Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)

Competitors to Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)

Check Point Software Technologies Ltd. 

Check Point Software competes with Formula Systems by focusing on cybersecurity solutions, which has become increasingly critical in the digital transformation era. While Formula Systems offers broader software solutions, Check Point specializes in security, giving them a niche but highly relevant competitive edge in a growing market. Their long-standing reputation in cybersecurity and innovation in threat prevention gives Check Point a competitive advantage in terms of brand trust and expertise.

Matrix IT

Matrix IT competes with Formula Systems primarily by offering a broader suite of IT services, including IT outsourcing, software development, and consulting. Both companies focus on providing innovative technological solutions, but Matrix IT has positioned itself as a leader in integration and managed services, allowing it to capture a significant share of the market. With a larger operational scale and diversified service offerings, Matrix IT can leverage economies of scale, giving them a competitive advantage over Formula Systems.

Nice Systems Ltd. 

Nice Systems utilizes advanced analytics and AI to enhance customer engagement and data management, competing indirectly with Formula Systems in areas such as financial services and customer relationship management. While Formula Systems provides a range of enterprise software solutions, Nice's specific focus on improving business performance through data analytics gives it a competitive advantage in sectors where data-driven solutions are essential.

Oracle Corporation 

Oracle competes with Formula Systems by providing a complete suite of cloud services and enterprise software solutions. Oracle has a strong emphasis on database management systems and cloud computing which positions them advantageously as businesses transition to the cloud. Their significant investment in R&D and vast client base ensures they maintain a competitive edge over Formula Systems, particularly in enterprise solutions.

SAP SE 

SAP competes with Formula Systems on a global scale by offering comprehensive enterprise resource planning (ERP) solutions. SAP's established products, such as SAP S/4HANA, provide extensive functionalities that appeal to large enterprises, which can overshadow Formula Systems’ offerings in the same domain. The vast resources, brand recognition, and extensive client base of SAP give it a significant competitive advantage, particularly in large-scale implementations.