OR YEHUDA, Israel, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq:MGIC), a leading provider of application platform and business and process integration solutions, announced today that it has been positioned in the Visionaries Quadrant of three Gartner Magic Quadrants including:
* Magic Quadrant for Application Infrastructure for Back-End
Application Integration Projects(1)
* Magic Quadrant for Application Infrastructure for SOA
Composite Application Projects(2)
* Magic Quadrant for Application Infrastructure for New
Systematic SOA Application Projects(3)
In all three reports, Magic Software was recognized for its 'Completeness of Vision' and 'Ability to Execute'.
According to Gartner: "A software vendor's ability to execute in any market indicates the provider's attained industry, market presence and reputation, the record of its business and technical execution, and the degree to which it has delivered the essential core functionality expected from a competitive product in the specified market."(3)
The reports also states that: "The fundamental indication of a software vendor's completeness of vision in any market is the degree to which the vendor anticipates and influences prevailing market trends.
"It is my belief that Magic Software's position in all three Gartner Quadrants is a positive confirmation of our corporate vision and proof of the success of our strategy and execution," said Avigdor Luttinger, Magic Software's Vice President of Corporate Strategy. "The evolution of our technology to support high growth areas such as RIA, Cloud Computing and SaaS was well timed and we believe we are now favorably positioned to provide the fastest, most cost-effective and easy-to-use solutions whether it's for building and deploying advanced business applications and integrating diverse business applications."
About the Magic Quadrant
The Magic Quadrants are copyrighted 2008 by Gartner, Inc. and are reused with permission. The Magic Quadrant is a graphical representation of a marketplace at, and for, a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
The Magic Software Enterprises Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5524
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.
(1) Jess Thompson et al., December 19th 2009 (2) Massimo Pezzini et al., December 19th 2009 (3) Yefim V. Natis et al., December 19th 2009