Herzlia, Israel – December 7th, 2012 – BluePhoenix (NASDAQ: MDSY), the leading provider of tools and services for modernizing legacy systems and applications, announced Tom Jurewicz as a new member of the Board of Directors, effective immediately. “Tom helped run finance for VMware for 12 years. His operational expertise in helping them grow from a small startup to a huge corporation will help us be a better company”, said Matt Bell, President & CEO. Thomas J. Jurewicz is a highly respected financial expert in the technology industry. He spent 12 years at VMware, Inc. (NYSE: VMW) where he held various financial positions including Treasurer, interim CFO, Board Member of its subsidiaries, and EMEA Controller. He was integral to the sale of the company to EMC Corp (NYSE: EMC) and its subsequent IPO. Prior to that, Mr. Jurewicz served in finance roles for CMC Industries, Inc. (NASDAQ: CMCI), and NETCOM, On-Line Communications (NASDAQ: NETC). Early in his career, he was an investment banker for Merrill Lynch & Co (NYSE: ML). Mr. Jurewicz holds an MBA from Stanford University, and a BS in Applied Mathematics from Yale University.
“I’m very excited to be involved in BluePhoenix and the turnaround that is underway”, said Tom Jurewicz. He went on to say, “This company has significantly improved the balance sheet and I expect to have many discussions in the near future about how to prepare the company for responsible growth.”
“We are honored to have experts like Tom join our board over the last 6 months. The company has changed dramatically in a very short period of time and I look forward to working with Tom and all the other new board members to grow this company in a smart and thoughtful manner”, said Bell.
About BluePhoenix Solutions
BluePhoenix (NASDAQ: MDSY) is the leading provider of legacy language and database translation. The BluePhoenix portfolio includes a comprehensive suite of tools and services for automated database and application migration. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to minimize risk and provide a clear path from legacy platforms like COBOL, Natural/Adabas and others to modern solutions like SQL, DB2, Java, and more. BluePhoenix customers come from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. BluePhoenix has offices in the USA, UK, Italy, Romania, and Israel.
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