Exhibit 8.1
| C. | Organizational Structure |
The following table sets forth the legal name, location and country or state of incorporation and percentage ownership of our subsidiaries as of December 31, 2022:
| Subsidiary Name | Country of Incorporation |
Ownership Percentage |
||||
| Magic Software Japan K.K | Japan | 100 | % | |||
| Magic Software Enterprises Inc. | Delaware | 100 | % | |||
| Magic Software Enterprises (UK) Ltd (shares held by Magic Software Enterprises Netherlands B.V.) | United Kingdom | 100 | % | |||
| Hermes Logistics Technologies Limited (shares held by Magic Software Enterprises (UK) Ltd) | United Kingdom | 100 | % | |||
| Magic Software Enterprises Spain Ltd (shares held by Magic Software Enterprises Netherlands B.V.) | Spain | 100 | % | |||
| Coretech Consulting Group, Inc. (shares held by Magic Software Enterprises Inc) | Pennsylvania | 100 | % | |||
| Coretech Consulting Group LLC (shares held by Magic Software Enterprises Inc) | Delaware | 100 | % | |||
| Fusion Solutions LLC. (shares held by Coretech Consulting Group LLC) | Delaware | 100 | % | |||
| Fusion Technical Solutions LLC. (shares held by Fusion Solutions LLC) | Delaware | 49 | % | |||
| Xsell Resources Inc. (shares held by Coretech Consulting Group LLC) | Pennsylvania | 100 | % | |||
| Magic Software Enterprises (Israel) Ltd | Israel | 100 | % | |||
| Magic Software Enterprises Netherlands B.V. | Netherlands | 100 | % | |||
| Magic Software Enterprises France (shares held by Magic Software Enterprises Netherlands B.V.) | France | 100 | % | |||
| Magic Beheer B.V. (shares held by Magic Software Enterprises Netherlands B.V.) | Netherlands | 100 | % | |||
| Magic Benelux B.V. (shares held by Magic Beheer B.V.) | Netherlands | 100 | % | |||
| Magic Software Enterprises GMBH (shares held by Magic Software Enterprises Netherlands B.V.) | Germany | 100 | % | |||
| Magic Software Enterprises India Pvt. Ltd | India | 100 | % | |||
| Onyx Magyarorszag Szsoftverhaz (shares held by Magic Software Enterprises Netherlands B.V.) | Hungary | 100 | % | |||
| Magix Integration (Proprietary) Ltd | South Africa | 100 | % | |||
| AppBuilder Solutions Ltd | United Kingdom | 100 | % | |||
| Complete Business Solutions Ltd | Israel | 100 | % | |||
| Datamind Technologies Ltd (shares held by Complete Business Solutions Ltd) | Israel | 100 | % | |||
| CommIT Technology Solutions Ltd | Israel | 77.8 | % | |||
| CommIT Software Ltd (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 100 | % | |||
| CommIT Embedded Ltd (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 75 | % | |||
| Valinor Ltd. (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 100 | % | |||
| Dario Solutions IT Ltd (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 100 | % | |||
| Quickode Ltd (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 100 | % | |||
| Twingo Ltd (shares held by Comm-IT Technology Solutions Ltd.) | Israel | 60 | % | |||
| 9540 Y.G. Soft I.T Ltd. (shares held by CommIT Software Ltd.) | Israel | 60 | % | |||
| Pilat Europe Ltd. | United Kingdom | 100 | % | |||
| Pilat (North America), Inc. | New Jersey | 100 | % | |||
| Roshtov Software Industries Ltd | Israel | 80 | % | |||
| BridgeQuest Labs, Inc. (shares held by BridgeQuest, Inc.) | North Carolina | 100 | % | |||
| BridgeQuest, Inc. (shares held by Magic Software Enterprises Inc.) | North Carolina | 100 | % | |||
| Allstates Consulting Services LLC (shares held by Magic Software Enterprises Inc.) | Delaware | 100 | % | |||
| F.T.S. - Formula Telecom Solutions Ltd. | Israel | 100 | % | |||
| FTS Bulgaria Ltd. (FTS Global Ltd.) (shares held by F.T.S. - Formula Telecom Solutions Ltd.) | Bulgaria | 100 | % | |||
| Comblack IT Ltd | Israel | 80.1 | % | |||
| Yes-IT Ltd. (shares held by Comblack IT Ltd) | Israel | 100 | % | |||
| Shavit Software (2009) Ltd. (shares held by Comblack Ltd) | Israel | 100 | % | |||
| Infinigy (UK) Holdings Limited | United Kingdom | 100 | % | |||
| Infinigy (US) Holding Inc (shares held by Infinigy (UK) Holdings Limited) | Georgia | 100 | % | |||
| Infinigy Solutions LLC. (shares held by Infinigy (US) Holding Inc) | Georgia | 100 | % | |||
| Infinigy Engineering LLP (shares held by Infinigy Solutions LLC.). | Georgia | 100 | % | |||
| Skysoft Solutions Ltd. (shares held by CommIT Embedded Ltd.) | Israel | 75 | % | |||
| Futurewave Systems, Inc. (shares held by Fusion Solutions LLC.) | Georgia | 100 | % | |||
| OnTarget Group, Inc | North Carolina | 100 | % | |||
| NetEffects, Inc. (shares held by Coretech Consulting Group LLC) | Missouri | 100 | % | |||
| PowWow Inc. | California | 100 | % | |||
| BA Microwaves Ltd. | Israel | 56.67 | % | |||
| Stockell Information Systems Inc. | Missouri | 100 | % | |||
| Mobisoft Ltd. | Israel | 73.75 | % | |||
| Magic Hands B.V. | Netherlands | 100 | % | |||
| Knowledge & Solutions Software B.V. | Netherlands | 100 | % | |||
| Aptonet, Inc. | Georgia | 100 | % | |||
| Comm-IT USA, Inc. | Delaware | 100 | % | |||
| Subsidiary Name | Country of Incorporation |
Ownership Percentage |
||||
| Comblack Municipal Services Ltd. | Israel | 70 | % | |||
| Shavit Human resource Ltd. | Israel | 100 | % | |||
| Menarva Ltd. | Israel | 100 | % | |||
| Enable IT LLC. (shares held by Coretech Consulting Group LLC) | Delaware | 100 | % | |||
| Enable IT Consulting Services Canada Inc. (shares held by Enable IT LLC.) | Canada | 100 | % | |||
| Appush Technologies Ltd (Formerly known as Vidstart Ltd) | Israel | 80.1 | % | |||
| Appush Inc. (Shares held by Appush Technologies Ltd) | Delaware | 100 | % | |||
| The Goodkind Group, LLC | New York | 100 | % | |||
| Goodkind Hospitality, LLC | Delaware | 100 | % | |||
| Intrabases SAS | France | 100 | % | |||
| Roshtov Software Industries Ltd | Israel | 80 | % | |||
| BridgeQuest Labs, Inc. (shares held by BridgeQuest, Inc.) | North Carolina | 100 | % | |||
| BridgeQuest, Inc. (shares held by Magic Software Enterprises Inc.) | North Carolina | 100 | % | |||
| Allstates Consulting Services LLC (shares held by Magic Software Enterprises Inc.) | Delaware | 100 | % | |||
| F.T.S. - Formula Telecom Solutions Ltd. | Israel | 100 | % | |||
| FTS Bulgaria Ltd. (FTS Global Ltd.) (shares held by F.T.S. - Formula Telecom Solutions Ltd.) | Bulgaria | 100 | % | |||
| Comblack IT Ltd | Israel | 80.1 | % | |||
| Yes-IT Ltd. (shares held by Comblack IT Ltd) | Israel | 100 | % | |||
| Shavit Software (2009) Ltd. (shares held by Comblack Ltd) | Israel | 100 | % | |||
| Infinigy (UK) Holdings Limited | United Kingdom | 100 | % | |||
| Infinigy (US) Holding Inc (shares held by Infinigy (UK) Holdings Limited) | Georgia | 100 | % | |||
| Infinigy Solutions LLC. (shares held by Infinigy (US) Holding Inc) | Georgia | 100 | % | |||
| Infinigy Engineering LLP (shares held by Infinigy Solutions LLC.). | Georgia | 100 | % | |||
| Skysoft Solutions Ltd. (shares held by CommIT Embedded Ltd.) | Israel | 75 | % | |||
| Futurewave Systems, Inc. (shares held by Fusion Solutions LLC.) | Georgia | 100 | % | |||
| OnTarget Group, Inc | North Carolina | 100 | % | |||
| NetEffects, Inc. (shares held by Coretech Consulting Group LLC) | Missouri | 100 | % | |||
| PowWow Inc. | California | 100 | % | |||
| BA Microwaves Ltd. | Israel | 56.67 | % | |||
| Stockell Information Systems Inc. | Missouri | 100 | % | |||
| Mobisoft Ltd. | Israel | 73.75 | % | |||
| Magic Hands B.V. | Netherlands | 100 | % | |||
| Knowledge & Solutions Software B.V. | Netherlands | 100 | % | |||
| Aptonet, Inc. | Georgia | 100 | % | |||
| Comm-IT USA, Inc. | Delaware | 100 | % | |||
| Comblack Municipal Services Ltd. | Israel | 70 | % | |||
| Shavit Human resource Ltd. | Israel | 100 | % | |||
| Menarva Ltd. | Israel | 100 | % | |||
| Enable IT LLC. (shares held by Coretech Consulting Group LLC) | Delaware | 100 | % | |||
| Enable IT Consulting Services Canada Inc. (shares held by Enable IT LLC.) | Canada | 100 | % | |||
| Appush Technologies Ltd (Formerly known as Vidstart Ltd) | Israel | 80.1 | % | |||
| Appush Inc. (Shares held by Appush Technologies Ltd) | Delaware | 100 | % | |||
| The Goodkind Group, LLC | New York | 100 | % | |||
| Goodkind Hospitality, LLC | Delaware | 100 | % | |||
| Intrabases SAS | France | 100 | % | |||