BluePhoenix Solutions
{{Short description|Israeli IT company}}
{{Infobox company
| name = BluePhoenix Solutions Ltd.
| logo =
| caption =
| type = Public
| traded_as = {{NASDAQ|BPHX}}
| fate =
| predecessor = A. Crystal Solutions Ltd.(1987–1996)
Crystal Systems Solutions Ltd. (1996–2003)
| successor =
| foundation =
| defunct =
| location_city = Herzliya
| location_country = Israel
| location =
| locations =
| area_served =
| key_people = {{ubl|Matt Bell|Rick Oppedisano|John Regan|David Wurman|Itai Ben-Dor|Yuri Steinschreiber|Florin Sunel}}
| industry = Technology
| products =
| services = Business software
| assets =
| equity =
| owner =
| num_employees = 105
| parent =
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| subsid =
| homepage = {{URL|www.bphx.com}}
| footnotes =
| intl =
}}
BluePhoenix Solutions Ltd. is a publicly traded company, headquartered in Israel, that develops and sells modernization services for legacy information technology systems. Its shares are traded on the NASDAQ Global Market exchange. The company partners with systems integrators like IBM, Microsoft, Oracle and Dell to deliver its software and services.
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 computing platforms.
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.{{cite web |url=http://www.rttnews.com/1152299/bluephoenix-solutions-closes-acquisition-of-business-of-dsknowledge-quick-facts.aspx |title=BluePhoenix Solutions Closes Acquisition Of Business Of DSKnowledge - Quick Facts |date=December 9, 2009 |accessdate=Jul 14, 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20160304000915/http://www.rttnews.com/1152299/bluephoenix-solutions-closes-acquisition-of-business-of-dsknowledge-quick-facts.aspx |archivedate=March 4, 2016 }} In 2012, a new investment group appointed Matt Bell CEO.{{cite web|title=BluePhoenix Promotes Matt Bell To President & CEO|url=http://www.rttnews.com/1906737/bluephoenix-promotes-matt-bell-to-president-ceo.aspx|quote=BluePhoenix promotes Matt Bell to President and CEO, moves Bar-Kama to Board|url-status=dead|archiveurl=https://web.archive.org/web/20160304032308/http://www.rttnews.com/1906737/bluephoenix-promotes-matt-bell-to-president-ceo.aspx|archivedate=2016-03-04}} 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), with full voting rights and the ability to submit proposals.{{cite web|url=http://www.thefreelibrary.com/BluePhoenix+Joins+the+Object+Management+Group+as+Platform+Member%3B+To...-a0112784984| title= BluePhoenix Joins the Object Management Group as Platform Member}}
The company's translation platform converts customers from COBOL, Natural/ADABAS, JCL, ICL, IDMS, IMS and to modern platforms like C#, SQL Server, Java, IBM Db2 and more. A project Ringmaster was promoted in 2013.{{cite web|title=BluePhoenix Announces Service Upgrades and New Delivery Platform|date=7 February 2013|url=http://www.businesswire.com/news/home/20130207005722/en/BluePhoenix-Announces-Service-Upgrades-Delivery-Platform|quote=BluePhoenix announces service upgrade for C# and Java, touches on Ringmaster development efforts.}}{{cite web|title=BluePhoenix and Police Mutual Team Up To Improve Services for Police Families|url=https://finance.yahoo.com/news/bluephoenix-police-mutual-team-improve-155400816.html|quote=BluePhoenix announces completion of a project that will begin to help over 200,000 police officers receive savings, investments and insurance services quicker. }}
In 2014, BluePhoenix and ATERAS Complete Merger and Commence Operations as Modern Systems ([https://modernsystems.com/bluephoenix-and-ateras-complete-merger-operating-as-modern-systems/ details]). In 2020 Modern Systems got acquired by OneAdvanced.
= Management =
The company's management team in 2013 was Bell, Yuri Steinschreiber as VP of technology, Rick Oppedisano as VP of marketing and product management.{{cite web|title=BluePhoenix Taps Industry Veteran Rick Oppedisano to Lead Marketing|date=31 January 2013|url=http://www.businesswire.com/news/home/20130131005545/en/BluePhoenix-Taps-Industry-Veteran-Rick-Oppedisano-Lead|quote=BluePhoenix Solutions chooses Rick Oppedisano to help lead growth efforts.}}
= Acquisitions =
See also
References
{{Reflist}}
{{Israel NASDAQ}}
Category:Information technology companies of Israel
Category:Software companies of Israel
Category:Software companies established in 1987
Category:1987 establishments in Israel
Category:Companies listed on the Nasdaq