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BluePhoenix Signs $1.5 Million IT Modernization Contract With Leading Transportation and Logistics Company

Posted on: Wednesday, 20 May 2009, 07:00 CDT

CARY, North Carolina, May 20 /PRNewswire-FirstCall/ -- BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven IT modernization solutions, announced today that it has been awarded a contract, valued in excess of $1.5 million, to modernize critical business systems for a leading transportation and logistics company.

The customer, looking to modernize its core financial shipment management systems, selected BluePhoenix to migrate IBM mainframe hosted applications and databases to an open source Linux platform. Legacy databases are being replaced by an Oracle based solution, while legacy applications are being converted into JAVA applications.

In addition to reducing the license costs associated with its legacy technologies, the customer was motivated to modernize its IT infrastructure so that it could offer its own customers new and enhanced features - including order management and shipment tracking facilities.

The project, that followed a BluePhoenix assessment of the customer's modernization needs, is scheduled to be complete by the end of 2009.

"This engagement is testimony to our ability to provide businesses with impartial technology modernization advice and to then be able to execute those recommendations for them" said Yaron Tchwella, CEO, BluePhoenix Solutions. "In every engagement we have with customers around the world, the results are reduction of operating costs, improved business agility and better efficiencies. In today's competitive markets our customers strengthen their position by modernizing their core information technologies."

About BluePhoenix Solutions

BluePhoenix Solutions (NASDAQ: BPHX - News) is the leading provider of value-driven legacy IT modernization solutions. 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, 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.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this release may be deemed forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal Securities laws. You can identify these and other forward-looking statements by the use of words such as "may," "will," plans," "believes," "estimates," "intends" or the negative of such terms, or other comparable terminology. Because such statements deal with future events, plans, projections, or future performance of the Company, they are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's current expectations. These risks and uncertainties include but are not limited to: the ability to successfully defend claims brought against the Company; the effects of the global economic and financial crisis; market demand for the Company's products; successful implementation of the Company's products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; the ability to manage the Company's growth; the ability to recruit and retain additional software personnel; the ability to develop new business lines; and such other risks and uncertainties as identified in BluePhoenix's most recent Annual Report on Form 20-F and other reports filed by it with the SEC. Except as otherwise required by law, BluePhoenix undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

This press release is also available at http://www.bphx.com. All names and trademarks are their owners' property.

SOURCE BluePhoenix Solutions Ltd

Source: PR Newswire

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