Revised:  06/23/2007

HERMES Logistics Technologies

HERMES Logistics Technologies Limited is a subsidiary of Magic Software Enterprises Limited (www.magicsoftware.com) a NASDAQ traded public company (MGIC). HERMES Logistics Technologies is backed and guaranteed by Magic Software Enterprise Limited.

Based out of the UK, HERMES Logistics Technologies has a core staff Air Cargo specialists with over 100 years of accumulated experience in the industry. Coupled with software professionals and implementation experts HERMES Logistics Technologies is capable of delivering quality cargo solutions to customers around the world.

Magic Software Enterprises

Magic Software Enterprises is a global player in the software market, with representation in more than 50 countries. It has approximately 500 employees worldwide, including around 170 employees in research and development of current and future technology. Magic Software's customers include thousands of ISVs, system integrators, and corporations worldwide, who are supported by an extensive global service organization. In addition to leading edge technology, we also provide our customers with consulting and professional services, and education.

Quoted itself on NASDQ (MGIC), Magic Software is a subsidiary of Formula Systems Ltd (NASDAQ: FORTY), a global information technology company primarily engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and providing computer-based business solutions.

Of MSE’s 500 employees, around 300 are directly involved with the underlying Magic application development technology upon which HERMES is based and the innovative iBOLT Enterprise Application Integration product. Of these, over 200 are in implementation and Professional Services who have the skills to support  HERMES customers.