Founded 1987 | Traded as NASDAQ: BPHX Number of employees 105 | |
 | ||
Predecessor A. Crystal Solutions Ltd.(1987–1996)Crystal Systems Solutions Ltd. (1996–2003) Key people Matt Bell, Rick Oppedisano, John Regan, David Wurman, Itai Ben-Dor, Yuri Steinschreiber, Florin Sunel Stock price MDSY (NASDAQ) US$ 0.90 -0.04 (-4.26%)3 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Seattle, Washington, United States Subsidiaries I-Ter S.p.A, BluePhoenix Nordic Solution Center | ||
News update bluephoenix solutions rallies 14 with speculation abound
BluePhoenix Solutions is a publicly traded company, headquartered in Israel, that develops and sells modernization solutions for legacy information technology (IT) systems. Its shares are traded on the NASDAQ Global Market exchange. The company partners with global systems integrators like IBM, Microsoft, Oracle and Dell to deliver its software and services.
Contents
- News update bluephoenix solutions rallies 14 with speculation abound
- Company
- History
- Current state
- Management
- References
Company
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 updating legacy systems to more modern platforms. This technology is designed to reduce risk and contain costs associated with modernization of legacy software applications and databases.
History
BluePhoenix Solutions was founded by Aaron Crystal in 1987 under the name A. Crystal Solutions. Soon afterwards Formula 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 on Nasdaq under the leadership of Dan 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 were Microsoft, Synopsys and Bank 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 of Formula Systems until June 2007, when Formula sold its shares in the company to international institutional investors. In 2009, BluePhoenix Solutions acquired DSKnowledge Ltd. In 2012, a new investment group appointed Matt Bell CEO. Bell conducted a dramatic reorganization, strengthening the company's financials and refocusing on core legacy modernization solutions.
In February, 2004, BluePhoenix Solutions joined the Object Management Group (OMG) as a Platform member, with full voting rights and the ability to submit proposals.
Current state
BluePhoenix offers the largest variety of language and database translation options on the market today. The company's translation platform converts customers from COBOL, Natural/ADABAS, JCL, ICL, IDMS, IMS and to modern platforms like C#, SQL Server, Java, DB2 and more. Recent press releases suggest the company has greater plans for its technology in 2013, including development of a project codenamed Ringmaster.
Management
The company's management team currently consists of Bell, Yuri Steinschreiber as VP of Technology, Rick Oppedisano as VP of Marketing and Product Management, Rick Rinaldo as CFO, David Wurman as VP of Sales, John Regan as VP of Service Delivery and Florin Sunel as VP of Engineering.