en/products/?catIDp ] platforms. According to the recently
signed agreement, Asseco has become a main distributor of these products in the Polish
market, and has, therefore, gained the ability to provide its clients with high-end
development and integration solutions. Our main goal is to take care of our clients and
help them grow, as well as to attract more potential users of uniPaaS and iBOLT."
About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of mobile and
cloud-enabled application and business integration platforms.
For more information, visit http://www.magicsoftware.com.
About Asseco Group
Asseco Group is a federation of companies engaged in information technology, and is
among the top ten software vendors in Europe. Asseco Group operates in most European
countries, as well as in Israel, USA, Japan, and Canada, offering comprehensive,
proprietary IT solutions for all sectors of the economy. Asseco Group companies are listed
on the Warsaw Stock Exchange, Tel-Aviv Stock Exchange, and the NASDAQ Global Market.
Asseco Group specializes in the production and development of centralized and
comprehensive IT systems offerings for many business domains, including banking,
healthcare, insurance, IT infrastructure, ERP, Telco and Utilities, and public
administration.
For more information, visit http://www.asseco.com [http://asseco.com ].
Except for the historical information contained herein, the matters discussed in this
news release include forward-looking statements that may involve a number of risks and
uncertainties. Actual results may vary significantly based upon a number of factors
including, but not limited to, risks in product and technology development, market
acceptance of new products and continuing product conditions, both here and abroad,
release and sales of new products by strategic resellers and customers, and other risk
factors detailed in the Company's most recent annual report and other filings with the
Securities and Exchange Commission.
Press Contact:
Tania Amar, VP Global Marketing
Magic Software Enterprises
Tel: +972(0)3-538-9300
tania@magicsoftware.com
Source: Magic Software Enterprises Ltd