Magic Software, MGIC, has landed a carrier deal. Kddi, a leading Japanese Telecom company pushing to grow its domestic and global business services, will use Magic Software platform to "push" Salesforce.com's enterprise platform to mobile devices. As I said before, we will see acceleration of these services because they boost employee productivity with very little investment.
You can read my earlier post on MGIC to see what the balance sheet and revenue profiles look like. As I said before, I think, at a minimum, the value of MGIC should be in the 7's (slow growth economy) to as high as the 20's (high growth economy).
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