Mission Statement, Vision, & Core Values of Magic Software Enterprises Ltd. (MGIC)

Ever wondered what drives a company's decisions and long-term goals? For Magic Software Enterprises Ltd. (MGIC), a global provider of IT consulting services and end-to-end integration and application development platforms, the answers lie in their mission statement, vision, and core values. But how do these guiding principles translate into real-world success, especially when the company reported a 13.6% increase in revenue for the fourth quarter of 2024, reaching $142.6 million?

Do these values resonate throughout the organization, influencing its strategies and ultimately impacting its financial performance? With a market capitalization of $665.79 million and a recent merger announcement projecting a $2.1 billion revenue entity, understanding the foundation upon which Magic Software operates is more crucial than ever.

Let's delve into the mission, vision, and core values that shape Magic Software, and explore how these elements align with the company's impressive growth and strategic moves, offering insights into its past achievements and future direction.

Magic Software Enterprises Ltd. (MGIC) An Overview of

Magic Software Enterprises Ltd. stands as a global provider of both proprietary and commercially available application development platforms, as well as integration platforms and business and technology consulting services. Established in 1983, the company has expanded its presence to operate in 24 countries, serving thousands of customers worldwide. Magic Software's offerings are designed to facilitate digital transformation, offering solutions that enhance business agility and innovation. As of April 2025, Magic Software continues to evolve, adapting to the dynamic needs of the technology landscape by providing cutting-edge solutions that cater to diverse industries.

In 2024, Magic Software Enterprises reported record-breaking revenue, demonstrating its strong market position and the effectiveness of its strategic initiatives. A significant portion of this revenue was attributed to the company's core products: Magic xpa Application Platform and Magic xpi Integration Platform. These platforms have seen increased adoption due to their ability to streamline business processes and improve data connectivity across various systems. The company also experienced substantial growth in its cloud services, reflecting the increasing demand for cloud-based solutions. Furthermore, the expansion into new markets, particularly in the Asia-Pacific region, contributed significantly to the overall revenue increase.

Magic Software Enterprises Ltd. has established itself as a leader in the application development and integration platform industry. Its ongoing success can be attributed to its commitment to innovation, customer satisfaction, and strategic partnerships. By offering comprehensive solutions that address the evolving needs of businesses, Magic Software enables organizations to achieve greater efficiency and competitive advantage. To further understand the factors contributing to Magic Software's success, explore its financial health and key insights for investors: Breaking Down Magic Software Enterprises Ltd. (MGIC) Financial Health: Key Insights for Investors.

Magic Software Enterprises Ltd. (MGIC) Mission Statement

At Magic Software, the mission is to equip enterprises with groundbreaking digital tools that pave the way to business excellence. The company is committed to providing holistic insights across organizations, improving data-driven strategies, and fostering a culture of continuous improvement. By harnessing the power of leading technologies and pioneering practices, Magic Software empowers its clients to excel and adapt in the dynamic world of digital evolution. The company's commitment extends beyond meeting current needs to anticipating future challenges, ensuring clients stay ahead in a constantly shifting digital marketplace.

Magic Software envisions establishing itself as the foremost leader in providing advanced digital tools and services, fundamentally transforming how organizations function and excel in the digital era. The company foresees a future where every enterprise can fully unleash its potential by harnessing the power of data-driven decisions and obtaining real-time insights that propel growth, efficiency, and success. Through specialized expertise in integration and data management, combined with passion and an unwavering commitment to innovation, Magic Software aims to empower businesses to soar to unprecedented heights.

Magic Software aims to create a more efficient and successful world, ensuring every organization can thrive in the rapidly evolving digital landscape.

A key element of Magic Software's mission involves enabling organizations to differentiate themselves through software-enabled digital transformation, moving away from traditional, lengthy, and costly custom software solutions .

In line with its mission, Magic Software reported strong financial results for 2024. The company's Q4 2024 revenue increased by 13.6% year-over-year, reaching $142.6 million, which exceeded the forecast of $137 million. The full-year revenue for 2024 rose to $552.5 million, a 3.3% increase compared to the previous year. These results demonstrate the company's commitment to delivering high-quality products and services that drive business excellence for its clients.

Core Values

Magic Software's organizational core values are central to its operations and company culture:

• Respect: Cultivating an environment where everyone’s contributions are valued, honoring diverse perspectives, and treating each individual with dignity.
• People Development: Investing in the growth and development of employees, providing opportunities for continuous learning and advancement, and empowering the team to reach their full potential.
• Continuous Improvement: Committing to ongoing growth towards excellence by refining and enhancing processes and products to elevate overall performance.
• Customer-Centric: Placing customers at the core of all activities, listening intently, understanding deeply, and responding with solutions that exceed expectations.
• Openness and Transparency: Believing in the power of open communication and transparency by sharing information, ideas, and feedback across all levels of the organization and ensuring clear and honest communication with clients, partners, and stakeholders.

These values are reflected in the company's efforts to provide innovative solutions and maintain strong relationships with its clients. For example, Magic Software's customer-centric approach is evident in its commitment to understanding and responding to customer needs with tailored solutions. This dedication has contributed to the company's strong performance and positive outlook.

Magic Software's commitment to these values ensures continued operational excellence and business continuity. The company's solutions are available through a global network of regional offices, independent software vendors (ISVs), system integrators (SIs), distributors and value-added resellers (VARs), original equipment manufacturers (OEMs), and consulting partners in approximately 50 countries.

To gain more insights into Magic Software Enterprises Ltd., check out this investor profile: Exploring Magic Software Enterprises Ltd. (MGIC) Investor Profile: Who’s Buying and Why?

Magic Software Enterprises Ltd. (MGIC) Vision Statement of

While specific, publicly-available details regarding Magic Software Enterprises' formal mission statement, vision, and core values as of April 2025 are limited, we can analyze the company's publicly stated goals, actions, and overall strategy to infer these key elements.

Inferred Mission Statement: To empower enterprises with innovative, low-code/no-code platforms and services that accelerate digital transformation, enhance agility, and drive business value.

Inferred Vision: To be a global leader in providing cutting-edge, business-transforming technology solutions that enable organizations to thrive in the digital age.

Inferred Core Values:

• Innovation: Continuously developing and improving technology to meet evolving business needs.
• Customer Success: Prioritizing customer satisfaction and delivering solutions that drive tangible results.
• Agility: Adapting quickly to changing market conditions and customer requirements.
• Excellence: Striving for the highest standards of quality and performance in all aspects of the business.
• Collaboration: Fostering a culture of teamwork and partnership to achieve common goals.

Let's delve into how these inferred components manifest in Magic Software Enterprises' operations.

Focus on Innovation:

Magic Software is dedicated to innovation, as evidenced by its focus on low-code/no-code platforms like xpa Application Platform and Tosca Testsuite. These platforms enable businesses to quickly develop and deploy applications, automate processes, and streamline testing, thus increasing agility and reducing time-to-market.

Commitment to Customer Success:

The company emphasizes customer success by providing comprehensive services, training, and support to ensure that customers can effectively utilize its platforms to achieve their desired outcomes. This commitment is reflected in their focus on building long-term relationships and becoming a trusted advisor to their clients.

Emphasis on Agility:

Magic Software's solutions are designed to empower businesses to be more agile and responsive to change. Their low-code/no-code platforms enable organizations to rapidly adapt their applications and processes to meet evolving market demands and customer needs. This agility is crucial in today's dynamic business environment.

Pursuit of Excellence:

The company strives for excellence in all aspects of its business, from product development to customer service. This commitment to quality is reflected in the reliability and performance of its platforms, as well as the expertise and dedication of its employees. Magic Software aims to deliver solutions that exceed customer expectations and drive significant business value.

Culture of Collaboration:

Magic Software fosters a culture of collaboration, both internally and with its partners and customers. They believe that by working together, they can achieve more than they could individually. This collaborative approach enables them to leverage diverse perspectives and expertise to develop innovative solutions and deliver exceptional customer service.

For further insights into the company's financial stability and performance, consider exploring: Breaking Down Magic Software Enterprises Ltd. (MGIC) Financial Health: Key Insights for Investors

Magic Software Enterprises Ltd. (MGIC) Core Values of

While specific, officially declared core values of Magic Software Enterprises Ltd. are not explicitly and publicly detailed, we can infer their commitment to certain principles through their actions, strategies, and overall business conduct. These inferred values reflect Magic Software's focus on innovation, customer success, and global collaboration.

Innovation

Innovation is crucial for Magic Software, allowing them to stay competitive and meet the evolving needs of their customers. This commitment is evident in their continuous development and enhancement of their application development platforms and integration solutions. Magic Software's focus on innovation enables businesses to stay ahead in a rapidly changing technological landscape.

Examples of Magic Software's commitment to innovation include:

• Continuous updates and improvements to their flagship products like Magic xpa Application Platform and Magic Integration Platform.
• Investment in research and development to explore emerging technologies and integrate them into their offerings.
• A focus on providing low-code and no-code solutions, enabling faster and more efficient application development.

Customer Success

Magic Software emphasizes customer success by providing solutions and services that address specific business challenges and drive tangible results. Their dedication to helping customers achieve their goals is reflected in their long-term relationships and positive testimonials.

Evidence of Magic Software's dedication to customer success includes:

• Offering customized solutions tailored to meet the unique requirements of each client.
• Providing comprehensive training and support services to ensure customers can effectively use their products.
• Building long-term partnerships with clients, focusing on continuous improvement and mutual growth.

Global Collaboration

As a global company, Magic Software fosters collaboration across different regions, cultures, and teams. This collaborative approach enables them to leverage diverse perspectives and expertise to deliver innovative solutions and support customers worldwide. Their global presence allows them to serve a wide range of industries and markets.

Examples of Magic Software's commitment to global collaboration include:

• Maintaining offices and partnerships in numerous countries to serve a global clientele.
• Encouraging cross-functional teams and knowledge sharing to leverage diverse skills and perspectives.
• Supporting a diverse and inclusive workforce that reflects the global communities they serve.

Explore more about Magic Software Enterprises Ltd. (MGIC): Exploring Magic Software Enterprises Ltd. (MGIC) Investor Profile: Who’s Buying and Why?