Exhibit
10.1
PRESS
RELEASE
Magic
Software Appoints Hadas Gazit-Kaiser as its
Chief
Financial Officer
Or Yehuda, Israel, January 5, 2009 - Magic Software
Enterprises Ltd. (NASDAQ: MGIC), a leading provider of application platforms,
and business and process integration solutions, today announced that Mr. David
Zigdon, its Chief Financial Officer (CFO) has stepped down from his position.
Ms. Gazit-Kaiser, a board member of Magic Software, replaces Mr. Zigdon as
the Company's CFO.
Ms.
Gazit-Kaiser joins Magic Software from Emblaze, an affiliate company of Magic
Software, where she has served as the CFO since December 2006. Prior to
that, Ms. Gazit-Kaiser served as the Vice President Finance of Emblaze and the
CFO of Emblaze Mobile. Prior to joining Emblaze, Mrs. Gazit-Kaiser was a member
of TTI Telecom International (NASDAQ:TTIL) where she came after acting as a
manager at Ernst & Young Global (Kost, Forer Gabbay & Kasierer). Ms.
Gazit-Kaiser holds a BA in Economics and Accounting and an MBA degree in
Finance, both from Tel Aviv University, and is a Certified Public
Accountant in Israel.
"I would
like to thank David for his contribution to Magic Software," said Guy Bernstein,
Active Chairman of Magic Software. "David played an important part in defining
our 2008 financial focus and in ensuring profitability over the past
year."
"I am
pleased to welcome Hadas to her new role," added Mr.
Bernstein. “She brings with her a great deal of financial leadership
experience as well as hands-on knowledge of Magic Software’s business from her
previous role. Hadas will have a key role in implementing our
short-term and longer-term strategic and financial goals. I am
confident that Hadas will be a significant and valuable addition to our team,”
concluded Mr. Bernstein.
About
Magic Software
Magic
Software Enterprises Ltd. (NASDAQ: MGIC) is a leading provider of multiple-mode
application platform solutions – including Full Client, Rich Internet
Applications (RIA) or Software-as-a-Service (SaaS) modes - and business and
process integration solutions. Magic Software has offices in 10
countries and a presence in over 50, as well as a global network of ISV’s,
system integrators, value-added distributors and resellers, and consulting and
OEM partners. The company’s award-winning code-free solutions give
partners and customers the power to leverage existing IT resources, enhance
business agility and focus on core business priorities. Magic
Software’s technological approach, product roadmap and corporate strategy are
recognized by leading industry analysts. Magic Software has partnerships with
global IT leaders including SAP AG, salesforce.com, IBM and
Oracle. For more information about Magic Software Enterprises and its
products and services, visit www.magicsoftware.com.
Magic
Software is a subsidiary of Formula Systems in the Emblaze Group of
companies.
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.
Contacts:
Amit
Birk, VP
General
Counsel and Corporate Secretary
Magic
Software Enterprises Ltd.
Tel. +972
3 538 9292