Scarborough Building Society Achieves Up to 30% Improvement in Application Performance with BluePhoenix's Legacy Modernization
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Successful Migration From the Mainframe to Microsoft .NET Framework Allows for Greater Responsiveness to Business Changes, Improved Competitiveness
UK Building Society With Group Assets Under Management Exceeding GBP4 Billion
LONDON, July 9/ -- BluePhoenix Solutions (NASDAQ:BPHX), the leader in value-driven legacy modernization, today announced the successful completion of a strategic upgrade project for Scarborough Building Society, which ranks 18th in the list of United Kingdom building societies, and offers mortgages, savings, insurance and financial planning services to approximately 120,000 members.
Scarborough Building Society decided to migrate its legacy IDMS(X) database and applications in order to create a more flexible platform for future business growth and development. Scarborough also decided to replace its Fujitsu mainframe with a more flexible and cost effective solution which can be more easily integrated with new and emerging technologies.
The strategic modernization project involved the migration of the Society's mainframe applications and IDMS(X) database to the Microsoft SQL Server and the Microsoft .NET platform. The COBOL applications were converted to Micro Focus COBOL/C# applications. This 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 also expects to reduce development time using the .NET Framework by around 30%.
"In order for businesses to succeed, they need to be agile and flexible to change. Modernizing legacy applications and migrating from the mainframe to the .NET platform helps organizations reduce complexity, increase performance and leverage existing investments," said Spyros Sakellariadis, director of Legacy Modernization at Microsoft Corp. "BluePhoenix's unique approach to legacy modernization, coupled with their extensive industry expertise, helps organizations take full advantage of the power of the Windows platform and .NET Framework."
"With BluePhoenix's extensive experience in Legacy migration and modernization to Microsoft solutions, its staff knew exactly what steps were required and what pitfalls to avoid," said Kevin Moran, IT director, Scarborough Building Society. "Although the project was not without its challenges, the implementation was remarkably smooth and painless. Our users were barely aware of it happening except for noticing that the look and feel of the application was much more modern."
"In today's competitive financial services industry, Scarborough Building Society is working to maintain its leadership position by creating an IT environment which can deliver cutting-edge business performance," said Arik Kilman, CEO of BluePhoenix Solutions. "With its modernized environment, employees are able to operate more efficiently, respond more quickly to customer needs and develop new applications faster than ever to service business demands."
About The Scarborough Building Society (http://www.scarboroughbs.co.uk)
The Scarborough Building Society, originally established in May 1846, is the second oldest building society in the United Kingdom. It has group assets under management in excess of GBP4 billion, including mortgage balances of GBP1.4 billion; savings balances of GBP1.3 billion, and Group assets of GBP2.3 billion.
About BluePhoenix Solutions (www.bphx.com)
BluePhoenix Solutions (NASDAQ: BPHX) is a leading provider of value driven modernization solutions for legacy information systems. BluePhoenix's offering includes 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 twenty 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's solutions serve companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing and retail. Among its prestigious customers are:
Aflac, DaimlerChrysler, Danish Commerce and Companies Agency, Europe Assistance, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, SDC Udvikling and TEMENOS. BluePhoenix has 13 offices in the U.S., UK, Denmark, Germany, Italy, Romania, Russia, Cyprus and Israel.
Company Contact
David Leichner
Investor Relations
BluePhoenix Solutions
+972-9-9526-105
dleichner@bphx.com
Scarborough Building Society Contact
Tracy Fletcher
Group Press & PR Manager
+44-(0)-1723-504219
Tracy.fletcher@scarboroughbs.co.uk
Source: BluePhoenix Solutions Ltd
