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Company details

Formula Systems (1985) Ltd. ADR represents the American Depositary Receipts for Formula Systems, an Israeli-based company specializing in IT solutions and software services. The primary function of this ADR is to allow U.S. investors to gain exposure to Formula Systems' shares trading on the Tel Aviv Stock Exchange without dealing directly in foreign markets. Formula Systems is renowned for offering comprehensive IT solutions, covering various sectors such as telecommunications, financial services, manufacturing, and government sectors. It operates through its subsidiaries, providing a diverse range of services, including software development, system integration, IT infrastructure, and consulting services. By owning THIS ADR, investors can indirectly participate in the growth of the Israeli tech industry, which is increasingly recognized for its innovation and entrepreneurship. Formula Systems plays a significant role in enhancing organizational efficiencies and digital transformation through its cutting-edge solutions, thus holding a notable position within the global IT service sector. The ADRs facilitate easier trading, dividend collection, and voting rights comparable to those of direct shares, making them a convenient option for investors looking to diversify their portfolios with international assets.