Matrix IT Ltd

Category: Challenging

Israeli IT services company providing surveillance technology for Palestinian population control, settlement infrastructure, and military AI systems, listed in UN OHCHR settlement business database

Listing: TASE HQ: Israel Website Updated: 6 Jan 2026

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Decision-Maker Directory

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Company Leadership
Executive Team
Executive team overseeing IT services operations across government and commercial sectors
Public contact: Via corporate website or investor relations
Investor Relations
Formula Systems (Parent Company)
48.9% stake held by Formula Systems, owned by Polish Asseco Poland
Public contact: Via Formula Systems investor relations

Material Risk Framing

Frame your message around business risks. These talking points resonate with corporate stakeholders and institutional investors.

Legal & Compliance

Listed in UN OHCHR database since 2020; provides biometric surveillance systems for Palestinian checkpoints; settlement-based operations violate international law; designated supervised defence industry by Israeli Ministry of Defense

Financial & Investor

Tel Aviv Stock Exchange listed (MTRX); $1.67B annual revenue; subsidiary of Formula Systems (owned by Polish Asseco Poland); international investment at risk from ESG screening

Reputational & Brand

UN database listing; documented Palestinian surveillance technology (Meitar biometric system, Wisdom Stone monitoring); military AI development for 'automatic target identification'

Operational & Supply Chain

Deep Israeli government integration; Project Nimbus partner providing cloud to Ministry of Defense; services to banking, telecom, and public sector create broad economic footprint

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Comparison Legend

Direct MatchClear substitute for the same product/service
CheaperLower cost option
Better QualityProven superior performance/reliability
More EthicalAvoids human rights, labour, or environmental harm
SustainableStronger eco credentials (materials, energy, lifecycle)
Local SupplierSupports domestic/regional economy instead of Israel
Palestine-FriendlyExplicitly supportive or aligned with justice for Palestine

Strategic Analysis

In-depth assessment of the company's position, vulnerabilities, and recommended approaches for effective engagement.

CHALLENGING PRIORITY TARGET MONITORING TARGET Strategic Vulnerability → Severity → Severity: 8.5, Vulnerability: 4.5

High severity, lower vulnerability — requires long-term divestment pressure

Learn about our methodology — companies are categorised based on severity (harm potential) vs strategic vulnerability (campaign leverage).

Why do these scores change?

Unlike static boycott lists, our targeting model is dynamic. This company's position on the matrix is re-evaluated continually as we verify new contracts, divestments, or policy changes. Your reporting directly impacts this score.

Matrix IT represents a critical node in Israel's occupation infrastructure, providing the technological backbone for Palestinian population control and military operations. The company's involvement spans from biometric surveillance systems at checkpoints to military AI development for "automatic target identification on the future battlefield." With $1.67 billion in annual revenue and 11,570 employees, Matrix IT is deeply embedded in Israeli government operations, from the Ministry of Defense to the prison service.

Key Leverage Points

  • UN Database Listing: Official OHCHR documentation since 2020 provides authoritative basis for divestment and exclusion campaigns
  • Polish Parent Company: Formula Systems ownership by Asseco Poland creates EU regulatory and reputational pressure points
  • Documented Surveillance Role: Meitar biometric system and Wisdom Stone data collection directly enable Palestinian population control at checkpoints
  • Military AI Development: "Automatic target identification" systems and defence contractor services link to ongoing military operations
  • Settlement Physical Presence: Modi'in Illit subsidiary provides concrete evidence of international law violations

Evidence Summary

The evidence against Matrix IT is comprehensive and well-documented. Who Profits and AFSC Investigate provide detailed records of contracts including the Meitar biometric checkpoint system (NIS 136,663 contract, September 2024) and Wisdom Stone surveillance system (NIS 804,960 contract, January 2024). The company's Modi'in Illit subsidiary, established in 2005 and originally named "Talpiot" after the IDF elite programme, demonstrates physical presence in illegal settlements. Leadership includes a retired IDF major general who commanded forces in the occupied West Bank. The company has been designated a supervised defence industry by the Israeli Minister of Defense, with Who Profits documenting increased military activity since October 2023.

Engagement Strategy

Target Asseco Poland as the ultimate parent company through EU regulatory pressure and Polish institutional investor engagement. Use UN OHCHR database listing as authoritative source for pension fund and institutional divestment campaigns, particularly in European markets. Document the biometric surveillance role to engage human rights organisations and technology ethics advocates. Challenge Matrix IT's participation in international IT industry events and partnerships. Support campaigns highlighting the company's role in checkpoint infrastructure and military AI development. Target banking and telecom clients (Israel Discount Bank documented) with information about their supplier's occupation role. Engage IT procurement professionals through industry channels on ethical sourcing and human rights due diligence requirements.

Evidence & Sources

Verified sources including NGO reports, regulatory filings, and primary documents. Use these to substantiate your correspondence.

Filing
2024-09-01
Meitar System Contract - NIS 136,663

Contract for Palestinian biometric checkpoint system equipment, September 2024

Open source
NGO
2024-01-01
Who Profits: Matrix IT Profile

Documents settlement operations, Meitar biometric system, Wisdom Stone surveillance, military AI development, and Project Nimbus participation

Open source
Corporate Statement
2024-01-01
Matrix IT Defence Sector Designation

Designated as supervised defence industry by Israeli Minister of Defense; increased military activity since October 2023

Open source
Filing
2024-01-01
Wisdom Stone Contract - NIS 804,960

Contract for system analysts and computing consultants for Palestinian data collection system, January 2024

Open source
NGO
2022-08-24
AFSC Investigate: Matrix IT Profile

Documents IT services to Ministry of Defense, military, Rolling Stone system, and settlement operations in Modi'in Illit

Open source
Official Doc
2020-02-12
UN OHCHR Settlement Business Database

Matrix IT listed among companies operating in illegal Israeli settlements due to Modi'in Illit subsidiary

Open source

Updates & Milestones

  1. Ongoing Surveillance Contracts

    Continued contracts for Meitar biometric system and Wisdom Stone Palestinian data collection

  2. Increased Military Activity

    Who Profits documents increased activity following start of Gaza offensive operations

  3. Prison Service Infrastructure

    NIS 10 million contract for Israel Prison Service server farm infrastructure

  4. Ariel University Contract

    Subsidiary provides computing services to Ariel University in occupied West Bank settlement

  5. UN Database Publication

    Listed in initial UN OHCHR database of companies involved in settlement activities

  6. IDF Cyber Training Contract

    John Bryce subsidiary wins 3-year tender for IDF cyber security and information security training

  7. Settlement Subsidiary Established

    Matrix I.T. Global Services Ltd. (formerly Talpiot) established in Modi'in Illit settlement, named after IDF elite training programme

  8. Company Founded

    Matrix IT Ltd incorporated in Israel

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