TEXT-Magic Software closes license sale to Vishay

(The following was issued by Israel’s Magic Software
Enterprises (MGIC.O: ) (MGIC.TA: )):

Feb 3 – Magic Software Enterprises Ltd (NASDAQ: MGIC), a
global provider of application platforms and business and
process integration solutions, today announced the
closing of an iBOLT business integration suite and uniPaaS
application platform software license sale to Vishay
Intertechnology, Inc., (NYSE:VSH), a Fortune 1,000 company and
one of the world’s largest manufacturers of discrete
semiconductors and passive electronic components.

Vishay Intertechnology selected Magic Software’s iBOLT
integration suite and uniPaaS application platform after a
proof-of-concept demonstrating agile development,
straightforward integration and reliability with their existing
data and systems such as SAP ERP R/3 and many others.

“Like many large enterprises, Vishay Intertechnology has
experienced healthy organic growth that if not managed properly
could result in business processes that are strained, inflexible
and complex due to diverse databases, operating systems and
business application software landscapes,” said Seth Slivka,
Senior Vice President of Global IT for Vishay.

“We will be able to use the business process integration
capabilities of iBOLT and the latest Rich Internet Applications
(RIA) of uniPaaS to present a single face to the customer. We
are sure that our decision will contribute to our operational
efficiency, revenue and profitability by leveraging our
investments in existing IT infrastructure.”

With more than 50 iBOLT adapters, wizards, services and
methods, iBOLT allows any size organization to create continuous
business processes based on SAP ERP R/3 and other enterprise
systems, while Magic Software’s meta-data based uniPaaS requires
only a single skill set to create applications that can deploy
with client-server, Web, mobile or browser-free RIA interfaces.

“This is a moment of pride for Magic Software adding Vishay
Intertechnology to a group of Fortune 1,000 companies using our
technology to empower their business,” said Regev Yativ,
President and CEO of Magic Software Enterprises Americas.

“Vishay has a stellar reputation for innovation and customer
service as well as a unique history and high reputation. We see
this deal as the first step in a strategic partnership
between the companies. In addition to the license sale announced
today, we look forward to assisting Vishay with professional
services and international support needed to accomplish their
vision and business goals for the coming years.”

iBOLT simplifies integration of business applications used
for enterprise resource planning (ERP), customer relationship
management (CRM), logistics, supply chain management and other
enterprise systems. iBOLT is based on Magic Software’s uniPaaS
application platform, which provides additional capabilities to
develop business applications that can deploy across diverse
operating systems, databases and various client types such as
web applications, browser-free RIA applications and
client-server programs.

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TEXT-Magic Software closes license sale to Vishay