In 2001, Magic released "eDeveloper" (Rohan), a graphical, rules-based, and event-driven framework that offered a pre-compiled engine for database business tasks and a wide variety of generic runtime services and functions. In February 2000, it raised over $100 million and traded at a company valuation of $1 billion. In 1998, Magic was acquired by the Formula Group, headed by Dan Goldstein. In mid-1995, the first version of Magic for Windows was released. During this period, the company developed a close relationship with IBM, focusing on AS/400 systems. In 1991, the company changed its name to "Magic Software Enterprises" (retaining the acronym: MSE) and became the first Israeli software company to go public on the NASDAQ. The product was used by many large organizations, including the Israel Defense Forces. During the 1980s, the company grew due to its sales of the DOS and UNIX platforms. The Magic platform was originally designed and developed by Jonathan (Yoni) Hashkes, along with Miko Hasson who was responsible for programme management. Mashov’s major innovation was a metadata-driven approach to programming that required no compiling or linking, and also allowed instantaneous debugging.
#Unipaas programmer generator#
The new company was originally named "Mashov Software Export (MSE)", and developed software for the global market, specifically an application generator named Magic. Magic Software Enterprises was founded in 1983 by David Assia and Yaki Dunietz as a spin-off from "Mashov Computers", a publicly traded Israeli company that provided business solutions on microcomputers. It is listed on the NASDAQ Global Select (NASDAQ: MGIC) and is also listed on the Tel Aviv Stock Exchange TA-100 Index. Magic Software Enterprises Ltd is a global enterprise software company headquartered in Or Yehuda, Israel.