Magic Software Expands its Footprint in the Netherlands with the Acquisition of Magic- Hands B.Vand Knowledge & Solutions SoftwareB.V, companies which offer complete, innovative software and mobile business apps solutions based on the Magic low code Development and IntegrationPlatforms

Or Yehuda, Israel, June 17, 2020 - Magic Software Enterprises Ltd., a global provider of end-to-end low code integration and application development platforms solutions and IT consulting services, announced today that it completed the acquisition of Netherlands based companies, Magic-Hands B.V and Knowledge & Solutions Software B.V to expand its footprint in the Western Europe market.

Alongside the acquisition Magic appointed the co- CEO of Magic Hands, Mr. Peter Vos and Mr. Peter Bruining, as CEO and President of Magic Benelux, respectively, to lead and continue the growth of Magics' business in the Benelux region. Both companies' teams of experts include 30 professionals that are responsible of support, development, project delivery, marketing, and sales, all for the purpose of collaborating closely with our existing and new customers and achieve marketing edge.

Commenting on the acquisitionMr. Yuval Lavi, Vice President of Technology & Innovation at Magic Software group, said: 'We are very excited to welcome both Mr. Peter Vos and Mr. Peter Bruining to our group as they bring decades of proven experience and leadership in key markets such as consulting and software engineering that are vital to our future business development and will enable us to expand our footprint in the Benelux region. We are a strategic buyer that acquires companies that fit our mission, vision and culture and we found both Magic- Hands B.V and Knowledge & Solutions Software B.V to meet our parameters.'

About Magic Software Enterprises

Magic Software Enterprises Ltd. is a global provider of powerful and versatile end-to-end, on-premises and cloud-based integration and low-code application development platforms. With over 30 years of experience, 24 regional offices, millions of installations worldwide, and strategic alliances with global IT leaders, Magic enables its customers to seamlessly adopt new technologies and maximize business opportunities. Magic collaborates closely with its customers and thousands of business partners in 50 countries to accelerate their business performance.

About Magic-Hands

The collaboration between Magic Software and Magic-Hands will increase development power across Europe as Magic-Hands' team develop, manage, and deliver software solutions using Magic Software for decades. Magic4Business as the finance and billing solution for various companies, Magic4Trade for supply chain businesses and custom-made software solutions as consultants knows to make a difference using the power of Magic Software low code application development platform.

About Knowledge &Solutions Software

The company, through its product Promis, offers organizations a comprehensive solution for the establishment, managing and monitoring of all processes in the organization which enables to achieve higher performance and yield from the overall flow, the employees and the relationship with end customers. Streamlining processes and the signal functions present in the system result in a lower error sensitivity and better performance.

About Mr. Peter Vos and Mr. Peter Bruining, Acting Directors of Magic-Hands and Knowledge & Solutions Software, are the business owners who worked closely with Magic Software for years as they managed great software solutions to support their customer businesses various grounds.

Insurance, repair, pharmacy, HR and many other markets are already using the engine of Magic Software delivered by Magic-Hands and Knowledge & Solutions Software.

In their capacities as CEO and president of Magic BeneluxMr Vos and Mr Bruining will continue to grow the business for Magic Software focusing on the Benelux market. We would like to take this opportunity to thank Mr. John Verwaaijen for his 14 years of dedication, leadership, and business results.

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Magic Software Enterprises Ltd. published this content on 22 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2020 14:36:02 UTC