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wholemessage='<P><span class="newssmall">December 1, 2011<br /><a class="news" href="/press/2011/forty120111.htm">Notice Of Annual General Meeting Of Shareholders To Be Held On January 8, 2012</a></span></P><P><span class="newssmall">November 10, 2011<br /><a class="news" href="/press/2011/forty111011.htm">Formula Systems Reports Third Quarter Results for 2011</a></span></P><P><span class="newssmall">November 9, 2011<br /><a class="news" href="/press/2011/spns110911.htm">Sapiens Reports Q3 2011 Results: Q3 Revenues Grow 35% Year Over Year</a></span></P><P><span class="newssmall">November 2, 2011<br /><a class="news" href="/press/2011/magic110211.htm">Magic Software Breaks Performance Records with Q3 Revenue of $30 Million and Net Income of $4 Million, an Increase of 60% Year over Year</a></span></P><P><span class="newssmall">August 21, 2011<br /><a class="news" href="/press/2011/spns082111.htm">Sapiens, FIS and IDIT Complete Merger Transaction</a></span></P><P><span class="newssmall">August 18, 2011<br /><a class="news" href="/press/2011/forty081811.htm">Formula Systems Reports Second Quarter Results for 2011</a></span></P><P><span class="newssmall">August 10, 2011</span><br />  <a class="news" href="/press/2011/spns081011.htm">Sapiens Reports Q2 2011 Results: Q2 2011 Year Over Year Revenues Grow 14%; Net Income Grows 15%</a></P><P><span class="newssmall">August 3, 2011</span><br /><a class="news" href="/press/2011/magic080311.htm">Magic Software Reports Record-Breaking Performance with $3.5 Million Net Profit, an Increase of 84% Year over Year</a></P><P><span class="newssmall">July 21, 2011</span><br /><a class="news" href="/press/2011/spns210711.htm">Sapiens, IDIT and FIS Sign Definitive Agreement to Merge; Merged Company to Become a Major Global Insurance Solutions Provider</a></P><P><SPAN CLASS=newssmall>May 17, 2011</SPAN><BR />  <a class=news href="/press/2010/forty051711.htm">Formula Systems Announces Distribution of Cash Dividend</a></P><P><SPAN CLASS=newssmall>May 12, 2011</SPAN><BR /><a class=news href="/press/2010/forty051211.htm">Formula Systems Reports First Quarter Results for 2011: OPERATING INCOME INCREASED BY 11% TO REACH $12.2MILLION</a></P><P><SPAN CLASS=newssmall>May 12, 2011</SPAN><BR /> <a class=news href="/press/2010/spns051211.htm">SAPIENS Reports Q1 2011 Results: Revenues Grow 12% In Q1 2011 Year Over Year</a></P><p><span class="newssmall">April 28, 2011<br /><a class="news" href="/press/2011/magic042811.htm">Magic Software Reports Record-Breaking Operating Results in the First Quarter of 2011</a></span></p><p><span class="newssmall">March 18, 2011<br /><a class="news" href="/press/2011/forty031811.htm">Formula Systems Reports Fiscal Year 2010 Results; Revenues in 2010 Increased by 17%; Operating Income in 2010 increased by 27%; Net Income From Continuing Operation in 2010 Increased by 29%</a></span></p><p><span class="newssmall">February 22, 2011<br />    <a class="news" href="/press/2011/spns220211.htm">Sapiens Reports 25% Revenue Growth in Q4 2010 Reaching $14.7M; 2010 Non-GAAP Operating Profit Reached $8.3M</a></span></p><P><span class="newssmall">February 2, 2011<br /><a class="news" href="/press/2011/magic020211.htm">Magic Software Reports Record Results for Q4 and Full Year 2010</a></span></p><P><span class="newssmall">December 2, 2010<br /><a class="news" href="/press/2010/forty120210.htm">Formula Reports of a Change in the Board of Directors</a></span></p>';

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