EX-8 15 exhibit_8.htm 20-F

EXHIBIT 8

List of Subsidiaries

Name of Subsidiary
Jurisdiction of Incorporation
 
Matrix IT Ltd. Israel
Magic Software Enterprises Ltd. Israel
BluePhoenix Solutions Ltd. Israel
nextSource Inc. United States
Sapiens International Corporation N.V. Netherlands Antilles Islands
Formula Vision Technologies (F.V.T.) Ltd. Israel