AcquisitionThe acquisition will bolster Magic’s capabilities in digital transformation for the manufacturing sector, especially in SMB and midsize markets.
Market PositionThe merger with Matrix I.T Ltd. is seen as a strategic opportunity to strengthen Magic’s market position through an expanded product and service offering at a greater, and more resilient, global scale.
Revenue GrowthNorth America revenue increased 11.1% year-over-year and revenue from Israel increased 17.7% year-over-year.