Magic Software Enterprises Ltd. (MGIC) is a significantly overlooked Israeli-based technology company that develops, markets, sells and supports an application platform and business and process integration solutions and offers information technology, or IT, professional services. The company's application and integration platforms are known for their code-free approach, allowing users to focus on business logic rather than technology requirements.
Not Well Known Among U.S. Investors
The ownership structure of the company, combined with an extremely quiet investor relations effort, have left this company virtually unknown among U.S. retail and institutional investors. MGIC's market capitalization is $233 million with the stock at $6.25, and the company had nearly $40 million in cash as of June 30, 2013, or a...