BluePhoenix Awarded $1.8 Million Modernization Contract with a US Federal Government Agency

BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, announced that it was awarded a CoolGen to Java migration contract worth $1.8 million.

BluePhoenix is partnering with a tier one US based system integrator to convert, and remediate the customer's legacy applications, providing the customer with improved productivity and a lower cost of ownership.

"We are very pleased to work together with our partners on modernization projects," said Arik Kilman, CEO, BluePhoenix Solutions. "This is another great example of the benefits of migrating applications in order to dramatically reduce operational costs while continuing to leverage valuable business logic. In the last year we are witnessing growth in modernization projects within the US government sector." 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, rehosting, 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 13 offices in the USA, UK, Denmark, Germany, Italy, The Netherlands, Romania, Russia, Cyprus and Israel.