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The uniPaaS application platform will enable Bank Leumi to improve their application and data security, as well as to develop and deploy advanced banking software, including rich Internet applications that boost the functionality and user experience of locally installed software.
Magic Software CEO Yoram Aharon said, "Since the release of uniPaaS nearly a year ago, many Israeli businesses have upgraded their older Magic Software platforms to the latest uniPaaS model."
Magic's share closed at $1.75 on Nasdaq yesterday, giving a market cap of $56 million. The share rose 3.2 percent by midday today on the TASE to NIS 6.56.
To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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