Magic announces rapid RFID acceleration support in iBOLT integration suite.

Magic Software Enterprises (Nasdaq:MGIC), a provider of state-of-the-art business integration and development technology, announced today support for wireless radio frequency identification (RFID) compliance acceleration utilizing its iBOLT Integration Suite. The latest iBOLT release focuses

Recent compliance initiatives by Wal-Mart, Target, U.S. Department of Defense, Food and Drug Administration, and others, have made RFID an essential requirement in the integration industry. Regardless of where you sit in the supply chain--manufacturing, logistics, distribution or retail--IT departments need to focus quickly on how to comply with mandates and take advantage of the new supply chain efficiencies possible through RFID. These recent initiatives come at a time when many companies in the mid-market are still in the process of integrating EDI and XML supply-chain integration solutions.

Although RFID is designed to enhance supply chain security and reduce costs associated with manual processes, most companies have already invested in supply chain solutions prior to the introduction of RFID. RFID compliance will introduce new business rules, data types and data collection points, resulting in the need for significant adaptation of existing systems and integration of new technologies.

"iBOLT was designed from the beginning to adapt to new technologies and RFID is no exception," said Avikam Perry, vice president of research and development, at Magic Software. "iBOLT handles RFID processes on demand in synchronous, real time or batch processes depending on the customers requirements. The benefit of utilizing iBOLT to integrate RFID is that you not only achieve RFID compliance, you will have a paradigm for adapting to future supply chain technologies as well. It will also accelerate EDI and XML implementations."

"Supply Chain Integration will continue to generate demand for our technologies among manufacturers, distributors, logistics companies and retailers," said Menachem Hasfari, CEO of Magic Software Enterprises, Ltd. "iBOLT contributes to the enterprise agility necessary to adapt to evolving supply chain standards. Both mid-market and large enterprises should be interested in the cost savings attained through implementation of an enterprise integration framework."

Magic Software Enterprises, a subsidiary of Formula Systems (Nasdaq:FORTY), develops, markets and supports software development, deployment and integration technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners in approximately 50 countries.

Formula Systems is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products and producing computer-based solutions.