Matrix
- Company typePublic
- Founded2001
- HeadquartersHerzliya, Israel
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
Matrix firmographics
Firmographics- Name
- Matrix
- Legal name
- Matrix I.T Ltd. (מטריקס אי.טי. בע"מ)
- Website
- https://matrix.co.il
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Matrix industry classification
Industry- Product category
- IT Services and Technology Consulting
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Data Platform (Unified Data & Analytics) Suites (HDAEABAD)
- akta.pro secondary industries
- Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs) (HDAEANAH), Edge AI Deployment, Orchestration & OTA Model Updates (HDAAAJAI)
Keywords
Where Matrix is headquartered
LocationHeadquarters
- HQ city
- Herzliya
- HQ country
- Israel
- HQ region
- Middle East
Offices13 records
Markets served
Matrix business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Professional IT Services & Consulting: Matrix generates revenue primarily through professional IT services, technology consulting, and project-based engagements. Services include system integration, software development and implementation, infrastructure services, offshore/nearshore delivery, testing, training, and implementation. Revenue is generated through time-and-materials or fixed-price project contracts with enterprise clients.
- Software Representation & Value-Added Distribution: Matrix serves as a value-added distributor and representative for leading global software products, reselling and implementing enterprise software from vendors worldwide. Revenue derives from software distribution, implementation services, and ongoing support contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise IT services and consulting — pricing negotiated per project or engagement. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Matrix product offering
Product offeringCore offering
Matrix is an Israeli IT services and technology consulting firm that delivers end-to-end technology solutions, including enterprise software implementation (SAP, Salesforce, Oracle, Priority, Tafnit), AI and data analytics, cybersecurity, cloud infrastructure, DevOps, digital transformation, IoT security cameras, and value-added software distribution. The company serves enterprise and government clients across defense, finance, healthcare, public sector, retail, and high-tech verticals, with a global delivery model spanning 17+ countries and nearshore/offshore centers in India, Bulgaria, Macedonia, Ukraine, Hungary, and Guatemala.
Product overview
Matrix is a comprehensive IT services and technology consulting company offering a broad portfolio of services rather than a single unified product. The company operates as a services integrator providing enterprise software implementation (SAP, Salesforce, Oracle), AI and data analytics solutions, cybersecurity services, cloud infrastructure, DevOps, digital transformation, and specialized consulting across government, defense, healthcare, finance, and retail sectors. Key service lines include ERP implementation, CRM services, AI & Deep Learning research, Big Data & Analytics, Cyber & Security, Cloud Services, DevOps, Digital transformation, Testing & Automation, IoT Security Solutions (STQC-certified cameras), and various specialized consulting practices.
Differentiator
Problem solved
Functional benefit
Products and services
- ERP Services Enterprise Resource Planning implementation and consulting services, including SAP ERP, Priority ERP, and Tafnit ERP solutions for business process optimization across enterprise clients.
- CRM Services Customer Relationship Management services including Salesforce development, implementation, customization, and ongoing support (Apex, Lightning Web Components, Visualforce).
- AI & Deep Learning Services AI services including deep learning research, predictive analytics, generative AI solutions, natural language processing, cognitive document extraction, and custom AI model development for specialized business applications.
- Big Data & Analytics Big data processing, business intelligence, and advanced analytics services using Qlik, Power BI, Tableau, Snowflake, Informatica, and Talend for data warehousing and ETL/ELT processes.
- Cybersecurity Services Cybersecurity consulting, security architecture design, incident response, compliance services, regulations and compliance (GDPR, Basel), and BCP/DRP for enterprise and government clients.
- Cloud Services Cloud infrastructure services including AWS, Azure, and GCP implementations, cloud migration, hybrid cloud solutions, and government cloud offerings.
- DevOps Services DevOps services including CI/CD pipeline implementation, container orchestration (Docker, Kubernetes), infrastructure as code, and continuous delivery for enterprise applications.
- Digital Transformation Services Digital transformation services including web development, mobile applications, customer experience platforms, and modernization of legacy systems.
- Testing & Automation Services Software testing services including manual testing, test automation, quality assurance, and AI-assisted testing for enterprise applications.
- IoT Security Cameras (STQC-Certified) STQC-certified Network Cameras compliant with IoT security standards for government and public surveillance projects, positioned as Made-in-India solutions meeting cybersecurity, data protection, video recording, and durability standards.
- Software Representation (Value-Added Distribution) Value-added distributor and representative for leading global enterprise software products (SAP, Oracle, Salesforce, Microsoft), providing implementation, customization, and ongoing support as a reseller.
- RPA Services Robotic process automation services using the UiPath platform for business process automation, intelligent document processing, and AI-driven workflow automation.
- Call Center Solutions Call center solutions and services including customer experience management, contact center optimization, and omnichannel customer engagement for enterprise clients.
- Open Banking Hub Open banking hub solution for the financial services sector, enabling banking API integration and financial data exchange for banks and fintech organizations.
- WMS (Warehouse Management System) Warehouse Management System implementation and consulting services, including SAP EWM, for supply chain and logistics operations.
- Government Cloud Dedicated government cloud solution tailored for Israeli public sector clients, providing secure, compliant cloud infrastructure for government ministries and agencies.
Companies that use Matrix
Customer profileNamed customers35 records
Segments7 records
Ideal customer profiles6 records
Matrix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability9 records
Matrix partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Magic Software EnterprisescoreMatrix and Magic Software (both subsidiaries of Formula Systems) completed a merger creating one of the ten largest publicly traded IT services companies globally. Magic Software became a wholly owned private subsidiary of Matrix via a reverse triangular merger completed on February 24, 2026. Matrix holds an 18.68% ownership stake in Sapiens following Sapiens' acquisition by Advent.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Matrix competitors and assessment
Company assessmentRegional players
- SQLink Group: Israeli IT services and consulting firm serving enterprise clients with software development, integration and digital services. Closely comparable Israeli-region peer competing for many of the same enterprise and defense customers as Matrix.
- Malam-Team: One of Israel's largest IT services and solutions providers serving enterprise, defense and government customers. Directly comparable Israeli-market competitor in ERP, integration, defense IT and managed services.
Broad incumbents
- Infosys: Global IT services and consulting company with strong digital, cloud and AI practices. Directly comparable service portfolio and delivery model; one of Matrix's primary competitors for global enterprise transformation deals.
- Capgemini: Global IT services and consulting firm with strong European presence and digital/AI practices. Comparable service breadth across consulting, application services and managed operations, and a relevant competitor for Matrix's international enterprise accounts.
- Wipro: Global IT services and consulting firm with similar enterprise, BFSI and consumer verticals. Comparable full-lifecycle IT services offering and offshore delivery footprint, particularly relevant given Matrix's NASSCOM Platinum Partner status.
- Cognizant: Global IT services firm with strong financial services, healthcare and digital transformation practices. Directly comparable in target verticals and delivery model; competes with Matrix for enterprise digital and IT modernization engagements.
- Accenture: Global IT services and consulting leader offering strategy, digital, technology and operations services across all major verticals. Directly comparable to Matrix's end-to-end IT services model at much larger scale, and a key competitor for multinational enterprise contracts.
- Tata Consultancy Services (TCS): Largest Indian IT services firm with global delivery and deep enterprise relationships. Competes with Matrix's offshore-heavy delivery model in nearly every vertical Matrix serves, including banking, healthcare and government.
- DXC Technology: Global IT services and infrastructure provider with strong enterprise and public-sector footprint. Comparable in large-enterprise IT outsourcing, modernization and managed services, especially for regulated customers similar to Matrix's defense and finance clients.
- HCL Technologies: Indian-headquartered IT services major with comparable application, infrastructure, cybersecurity and digital services practices. A direct competitor for global enterprise IT services work and a reference benchmark for the NASSCOM ecosystem in which Matrix operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Matrix social profiles
Digital presenceMatrix compliance and trust
Trust signalCompliance2 records
Matrix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Matrix leadership team
Management profileNumber of profiles
Profiles5 records
Matrix subsidiaries and ownership
Company hierarchySubsidiaries2 records
Matrix funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Matrix M&A and investment
M&A and investmentM&A2 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Matrix
What does Matrix do?
Matrix is an Israeli IT services and technology consulting firm that delivers end-to-end technology solutions, including enterprise software implementation (SAP, Salesforce, Oracle, Priority, Tafnit), AI and data analytics, cybersecurity, cloud infrastructure, DevOps, digital transformation, IoT security cameras, and value-added software distribution. The company serves enterprise and government clients across defense, finance, healthcare, public sector, retail, and high-tech verticals, with a global delivery model spanning 17+ countries and nearshore/offshore centers in India, Bulgaria, Macedonia, Ukraine, Hungary, and Guatemala.
Is Matrix a public or private company?
Matrix is a public company. It is classified as public and is currently operating.
When was Matrix founded?
Matrix was founded in 2001. It employs 5,001 to 10,000 people.
Where is Matrix based?
Matrix is headquartered in Herzliya, Israel, in the Middle East region.
How does Matrix make money?
Two revenue lines are on record. Professional IT Services & Consulting is the primary driver. The others are software Representation & Value-Added Distribution.
Who are Matrix's main competitors?
Regional players on record are SQLink Group and Malam-Team. Broad incumbents are Infosys, Capgemini, Wipro, Cognizant, Accenture, Tata Consultancy Services (TCS), DXC Technology and HCL Technologies.
Does Matrix have an API?
No public API is recorded for Matrix.
What industry is Matrix in?
Matrix's product category is IT Services and Technology Consulting. Its primary akta.pro industry code is HDAEABAD, Data Platform (Unified Data & Analytics) Suites, with a secondary code of HDAEANAH, Enterprise AI Data & Knowledge Platforms (Vector Databases, Knowledge Graphs). Its NAICS code is 54151 and its SIC code is 7370.