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BluePhoenix Solutions Ltd.
Bluephoenix Announces Multi-Million Dollar Modernization Contract With a Large Scandinavian Bank
January 16th, 2009
BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven IT legacy modernization, announced that it has been awarded a new $2.2 million modernization project with a large Scandinavian bank. Work is expected to begin in the first quarter of 2009. BluePhoenix will modernize the bank's Mortgage Loan application from a Unisys ClearPath system to an IBM mainframe. In addition the database will be modernized to a DB2 relational database. "We are excited to work with this European customer," said Yaron Tchwella, President, of BluePhoenix Solutions. "This contract further demonstrates that our modernization solutions are...
Source: Health Business Week (2009-01-16)
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