| Company type | Public |
|---|---|
| Nasdaq: BPHX | |
| Industry | Technology |
| Predecessor | A. Crystal Solutions Ltd.(1987–1996) Crystal Systems Solutions Ltd.(1996–2003) |
| Headquarters | , Israel |
Key people |
|
| Services | Business software |
Number of employees | 105 |
| Website | www |
BluePhoenix Solutions Ltd. is apublicly traded company, headquartered inIsrael, that develops and sells modernization services forlegacyinformation technology systems. Its shares are traded on theNASDAQ Global Market exchange. The company partners with systems integrators likeIBM,Microsoft,Oracle andDell to deliver its software and services.
BluePhoenix Solutions specializes in the modernization of corporate legacy databases and applications. The firm's automated translation platform serves as a base to provide services for clients updatinglegacy systems to more moderncomputing platforms.
BluePhoenix Solutions was founded by Aaron Crystal in 1987 under the name A. Crystal Solutions. Soon afterwardsFormula Systems acquired control of the company, while the founder retained some of his shares and continued to serve as the company's CEO until 1996, when its name was changed to Crystal Systems Solutions and it went public onNasdaq under the leadership ofDan Goldstein and his brother Gad. In January 1997 the company's shares began trading on what was then the NASDAQ National Market under the symbol CRYSF. Among the company's clients wereMicrosoft,Synopsys andBank Leumi. In 2003 the name Crystal Systems was changed again, this time to BluePhoenix Solutions, subsequent to a merger of Crystal Systems with Liraz Systems, of which BluePhoenix was a subsidiary. BluePhoenix functioned as a subsidiary ofFormula Systems until June 2007, when Formula sold its shares in the company to international institutional investors. In 2009, BluePhoenix Solutions acquired DSKnowledge Ltd.[1] In 2012, a new investment group appointed Matt Bell CEO.[2] Bell conducted a dramatic reorganization, strengthening the company's financials and refocusing on core legacy modernizationsolutions.
In February, 2004, BluePhoenix Solutions joined theObject Management Group (OMG), with full voting rights and the ability to submit proposals.[3]
The company's translation platform converts customers fromCOBOL, Natural/ADABAS,JCL,ICL,IDMS,IMS and to modern platforms likeC#,SQL Server,Java,IBM Db2 and more. A project Ringmaster was promoted in 2013.[4][5]
In 2014, BluePhoenix and ATERAS Complete Merger and Commence Operations as Modern Systems (details). In 2020 Modern Systems got acquired by OneAdvanced.
The company's management team in 2013 was Bell, Yuri Steinschreiber as VP of technology, Rick Oppedisano as VP of marketing and product management.[6]
| Company | Year | Price | Reference |
|---|---|---|---|
| SDC-FinansSystem | 2002 | ||
| IntraComp | 2003 | ||
| CePost | 2004 | ||
| CodeStream Software (Xitec) | 2006 | ||
| ASNA | 2007 |
BluePhoenix promotes Matt Bell to President and CEO, moves Bar-Kama to Board
BluePhoenix announces service upgrade for C# and Java, touches on Ringmaster development efforts.
BluePhoenix announces completion of a project that will begin to help over 200,000 police officers receive savings, investments and insurance services quicker.
BluePhoenix Solutions chooses Rick Oppedisano to help lead growth efforts.
BluePhoenix(TM) Solutions announced today that it has acquired the activities and employees of SDC-FinansSystem owned by Sparekassernes Datacenter (SDC) and ALLTEL Corporation.
IntraComp Group Inc. will become the BluePhoenix Solutions US Solution Center effective Sept. 1 as part of a company-wide consolidation triggered by Cary-based BluePhoenix's acquisition of ICG.
As of December 14, 2006, CodeStream Software, Ltd. operates as a subsidiary of BluePhoenix Solutions Ltd.
BluePhoenix purchased ASNA in August 2007.
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