Wed Oct 28, 2009 8:37am EDT
Clinical Financial Services Uses Magic Software's iBOLT to Manage and
Integrate Critical Business Processes for Cloud Computing Infrastructure
Business Integration Suite Provides Ongoing Automation of
Software-as-a-Service Payment Solutions and Integration with On-Demand
Customer Data
IRVINE, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Magic Software Enterprises
Ltd. (Nasdaq: MGIC), a provider of application platforms and business process
integration solutions, today announced that Clinical Financial Services, LLP
(CFS) is using the iBOLT Business Integration Suite to manage complex
integration requirements for its Software-as-a-Service (SaaS)-based ePayment
solution. iBOLT also helps CFS provide a completely cloud-based business
intelligence solution for its customers by automating invoice payment and
forecasting processes.
"At CFS, we manage thousands of clinical trial agreements, and our ability to
deliver a high-quality and cost-effective service to our customers is based on
our key technology partners such as Magic Software," said Glen Slater, CIO for
CFS. "iBOLT helps us provide superior business intelligence to our customers
and gives us a strong competitive advantage in our industry."
iBOLT seamlessly connects CFS' proprietary ePayment solution with other key
processes and integrates data from the Salesforce.com CRM system and SAP
Business One ERP system. A close working relationship with technology partner
Accelbus Systems LLC lets CFS quickly adapt iBOLT-driven workflows and process
changes required by customers. The complex integration between the cloud and
on-premise data is simplified by iBOLT and helps CFS maintain ongoing access
to real-time data flows and offer enhanced capabilities to its customers.
Furthermore, iBOLT also helps CFS extend its technology applications to SaaS
and cloud computing environments.
"Magic Software is committed to helping customers anticipate market trends and
drive maximum value from their technology investments so they stay ahead of
the competition," said Regev Yativ, president and CEO of Magic Software
Americas. "CFS has effectively solidified their market leadership position by
automating their key business processes and providing customers with intuitive
business intelligence and information that's vital to the operation of their
businesses."
CFS offers payment and contract management services that support clinical
research organizations, pharmaceutical sponsors and biotech companies. Since
August 2007, the company has processed thousands of payment transactions to
clinical research sites around the world using Magic Software's iBOLT,
providing the SaaS and cloud integration needed to achieve a fully hosted
solution.
iBOLT Resources
-- White Paper: Maximizing benefits from SaaS via integration
-- Video: How to integrate with iBOLT in 6 easy steps
-- Find out more about iBOLT
-- iBOLT Brochure
-- iBOLT customer stories
For more about Magic Software's "Get IT together" Seminar, please visit:
http://www.getittogether.us.
About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a leading provider of
multiple-mode application platform solutions - including Full Client, Rich
Internet Applications (RIA) or Software-as-a-Service (SaaS) modes - and
business and process integration solutions. Magic Software has offices in 10
countries and a presence in more than 50, as well as a global network of
ISV's, system integrators, value-added distributors and resellers, and
consulting and OEM partners. The company's award-winning code-free solutions
give partners and customers the power to leverage existing IT resources,
enhance business agility and focus on core business priorities. Magic
Software's technological approach, product roadmap and corporate strategy are
recognized by leading industry analysts. Magic Software has partnerships with
global IT leaders including SAP AG, Salesforce.com, IBM and Oracle. For more
information about Magic Software and its products and services, visit
www.magicsoftware.com, and for more about our industry related news, business
issues and trends, read the Magic Software Blog.
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.
Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks
are the trademarks of their respective owners.
Press Contacts:
USA UK
Cathy Caldeira Ranbir Sahota
Metis Communications Vitis PR Agency
Tel: +1-617-236-0500 Tel: +44 (0)121 242 8048
Email: magicsoftware@metiscomm.com Email: ranbir@vitispr.com
Others
Arita Mattsoff
Magic Software
Tel: +972 (0)3 538 9292
Email: arita@magicsoftware.com
SOURCE Magic Software Enterprises Ltd.
USA, Cathy Caldeira of Metis Communications, +1-617-236-0500,
magicsoftware@metiscomm.com; or UK, Ranbir Sahota, +44 (0)121 242 8048,
ranbir@vitispr.com; or Arita Mattsoff of Magic Software, +972 (0)3 538 9292,
arita@magicsoftware.com
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