Magic Software and AOD Announce Appointment Of Aric Agmon As AOD's President & CEO
Or Yehuda, Israel (July 26, 2005) - Magic Software Enterprises (Nasdaq: MGIC), a
leading provider of state-of-the-art business integration and application development technology, and
its subsidiary Answers On Demand (AOD) Inc. of Fort Lauderdale, Florida, a leading developer of IT
solutions to the Long Term Care industry, announced today the appointment of Aric Agmon as AOD's
President & CEO, effective immediately.
Aric Agmon previously served in AOD as VP Business Development. He also served as
AOD's VP Sales & Marketing and more recently as VP Operations. Aric joined Magic's HQ in Israel in
1999 and moved to AOD in Florida in 2001.
Aric brings with him twenty years of international experience in the high tech
industry. Prior to Magic, Aric held senior international management positions with Hitachi Data
Systems Europe and IBM Europe and has been involved in acquisitions of close to twenty companies in
Europe, Asia and North America. Aric has a B.A. in Economics from the Hebrew University of Jerusalem
and an MBA with a major in Marketing and Management Information Systems.
"Aric's long and successful experience in managing IT operations and his business
development abilities convinced us that he is the right person to lead AOD into its next phase of
growth" said Menachem Hasfari, CEO of Magic Software. "AOD has increased its sales four fold since
its acquisition by Magic in 2000, making it a major player in the Long Term Care (LTC) industry in
the U.S. I'm sure Aric will contribute to AOD's continued success".
About Magic Software Enterprises
Magic Software Enterprises, Ltd. (www.magicsoftware.com/),
a subsidiary of Formula Systems (Nasdaq: FORTY), develops, markets and supports software development,
deployment and integration technology that enables enterprises to accelerate the process of building
and deploying applications that can be rapidly customized and integrated with existing systems.
Magic technology, applications and professional services are available through a global network of
subsidiaries, distributors and Magic solutions partners in approximately 50 countries. The Company's
WW HQ is located in Or Yehuda, Israel, its EMEA HQ offices are located in Houten, the Netherlands,
and its North American HQ is located in Laguna Hills, California.
About Answers On Demand (AOD )
AOD, Inc. (www.GetAOD.com) develops, markets and supports IT
solutions for the Long Term Care industry. The company now serves over 650 sites across the U.S with
Elite, its 44 module integrated suite. Elite consists of all financial, clinical and operational
solutions to meet the information management needs of Continued Care Retirement Communities (CCRC),
Assisted Living facilities, Nursing Homes, Home Health agencies, Retirement homes and Independent
Living facilities. Magic acquired AOD in 2000 and it now owns 84% of AOD's outstanding equity. AOD's
corporate HQ is located in Fort Lauderdale, Florida with regional offices in Appleton, Wisconsin.
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
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