Pallas Athena Signs OEM Agreement with Magic Software

Online, September 8, 2010 (Newswire.com) - Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of cloud and on-premise application platform and business integration solutions, today announced that Pallas Athena has selected Magic Software's iBOLT code-free business integration platform for use in their BPM|one process management solution.

Pallas Athena is a global provider of BPM and Case Management software. Its innovative BPM|one solution brings simplicity to complexity, and empowers organizations to boost efficiency and increase agility. It allows for quick, flexible, and yet controlled business process changes. The partnership with Magic Software allows Pallas Athena to resell and incorporate a white label version of the iBOLT business integration suite.

"We are very pleased to confirm that Pallas Athena has selected iBOLT on an OEM and reseller basis for their BPM solution requirements," said John Verwaaijen, general manager for Magic Software Benelux. "A partnership with a company of Pallas Athena's size and reputation will open new doors for our specialist integration capabilities, both geographically and in a number of industry verticals."

"iBOLT's innovative integration capabilities allows our BPM|one customers to even better leverage their existing IT-systems. Using IBOLT's more than 50 certified adapters enables them to rapidly connect their end-to-end processes to a wealth of different applications. We chose iBOLT after a thorough investigation of the integration market. We were particularly impressed with its intuitive code-free approach that enables us to quickly build integration linkages and then adapt them to the changing needs of our customers." said John Hoogland, CEO and Co-Founder, Pallas Athena.

Pallas Athena is scheduled to release the newest BPM|one solution with the iBOLT business integration component in October 2010.

Notes for Editors
iBOLT's code-free approach is facilitated by a pre-compiled and pre-configured coding engine based upon Magic Software's 25 years of application development experience. This enables both simple and complex business processes to be designed and implemented quickly and easily - and also makes it more cost-efficient to assimilate and integrate future IT application acquisitions.

iBOLT is a code-free business and process integration suite. The product works seamlessly with solutions such as SAP Business One, SAP ERP, Salesforce.com, Oracle JD Edwards, IBM i applications and databases (AS/400), Lotus Notes applications, forms and databases, healthcare systems using HL7, Microsoft Dynamics CRM, Microsoft SharePoint, EDI systems, and many more.
iBOLT versions 2.5 and 3 have been certified by SAP. Magic Software is also the recipient of the "2005 Solution Partner Leadership in Innovation" award, the "2006 ISV Partner Quality Excellence Award" from SAP America and the "2008 Global Solution Partner Award" from SAP AG.
iBOLT is a Salesforce.com Appexchange certified product and Magic Software is a Salesforce.com AppExchange partner.
The iBOLT platform is used in hundreds of integration projects worldwide.