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Magic Software Appoints Two New Members to its Board of Directors

OR YEHUDA, Israel, Aug. 9 /PRNewswire-FirstCall/ -- Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art business integration and development technology, today announced the appointment of two new members to its board of directors. The company's board of directors appointed Eitan Naor and Hadas Gazit Kaiser as directors until the next annual shareholders' meeting.

OR YEHUDA, Israel, Aug. 9 /PRNewswire-FirstCall/ — Magic Software Enterprises (Nasdaq: MGIC), a leading provider of state-of-the-art business integration and development technology, today announced the appointment of two new members to its board of directors. The company's board of directors appointed Eitan Naor and Hadas Gazit Kaiser as directors until the next annual shareholders' meeting.

Eitan Naor also serves as Magic Software's president and CEO.

Hadas Gazit Kaiser is Group Chief Financial Officer of Emblaze Ltd. Ms Gazit Kaiser's previous roles at Emblaze include vice president of finance for the entire group and chief financial officer of Emblaze Mobile. She is a Certified Licensed Public Accountant and holds an MBA in Finance and a BA in Economics and Accounting.

About Magic Software Enterprises

Magic Software Enterprises (Nasdaq: MGIC) has been a leader in enterprise application development, deployment and integration technology for more than two decades. The company's service-oriented (SOA) platforms are used by companies worldwide to develop, maintain, and deploy both legacy and new business solutions, while integrating these applications across both internal and external, heterogeneous environments. Magic Software's platform- independent methodology lets companies achieve agility by quickly assembling composite applications, allowing programmers to create services and architects and business analysts to orchestrate and reuse these services to enable business processes. Through partnerships with industry leaders such as IBM and SAP and more than 2500 ISVs worldwide, Magic Software technology is used by more than 1.5 million customers around the globe.

Magic Software is a subsidiary of the Formula Systems and Emblaze Group of companies.

For more information on Magic Software Enterprises and its products and services, visit www.magicsoftware.com.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may 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 here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Company Contact: Amit Birk VP, General Counsel and Corporate Secretary Magic Software Enterprises Ltd. +972-3-538 9322 abirk@magicsoftware.com

SOURCE Magic Software Enterprises Ltd.

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