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MAGIC SOFTWARE BUILDS FOR THE FUTURE WITH MAJOR INTEGRATION
SOFTWARE GRANT TO PENN STATE UNIVERSITY
USING THE IBOLT INTEGRATION PLATFORM, PENN STATE INFORMATION SCIENCE AND
TECHNOLOGY STUDENTS WILL LEARN ABOUT BUSINESS CRITICAL INTEGRATION TECHNOLOGY
OR YEHUDA, ISRAEL, OCTOBER 15, 2007 - Magic Software Enterprises (NASDAQ: MGIC),
a leader in enterprise application development, deployment and integration
technology, announced today that it has awarded a major grant of its iBOLT(TM)
and eDeveloper(TM) software to Penn State University, one of the ten largest and
most prestigious universities in the United States, to be used on more than 120
servers for courses beginning with the fall semester 2007.
Penn State students will have access to the Magic iBOLT business integration
product in courses designed to show how disparate computer software can work
together, integrating business processes in today's most effective business
environments. iBOLT will also help Penn State University students learn to solve
common business systems problems, such as duplicate data entry, lack of
information, and cumbersome interfaces that frustrate many business
professionals today. The iBOLT integration suite from Magic Software falls into
a category of software known as business process management (BPM) and is
commonly used for enterprise application integration (EAI).
"One of the most important areas of information technology today is the
integration of disparate data and information from a wide variety of sources,"
said Dr. Alan Peslak, a computer scientist at Penn State who has conducted
research into the economic and societal impact of information technology. "To
allow students to understand technology that can ease integration issues, iBOLT
software from Magic Software will be used as an integration platform. Students
will develop and deploy business process integration solutions utilizing the
iBOLT Business Integration Suite to focus on comprehensive organizational
solutions. In this way our IST students will learn some of the most sought after
skills for IT professionals. iBOLT is planned to enhance our IST Integration and
Application Option," concluded Dr. Peslak.
The Magic iBOLT Integration Suite is an intuitive and easy to use a product that
includes a visually oriented design studio. Within this environment students can
drag and drop business objects to an integration flow and then drill-down to
configure those objects in a manner consistent with desired business rules. The
major types of business applications that require integration include Enterprise
Resource Planning (ERP), Customer Relationship Management (CRM), and Supply
Chain Management (SCM) software.
"We are honored to award one of the ten largest and most prestigious
universities in the United States a software grant that will enable them to
teach students the principles of smoothly integrated business software without
the need for programming," said Eitan Naor, CEO of Magic Software. Part of our
corporate policy is to ensure that the next generation business users will have
the knowledge of, and experience with, such business critical technology. "Penn
State University joins a number of prestigious organizations worldwide, such as
the United Nations, Allstate, UPS, and thousands of others who use our software
to develop and integrate business applications. Our partnerships with other
major software companies such as IBM, Oracle and SAP have provided us with a
vast base of experience upon which to base our integration technologies."
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.
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PRESS CONTACT:
GLENN JOHNSON
Executive Vice President
Magic Software Enterprises, Inc.
gjohnson@magicsoftware.com
Phone: +1 949.250.1718 ext. 203
Cell: +1 949.735.1862
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
MAGIC SOFTWARE ENTERPRISES LTD.
(Registrant)
BY: /S/ EITAN NAOR
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Eitan Naor
President and CEO
Date: October 15, 2007