Last updated on April 16, 2014 at 1:21 EDT

Magic Software Establishes Technology Partnership with GigaSpaces

April 17, 2013

Magic Integrates GigaSpaces In-Memory Computing Technology to Ensure Future-Readiness for Customers

OR YEHUDA, Israel, April 17, 2013 /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 established a technology partnership with GigaSpaces Technologies
[http://www.gigaspaces.com ], a pioneer of next-generation application and cloud
enablement platforms for business-critical applications.

The partnership with GigaSpaces upholds Magic’s commitment to provide its customers
with future-ready solutions [http://www.magicsoftware.com/technology?utm_source=pr ],
providing optimal performance in light of increasing demands for big data
[http://www.magicsoftware.com/magic-xpi-integration-platform?utm_source=pr ], cloud
computing [http://www.magicsoftware.com/cloud-enabled-application-platform?utm_source=pr
], and the exponential growth of transactions as enterprises mobilize
[http://www.magicsoftware.com/enterprise-mobility?utm_source=pr ] their business processes.

“We are excited to integrate GigaSpaces’ XAP in-memory computing
[http://www.gartner.com/newsroom/id/2405315 ] (IMC) technology into Magic’s technology
stack [http://www.magicsoftware.com/technology?utm_source=pr ]. By combining our
technologies, we will enable our customers to be cloud-ready and enjoy the benefits of
high performance, scalability and availability that can be achieved with in-memory
computing technology, all with a seamless migration effort and virtually no learning
curve,” said Eyal Pfeifel, CTO at Magic.

“We are happy to join forces with a visionary partner, such as Magic, that recognizes
the value that in-memory computing brings to addressing current and forthcoming IT
challenges,” said Adi Paz, EVP of Business Development & Marketing at GigaSpaces. “Magic
is one of a growing number of software companies who are using in-memory computing
[http://www.magicsoftware.com/magic-xpi-integration-platform?utm_source=pr ] technologies
inside their products. The ‘in-memory computing inside’ approach enables their users to
benefit from IMC advantages with minimal impact on their existing applications and

Gartner’s Top 10 Technology Trends, 2013: In-Memory Computing Aims at Mainstream
Adoption report published January 31, 2013 states, “Increasing use of in-memory computing
(IMC) application infrastructure technologies as enablers inside multiple types of
software and hardware products will result in rapid IMC adoption by mainstream,
risk-averse IT organizations.”

About GigaSpaces Technologies

GigaSpaces Technologies [http://www.gigaspaces.com ] is the pioneer of a new
generation of application virtualization platforms and a leading provider of end-to-end
scaling solutions for distributed, mission-critical application environments, and cloud
enabling technologies. Hundreds of organizations worldwide are leveraging GigaSpaces’
technology to enhance IT efficiency and performance, including Global Fortune 500
companies, from top financial service enterprises, e-commerce companies, online gaming
providers, and telecom carriers.

For more information, please visit http://www.gigaspaces.com

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