iBOLT to replace the medical high-tech company’s existing integration platform and will be used in a number of further integration projects

OR-YEHUDA, Israel — Magic Software Enterprises Ltd. (Nasdaq: MGIC), a global provider of application platforms and business and process integration solutions, today announced that it has signed a contract with Tecan AG, the market leader in automated laboratory storage and logistics systems, for the supply of Magic Software’s iBOLT business and process integration suite.

Using the iBOLT platform, Tecan AG will integrate their on-premise SAP R/3 ERP applications with their on-demand Salesforce.com data to provide full data synchronization for employees and management.

“We are particularly pleased with this project win, as the iBOLT integration suite was chosen to replace Tecan’s existing integration platform,” said Stephan Romeder, general manager for Magic Software Germany, Austria and Switzerland. “iBOLT was selected because it allows future changes to an integration to be made simply, without the need for a hard-code re-write, thus saving the enterprise time and considerable expense.”

With their CRM and ERP data systems integrated, Tecan AG’s staff and management will benefit from a real-time view of their corporate and customer information.

The iBOLT business integration suite integrates and orchestrates the data between diverse business processes and applications. Featuring a code-free approach, iBOLT enables simple and complex business processes to be designed and implemented easily, without working through pages of hard code.

When completed, Tecan AG plans a number of further integration projects using the iBOLT suite.

iBOLT Business Integration Suite Resources

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About Tecan

Tecan (www.tecan.com) is a leading global provider of laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics. The company specializes in the development, production and distribution of automation solutions for laboratories in the life sciences sector. With its subsidiary REMP (www.remp.com), Tecan is the market leader in automated laboratory storage and logistics systems. Its clients include pharmaceutical and biotechnology companies, university research departments and diagnostic laboratories. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both North America and Europe and maintains a sales and service network in 52 countries.

About Magic Software

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of multiple-mode application platform solutions – including Full Client, Rich Internet Applications (RIA), Mobile 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 and its products and services, visit www.magicsoftware.com, and for more about our industry related news, business issues and trends, read the Magic Software Blog.

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.