BluePhoenix Customer Scarborough Building Society Named to InfoWorld 100 for Legacy Modernization Implementation
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InfoWorld Names Scarborough "One of the 100 Most Innovative Corporate IT Solutions for 2007"
Scarborough Achieved Up to 30% Improvement in Application Performance With BluePhoenix's Legacy Modernization Solution
Project Demonstrated Successful Migration From Mainframe and IDMS to Microsoft SQL Server and Microsoft .NET
CARY, North Carolina, November 12 -- BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, today announced that InfoWorld, the leading integrated media brand for IT solutions management, awarded BluePhoenix customer Scarborough Building Society the 2007 InfoWorld 100 award for its successful legacy modernization implementation.
In this project, BluePhoenix worked closely with Scarborough to replace their Fujitsu mainframe, to migrate a legacy IDMS database to Microsoft SQL Server and to convert more than a million lines of code to Microsoft .NET. The InfoWorld award, which names the 100 most innovative corporate IT solutions for 2007, honored Scarborough in the Financial Services category.
As a direct result of the modernization project, Scarborough has improved the performance of its existing business applications by 30% on average and paved the way for the cost-effective development of new applications. The Society expects to reduce development time using the .NET Framework by around 30%. There have been other significant improvements as well. For example, one program that required one and a half hours on the mainframe, took only thirty seconds in the new environment.
"BluePhoenix is proud to have provided the underlying modernization and migration technology and domain expertise to help Scarborough implement this solution and to be included in the InfoWorld 100," said Arik Kilman, CEO of BluePhoenix. "Scarborough deserves this award for their foresight in moving off of older technology that was hindering business performance, to newer cutting-edge technology that can help them further their business goals."
To be considered for inclusion in the InfoWorld 100, projects must stretch beyond the typical, off-the-shelf solution, and must use multiple technologies in innovative ways to serve well-defined business goals. Winners were formally announced today at InfoWorld.com.
About SBS Group (http://www.scarboroughbs.co.uk)
SBS is a successful UK building society, operating throughout the UK, as well as through its offshore subsidiary, based in Guernsey. With Group assets under management of over GBP4 billion and a Moody's investment grade credit rating, SBS is a financially secure top 20 building society, with interests across a broad range of financial services businesses.
The SBS Group is made up of Scarborough Building Society; Scarborough Mortgage Services (SMS), which administers mortgages for several international investment banks and other UK financial services businesses; North Yorkshire Mortgages (NYM), the asset originator and trading arm; Scarborough Specialist Mortgages (SSM), a new brand offering non-conforming and buy-to-let home loans, and offshore deposit-taking subsidiary Scarborough Channel Islands Limited (SCIL).
About BluePhoenix Solutions (http://www.bphx.com)
BluePhoenix Solutions (NASDAQ: BPHX) is a leading provider of value-driven modernization solutions for legacy information systems.
BluePhoenix offerings include 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, Citigroup, DaimlerChrysler, Danish Commerce and Companies Agency, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, and TEMENOS. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.
Company Contact
Colleen Pence
BluePhoenix Solutions
+1-210-408-0212, ext. 600
cpence@bphx.com
Source: BluePhoenix Solutions Ltd
