Topicus Signs a $2.3 Million, Five-Year Term License Agreement with Magic Software

Deal dramatically broadens capabilities of EuroPort+, Topicus’ core financial wealth management platform, by leveraging Magic’s Solutions

Or Yehuda, Israel, July 25, 2018 (GLOBE NEWSWIRE) --  . (and ), a global provider of end-to-end and platforms and IT consulting services, announced today that , a provider of innovative, pay-as-you-go, cloud-based banking software, has signed a $2.3 million, five-year term license agreement for the use of its Magic xpa Application Platform and Magic xpi Integration Platform.

Magic xpa has been a core application platform in the development of EuroPort+, the Netherlands’ leading banking platform for wealth management, which Topicus acquired with its purchase of Able B.V. in 2017. EuroPort+ securely processes millions of accounts and investment portfolios and savings accounts, and the processing of hundreds of thousands of transactions per hour.

Topicus will continue to use the newest versions of Magic xpa Application Platform in EuroPort+ to extend its cloud application, as well as pursue new opportunities to leverage Magic xpi Integration Platform.

The contract also includes an agreement to jointly promote and offer Topicus financial solutions worldwide.

“Magic xpa has been successfully used by our subsidiary, Able, for many years, and we are excited to leverage the platform’s capabilities for other Topicus applications. We’re also looking forward to benefiting from Magic xpi Integration Platform in support of our organization’s global business plan,” said Clint van Haalen, Fintech CEO at Topicus.

“We are pleased to have been chosen to help facilitate the enhancement and expansion of Topicus’ offerings across the globe, thanks to our long term relationship with Able. This multi-year contract is further evidence to our customers’ ongoing satisfaction with our easy-to-use products that help organizations meet their digital transformation objectives,” said Guy Bernstein, CEO of Magic Software Enterprises.

About Topicus

Topicus is an innovative IT services provider in the finance, education, healthcare, and the public sector. The company specializes in chain integration, Software as a Service (SaaS) and process management. Topicus Fintech is a front runner in creating connected banking concepts with state-of-the art Fintech solutions in mortgages, pensions, business lending, wealth management and financial advise.

About Magic Software Enterprises

is a global provider of powerful and versatile end-to-end and platforms.

With over 30 years of experience, 24 regional offices, millions of installations worldwide, and strategic alliances with global IT leaders, Magic enables its customers to seamlessly adopt new technologies and maximize business opportunities. Magic collaborates closely with its customers and thousands of business partners in 50 countries to accelerate their business performance.

Except for any historical information contained herein, matters discussed in this press release might include forward-looking statements that involve a number of risks and uncertainties. Regarding any financial statements, actual results might 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 locally and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in Magic's most recent annual report and other filings with the Securities and Exchange Commission.

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