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Leading Industry Analyst Positions iBOLT in Application Platform Suites (APS) Magic Quadrant

Or Yehuda, Israel  (August 12, 2004) - Magic Software Enterprises (NASDAQ: MGIC), a leading provider of state-of-the-art development and integration technology, announced today that its integration suite iBOLT, has been placed in the newest Gartner Research Magic Quadrant for Application Platform Suites (APS), 2Q04, Y. Natis, et al, June 30, 2004.

By Gartner definition, "APS are integrated assemblies of three fundamental runtime technologies - a reusable business software (components and services) deployment platform, business integration, and multi channel user interaction".

Magic technology comprises all of the above, and therefore can compete in the APS vendor space, leveraging its total experience and customer base.

Magic Software, whose products have been adopted by a large number of ISVs, has provided APS components since 1999. These have been packaged into a formal APS product in 2003 by releasing the iBOLT platform, specifically focused on composite application scenarios.

"We feel achieving this recognition from Gartner further demonstrates that iBOLT can deliver complex integration solutions based on its extensive experience in this field," said Avigdor Luttinger, Head of iBOLT at Magic Software." We are confident that the iBOLT Integration Suite can provide for any integration needs and Magic has the track record to prove this."

For system integrators and solution providers, iBOLT's open, standards-based  service  oriented  architecture provides the means to ease integration  project pains while growing their businesses. iBOLT's unified, comprehensive integration framework offers advanced business integration, process management and activity monitoring capabilities, that benefit both integrators  and  customers  with rapid project development and deployment, lower implementation and maintenance costs, and  increased  customer satisfaction.


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