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The management of Elad Software opened trading this morning on TASE in celebration of its listing on TASE. Elad Software is the fourth company to join TASE since the beginning of the year.
Elad Software Systems is a well-established company with four decades of experience, specializing in IT solutions and services in Israel. The company excels in end-to-end IT project management and execution, offering comprehensive support to customers at every step of the process.
Elad is a prominent and seasoned provider of software solutions and services in the Israeli market. Over the past four years, it has been Israel’s top service provider in the development, implementation, integration, and maintenance of CRM systems.
With a workforce spanning 1,300 employees and a client base exceeding 500, Elad continues to strengthen its market presence. Recently, the company adopted a dividend distribution policy, allocating up to 50% of its annual net profit to shareholders.
The company successfully raised NIS 80 million on TASE, reflecting a company valuation of NIS 370 million.
Elad is listed in the High-Tech Subsector of TASE’s Technology and Information Services Sector.
Dagan Halevy, CEO of Elad Software Systems, said: “Today’s Opening Bell Ceremony marks a big step forward for Elad. Over the past few years, the company has experienced significant growth, achieving a leadership position in the CRM, Digital, and Data industries. As a public company, we will continue to develop our growth momentum and deliver high-value business solutions to our clients. In today’s dynamic technology arena, as new developments emerge daily, particularly in the company’s areas of focus, with an emphasis on AI—we are filled with hope and excitement for the future."
Adiv Baruch, Chairman of the Board of Directors of Elad Software Systems, said: "Today marks a significant strategic milestone in our journey towards growth and innovation. The IPO will allow us to raise additional resources to boost growth and enhance the activity of our strategic growth engines, which will allow Elad Software Systems to venture into new technologies and global markets. We aim to maintain our market leadership and provide our clients with the most advanced solutions. We thank all our employees, investors, and customers for their support and trust."
Anat Geron, Listing Unit Manager at TASE, said: "TASE’s High-Tech Sector is the largest sector on the TASE, with 188 companies and a market cap of NIS 334 billion. We encourage companies of all sectors to join TASE this year and contribute to Israel’s economic development—especially during this challenging time. We wish the company’s management and employees continued growth and success for the benefit of investors and the Israeli economy as a whole."
In the picture from right to left: Adiv Baruch, Chairman of the Board of Directors of Elad Software Systems; Dagan Halevy, CEO of Elad Software Systems; Yoash Trokman, Owner and Director at Elad Software Systems; Elad Tiran, Owner and Director at Elad Software Systems; Hadas Glander, Director at Elad Software Systems; Tomer Drori, EVP CRM Division at Elad Software Systems; Uzi Yaari, EVP Digital Division at Elad Software Systems; Oren Henig, EVP Data Division at Elad Software Systems; Zvika Lugasi, EVP Outsourcing Division at Elad Software Systems; Zviki Goldberg, Chief Strategy Officer at Elad Software Systems; Inbal Cinman, Senior HR Executive at Elad Software Systems; Yosi Dalal, CFO at Elad Software Systems; Shiri Tasman, VP of Marketing at Elad Software Systems; Eliav Bar-David, Leumi Partners; Ofer Greenbaum, IBI; Ilan Gerzi, Pearl Cohen; Yaniv Cohen, BDO; Ittai Ben Zeev, TASE CEO, and Anat Geron, Listing Unit Manager at TASE.
Photography credit: Alisa Vysokaya, authorized for use for no consideration.
