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Matrix IT Ltd. was founded in 2001 and has been led since its inception by CEO Moti Gutman. The company focuses on providing information technology services, software development, and systems integration to the public and enterprise sectors. Headquartered in Herzliya, Israel, Matrix is publicly traded on the Tel Aviv Stock Exchange under the ticker MTRX and is a constituent of the TA-125 index. It operates as a subsidiary of Formula Systems. The company employs over 11,000 people globally, with the vast majority located in Israel, including thousands of ultra-Orthodox (Haredi) women employed at dedicated development and testing centers in cities like Modi'in Illit and Beit Shemesh.

Rather than relying on a single off-the-shelf software product, Matrix operates as an IT services and projects organization. Its primary activities include systems integration, cloud migration, cybersecurity, software testing, and custom application development. The customer base heavily consists of Israeli government ministries, the IDF and defense establishment, major Israeli banks, and healthcare organizations. Matrix secures work through government tenders, long-term retainer contracts, and consulting engagements. In addition to in-house development, Matrix serves as a local distributor and integration partner for international technology vendors.

The company's operations are divided into several specialized divisions and subsidiaries. John Bryce Training serves as the company's primary technology education and certification arm. Matrix Global provides offshore and nearshore outsourcing services for software development and QA. Another subsidiary, Infinity Labs R&D, operates intensive software engineering bootcamps and placement programs. Recently, Matrix has operated as a consulting and migration contractor under the Israeli government's Project Nimbus, which aims to transition public sector and military IT infrastructure to cloud environments.

In the Israeli IT and systems integration market, Matrix competes directly with local players such as Malam Team, Ness Technologies, and One Software Technologies. Matrix operates as one of the two largest IT services firms in Israel by headcount and domestic revenue. The company actively pursues an expansion strategy through the acquisition of local boutique firms specializing in data engineering, DevOps, digital transformation, and cybersecurity, enabling it to broaden the services offered to its existing enterprise client base.

Matrix maintains a broad geographic footprint within Israel that includes its Herzliya headquarters, major offices in Petah Tikva and Jerusalem, and dedicated technical centers in Modi'in Illit. The company hires across virtually every technological discipline, including backend and frontend developers, DevOps engineers, systems analysts, data engineers, and QA testers. Due to its integration into the core IT systems of the Israeli government and IDF, a significant portion of its workforce is required to hold active security clearances.

matrix (ממשלה)

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