Unique Software Industries

Company Overview

Snapshot

Founded in May 1989, Unique Software Industries operates with 11–50 employees. The company was acquired by Formula Systems in November 2019.

Business overview

Unique Software Industries specializes in providing payroll software solutions across various modules, catering to a diverse range of industries. Its core products, including Shaonit, Hishuvit, Namer, and +Unique, serve markets such as government offices, banks, insurance companies, high-tech firms, construction companies, and hotels. The company operates within the Fintech & Insurtech sector, focusing on financial operations software and workforce management.

Strategic signal

In November 2019, Unique Software Industries was acquired by Formula Systems for approximately NIS 61 million. This acquisition signals a strategic consolidation within the financial operations software market, indicating Formula Systems' intent to expand its capabilities in payroll solutions and strengthen its market position by integrating Unique's established client base and product offerings.

Company Intelligence Q&A

What was the key strategic event for Unique Software Industries?

Unique Software Industries was acquired by Formula Systems in November 2019 for approximately NIS 61 million.

What is Unique Software Industries' primary business?

Unique Software Industries provides payroll software solutions on different modules for a variety of industries.

Which markets does Unique Software Industries serve?

The company serves government offices, banks, insurance companies, high-tech companies, construction companies, and hotels, handling over 100,000 payrolls a month.

What are some of the products offered by Unique Software Industries?

Unique Software Industries offers products such as Shaonit, Hishuvit, Namer, and +Unique.

What is the employee count for Unique Software Industries?

Unique Software Industries operates with 11–50 employees.