Last updated on April 23, 2014 at 17:36 EDT

Magic Named to Deloitte Israel Technology Fast 50 for Second Consecutive Year

October 17, 2012

OR YEHUDA, Israel, October 17, 2012 /PRNewswire/ –

Magic Software Enterprises Ltd. [http://www.magicsoftware.com/?utm_source=pr ]
(NASDAQ: MGIC [http://www.nasdaq.com/symbol/mgic ]), a global provider of software
platforms [http://www.magicsoftware.com/products?utm_source=pr ] for enterprise mobility
[http://www.magicsoftware.com/enterprise-mobility?utm_source=pr ], cloud applications
[http://www.magicsoftware.com/cloud-enabled-application-platform?utm_source=pr ], and
business integration
[http://www.magicsoftware.com/magic-xpi-integration-platform?utm_source=pr ], announced
today that it has been named to the 2012 Deloitte Israel Technology Fast 50
[http://www.deloitte.com/view/en_IL/il/industries/tmt/fast50/index.htm ], the ranking of
the 50 fastest-growing technology companies in Israel
[http://www.deloitte.com/view/en_IL/il/industries/tmt/fast50/index.htm ], for the second
consecutive year.

The Deloitte Technology Fast 50
[http://www.deloitte.com/view/en_IL/il/industries/tmt/fast50/index.htm ], one of Israel’s
foremost technology award programs, is a ranking of the country’s 50 fastest-growing
technology companies based on percentage growth over five years. The Fast 50 program
honors business growth, technological innovation and Israel entrepreneurial spirit.

“Being named to the 2012 Deloitte [http://www.deloitte.com ] Israel Technology Fast 50
for two years in a row is especially significant because it comes during challenging
economic times. As an established technology company, this achievement is testament to
Magic’s commitment to providing enterprise customers with smart, future-proof technology
[http://www.magicsoftware.com/technology?utm_source=pr ] and our determination to see them
succeed,” stated Guy Bernstein, CEO of Magic Software Enterprises. “We are proud of our
growth and expect it to continue thanks to our broad global presence
[http://www.magicsoftware.com/worldwide-offices-distributors?urm_source=pr ], strong
management team and high demand for our products and professional services spurred by the
very hot mobile enterprise [http://www.magicsoftware.com/enterprise-mobility?utm_source=pr
] market.”

“Because the Deloitte Brightman Almagor Zohar Fast 50 measures sustained revenue
growth over five years, being one of the 50 fastest-growing technology companies in Israel
is an impressive achievement,” said Tal Chen, partner in charge of the Deloitte Brightman
Almagor Zohar Israel Technology Fast 50 Program. “Magic deserves a lot of credit for its
remarkable growth.”

About Magic Software Enterprises

Magic Software Enterprises
[http://www.magicsoftware.com/investor-relations?utm_source=pr ] (NASDAQ: MGIC
[http://www.magicsoftware.com/investor-relations?utm_source=pr ]) empowers customers and
partners around the globe with smarter technology that provides a multichannel user
experience of enterprise logic and data.

For more information, visit http://www.magicsoftware.com
[http://www.magicsoftware.com/?utm_source=pr ].

Except for any historical information contained herein, matters discussed in this
press release might include forward-looking statements that involve a number of risks and
uncertainties. Regarding any financial statements, actual results might vary significantly
based upon a number of factors including, but not limited to, risks in product and
technology development, market acceptance of new products and continuing product
conditions, both locally and abroad, release and sales of new products by strategic
resellers and customers, and other risk factors detailed in Magic’s most recent annual
report and other filings with the Securities and Exchange Commission.

Magic has made every effort to ensure that the information contained in this press
release is accurate; however, there are no representations or warranties regarding this
information, including warranties of merchantability or fitness for a particular purpose.
Magic assumes no responsibility for errors or omissions that may occur in this press

Magic is a registered trademark of Magic Software Enterprises Ltd. All other product
and company names mentioned herein are for identification purposes only and are the
property of, and might be trademarks of, their respective owners.

Press Contact:

        Tania Amar | VP Global Marketing
        Magic Software Enterprises

SOURCE Magic Software Enterprises Ltd

Source: PR Newswire