Business: Formula Systems Ltd., a member of Asseco group, is an IT global solutions provider. Formula Group offers a wide range of IT solutions and services in over fifty countries. Formula, through their subsidiaries, provide quality IT solutions worldwide, developing and implementing innovative, proprietary software, services and solutions, turnkey projects and outsourcing services as well as software distribution and support. Formula companies, affiliates and business partners, have developed proprietary solutions that are installed and used by prominent clients around the world. Formula subsidiaries provide their proprietary cross industry solutions for e-business development, data center management, software development, software conversion & porting and other advanced solutions. When providing a turnkey solution to a client, Formula Group companies can act as system integrators, integrating their proprietary products as well as third party products into the complete solution provided to the client's satisfaction.