Thai bank adds Magic's AppBuilder to banking development platform

Magic Software Enterprises Ltd. (NASDAQ: MGIC) reported that a top-tier Thai bank has selected Magic´s AppBuilder as part of its core banking development platform.

The selection process was facililted by one of AppBuilder´s key partners, a large European financial software group specializing in banking software systems.

“We welcome another major bank to our list of customers. AppBuilder´s track record of stability and robustness, with proven ability to supportms of transactions per day, makes it an exceptional solution for banking and financial organizations,” said Arik Killman, CEO of AppBuilder Solutions Ltd.

Magic Software Enterprises develops, markets, and supports application platforms for software development and deployment, and offers information technology professional services. The company was formerly known as Mashov Software Export Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems Ltd. The company´s website is at http://www.magicsoftware.com.

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