In the same year, the company was acquired by Formula Systems, headed by Dan Goldstein, and in 2001 it merged with IOL, a similar site run by the Ha'aretz Group.
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Soon afterwards Formula Systems acquired control of the company, while the founder retained some of his shares and continued to serve as the company's CEO until 1996, when its name was changed to Crystal Systems Solutions and it went public on Nasdaq under the leadership of Dan Goldstein and his brother Gad.