Leading Financial Services Firm Increases Operational Efficiency and Cuts Costs of Multi-Platform Environment with BluePhoenix's Legacy Modernization
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Project Provides Return on Investment in Only One Year While Enabling Company to Provide Higher Level of Services to International Clients
CARY, North Carolina, April 18 - BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, today announced the successful completion of a major application and platform migration project for a leading financial services firm. The project included the migration of IDMS/MVS systems to an Oracle/UNIX operating environment.
The project provides the firm, which serves the international financial marketplace, with increased operational efficiency and significantly reduces the costs of its multi-platform environment. In addition, the company has realized new opportunities because the modernized applications and distributed systems enable it to respond more quickly to changing business conditions. The company was able to realize a return on its investment within only one year.
The primary business issues the company faced were the need for its legacy applications to adapt to new market conditions, the high expense of its multi-platform environment and the fact that its newly developed and acquired applications were incompatible with legacy systems.
BluePhoenix Solutions has extensive experience in automated global assessment, migration and remediation projects for a range of companies in the financial services and insurance industries worldwide.
"BluePhoenix is excited with the results achieved in this large-scale, enterprise-wide system migration," said Arik Kilman, chief executive officer of BluePhoenix Solutions. "Our ability to deliver these excellent results is based upon our domain expertise, unique migration methodology and extensive large-project management skills. Our superior technical expertise and best-in-class automated tools have been field-proven once again."
BluePhoenix completed the successful migration using a combination of automated tools and proven methodology. The BluePhoenix(TM) IT Discovery solution was used to perform a high-level assessment of the COBOL/IDMS and ADSO/IDMS software components, IDMS Schemas and CICS interactions. Upon completion of the assessment, BluePhoenix(TM) DatabaseMigrator for IDMS and BluePhoenix(TM) PlatformMigrator were used to migrate all COBOL/IDMS and ADSO/IDMS code from IDMS/MVS to Micro Focus COBOL /Oracle/UNIX and MVS-based Job Control Language (JCL) to SUN/UNIX/MBM scripts.
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 12 offices in the U.S., UK, Denmark, Germany, Italy, Romania, Cyprus and Israel.
Source: Bluephoenix Solutions Ltd
Contact:
Tsipora Cohen,
VP Worldwide Marketing,
BluePhoenix Solution,
+1-781-652-8945,
tcohen@bphx.com
Elyse Familant,
GCC, Inc.,
+1-978-725-3637,
elysef@gccpr.com
