- Agreement Provides Capita with Modernised IT Systems to Reduce Costs and Increase ROI for Their Customers
- Working with Capita Significantly Strengthens BluePhoenix’s Presence and Reach in the UK Market
HERZLIYA, Israel – May 6, 2008 — BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, today announced the signing of a partnership agreement with Capita Life & Pension Services, a division of Capita Group [CPI.L], one of the UK's leading provider of integrated professional support service solutions.
Capita Life & Pensions Services is a clear leader in the outsourced life and pensions market where they support a growing number of life assurance companies and consolidators. Under the partnership agreement, BluePhoenix will provide legacy modernisation tools and services to one of Capita’s key contracts in support of their business transformation program. Specifically, BluePhoenix will provide Capita with tools, services and support for modernising mainframe systems, applications and databases such as IDMS, to more modern platforms and technology including .NET and SQL Server.
“BluePhoenix is very excited to work with Capita Life & Pension Services, the leader in the UK life and pensions outsourcing market,” said Arik Kilman, CEO of BluePhoenix. “We will use our extensive experience in modernisation and in re-hosting applications and databases to provide comprehensive and proven solutions to meet the requirements of Capita’s customers.”
“Capita is delighted to be entering this partnership with BluePhoenix, with whom we have already starting working to modernise legacy systems at one of our largest life and pensions customers,” Mark Dally, Managing Director of Capita Life & Pensions Resolution Contract. “We believe the agreement will help us to provide high quality services more efficiently.”
About Capita Life & Pensions Services (www.capita-lps.co.uk)
Capita Life & Pensions Services is a UK focused life and pensions outsource service provider offering a full service solution for both open and closed books of business to clients including Lincoln Financial Group, The Children’s Mutual, Zurich Financial Services, Resolution, Cooperative Financial Services and Prudential UK. Capita Life & Pensions Services. www.capita-lps.co.uk is a division of The Capita Group Plc and is the UK's leading provider of integrated professional support service solutions. The Group's service capabilities encompass business process outsourcing, (BPO), customer services, administration and support, human resources, ICT, property consultancy, finance & treasury and consultancy delivered to both public sector and private organizations. With 30,000 employees at more than 250 offices across the UK, Channel Islands, Ireland and India, Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2006 of £1,739 million.
About BluePhoenix Solutions (www.bphx.com)
BluePhoenix Solutions (NASDAQ: BPHX) is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, re-hosting, and renewal. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to ascertain which assets should be migrated, redeveloped, or wrapped for reuse as services or business processes, to protect and increase the value of their business applications and legacy systems with minimized risk and downtime.
BluePhoenix provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informáticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.
SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at www.bphx.com. All names and trademarks are their owners' property.
Company Contact Capita Life & Pensions Services Contact
Collen Pence Jenny Green
BluePhoenix Solutions Capita Life & Pensions Services
+1210-408-0212, ext. 600 +44(0)7766 397614
cpence@bphx.com Jenny.Green@capita.co.uk
Investor Contact Investor Contact
Peter Seltzberg Jeffrey Stanlis
Hayden Communications Hayden Communications
(646) 415-8972 (602) 476-1821
peter@haydenir.com jeff@haydenir.com