Magic's Application Development Platform Continues to Dominate the Japanese Market in License Sales

OR YEHUDA, Israel, April 11, 2018 /PRNewswire/ --  Magic Software Enterprises Ltd. (NASDAQ: MGIC)  (TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT consulting services, announced today that, for the third consecutive year, Magic Software's Magic xpa application development platform gained top market share in license sales in the Japanese market. According to the "Market Research for Next Generation Extra-Rapid Development Tools in 2018" published by MIC Research Institute Ltd., the Magic xpa Application Platform grew 2% achieving a 41% share of the Japanese market.

Magic Software has over 30 years of experience improving  productivity for IT teams developing and  deploying business applications. Through over 800 partners in Japan, business applications developed by Magic xpa have been introduced to over 40,000 companies and have been used in more than 300 types of business application software packages.

"This recognition of our market leadership confirms the quality and reliability of Magic Software's Magic xpa application development platform," stated Toshio Sato, President at Magic Software Japan. "Magic Software's technology delivers on the promise of agile development, which requires ultra-fast development of quality software to adjust quickly to fast changing business processes."

MIC Research Institute Ltd

Established in 1991, MIC Research Institute has focused on marketing researches in the IT and Telecommunications industries. The company provides top-class knowledge resources in these fields in Japan.

For more information visit: www.mic-r.co.jp

About Magic Software Enterprises

Magic Software Enterprises empowers customers and partners around the globe with smarter technology that provides a multichannel user experience of enterprise logic and data.

For more information, visit www.magicsoftware.com.

Magic has made every effort to ensure that the information contained in this press release is accurate; however, there are no representations or warranties regarding this information, including warranties of merchantability or fitness for a particular purpose. Magic assumes no responsibility for errors or omissions that may occur in this press release.Magic is a registered trademark of Magic Software Enterprises Ltd. All other product and company names mentioned herein are for identification purposes only and are the property of, and might be trademarks of, their respective owner.

Press Contact
Debbie Sarig | Content & PR Manager
Magic Software Enterprises
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SOURCE Magic Software Enterprises Ltd

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