CARY, NC-–May 6, 2009-–BluePhoenix Solutions (NASDAQ: BPHX), the leading provider of value-driven legacy IT modernization solutions, announced today that it has signed a modernization contract with a leading international provider of relocation solutions. The value of the contract is approximately 3.5M US dollars and the project is scheduled to complete in early 2010.
The modernization project consists of an extensive array of application and database modernization and platform re-hosting. Mainframe technologies, including VSAM, ADABAS, COBOL and Natural, are being modernized to the Microsoft .NET platform. The resultant benefits include reduced IT costs, improved operational efficiencies, and the ability for the business to provide its end clients with new and enhanced customer services.
The new target IT architecture will accommodate modern technologies enabling quicker – and more cost effective - adaptation to rapidly changing business needs.
“We are pleased to have been selected by this leader in the field of relocation solutions. We believe that our selection is a testimony to our proven track record of successful complex modernization projects,” said Yaron Tchwella, CEO, BluePhoenix Solutions. “BluePhoenix was selected based on its strength of its modernization portfolio. We are able to successfully address all of our customer’s modernization needs - consulting, re-hosting, migration and operational support.”
About BluePhoenix Solutions
BluePhoenix Solutions (NASDAQ: BPHX) is the leading provider of value-driven legacy IT modernization solutions. The BluePhoenix portfolio includes 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, Capita Group, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Rabobank, Rural Servicios Informaticos, 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.
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Contact
Varda Sagiv
BluePhoenix Solutions
+972-(0)9-9526110
vsagiv@bphx.com