BluePhoenix Solutions, a provider of modernization services for legacy information systems, has signed two new deals valued at over $5 million with two European banks.
BluePhoenix offerings include a suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, re-hosting, and renewal. It enables its customers to ascertain the assets which should be migrated, redeveloped, or wrapped for reuse as services or business processes.
Yaron Tchwella, president of BluePhoenix Solutions, said: Our modernization resources are helping our clients meet their cost-cutting mandates while they migrate their legacy IT systems to modern-day platforms. We look forward to the opportunity to work with these two customers and continuing to take advantage of what we see as an excellent business opportunity in front of us.
The company’s customers include Aflac, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans.
Recently, BluePhoenix has signed a modernization project with a financial institution in the US to migrate 4GL and COBOL applications to Java. As part of this project, the organization will migrate from DB2 to Oracle and downsize off the mainframe (z/OS) to HP UNIX and LINUX.