Established in 1997, Intercomp is a leading international tool developer
and service provider for analysis, reengineering and migration of legacy
application systems. Its family of products is further enhanced by a
solid methodology, providing a combination of technology and project
management expertise. A subsidiary of Crystal Systems (Nasdaq: "CRYS"),
Intercomp is a Formula Group Company (Nasdaq: "FORTY"), the largest
and most successful software group headquartered in Israel.
Formula Systems is the largest Israeli publicly traded Information Technology
company. By the end of Q2 1999, the Formula Group - its subsidiaries
and affiliated companies - numbered more than 3500 employees with revenues
for H1 1999 close to $160M, compared to $260M for the entire year of
1998. Formula has developed partnerships with leading players in a broad
range of fields, including BAAN Company, Cincinnati Bell Information
Systems Inc., EDS, Cooper Industries Inc., Informix Software Inc., Logica
Plc., I&T S.p.A, and others. A partial list of Formula's key customers
includes AT&T, Bell Atlantic, Dow Chemical, Ford Motors, Nissan Motors,
Keycorp, Kraft Food, Pratt & Whitney, ABB, Deutsche Bank, Deutsche Telekom,
GEC Alsthom, ECI Telecom, Telecom Asia and others.
Crystal Systems Solutions provides software tools and services that
perform complex conversion projects for mainframe and non-mainframe
systems. Crystal's tools and conversion methodologies are designed for
application changes such as Year 2000, euro currency conversion, field
expansion as well as technological changes such as platform migration
or language upgrades.