Business and technologyדני גולדשטיין

Dan Goldstein

Dan Goldstein was an Israeli software entrepreneur who founded Formula Systems and built it into a group of technology companies.

1954 to 2022Founding Formula SystemsAcquiring the Mashov GroupCo-founding the Foraz venture fund

Born: 19 June 1954, Bucharest
Died: 9 June 2022
Occupation: entrepreneur, businessperson
Education: Tel Aviv University
Founded: Formula Systems (1985) Ltd. (1985)

Dan Goldstein was born in 1954 in Bucharest

Dan Goldstein was born in Bucharest, Romania, in 1954. He moved to Israel with his family in 1960.

He earned a BA in mathematics and computer science and an MA in business administration at Tel Aviv University. He served in the Air Force. He began a PhD on distributed systems but did not finish it.

In 1980 he set up Formula Software Services, and in 1985 he founded Formula Systems (1985) Ltd. as a holding company. He bought control of firms such as Eichut Computers, Idan, Applicom, Wiztech, Crystal and Nikuv Computers. With Liraz he founded the venture capital fund Foraz, and later he founded Formula Ventures and took control of Sapiens.

In 1998 he acquired control of the Mashov Group, which included Magic Software Enterprises, Babylon and Walla! Communications. He sold Formula Systems in 2006. He chaired the Public Companies Association in Israel and died in 2022.