Dan Goldstein was born in Bucharest, Romania on June 19th, 1954. He immigrated to Israel with his family in 1960, and has lived there ever since. Goldstein displayed an outstanding talent for Mathematics, and after completing his first degree in Computer Science and Mathematics and a Masters degree in Business Administration, as well as a full military service, he studied for a Phd in Mathematics. However, in the middle of writing his Doctoral thesis on distributed networks, he changed course and founded Formula Software Services in 1980, providing professional software services to Israeli customers. By 1985 he expanded to other areas such as software products and consulting, and in 1985 he founded Formula Systems (1985) Ltd., as a holding corporation for his software products, services an