EX-8.1 3 f20f2021ex8-1_formulasys.htm LIST OF SUBSIDIARIES

Exhibit 8.1

List of Subsidiaries

Name of Subsidiary |  | Jurisdiction of Incorporation
InSync Staffing Services, Inc. |  | Delaware
Matrix IT Ltd. |  | Israel
Magic Software Enterprises Ltd. |  | Israel
Michpal Micro Computers (1983) Ltd. |  | Israel
Sapiens International Corporation N.V. |  | Cayman Islands
TSG Advanced IT Systems, Ltd |  | Israel
Ofek Ariel Photography Ltd |  | Israel
Zap Group |  | Israel