For those that think there are no big Israeli companies, Israel’s Formula Systems controls three Israel companies – Matrix IT, Magic Software and Sapiens. Together they employ thousands of IT experts and sell products and services in hundreds of countries. They are very profitable – and growing.
http://www.formulasystems.com/group-structure
http://www.globes.co.il/serveen/globes/docview.asp?did=1000894151&fid=1725