BluePhoenix to Announce Third Quarter 2014 Results on Friday, November 14, 2014

Seattle, WA: BluePhoenix Solutions Ltd. (NASDAQ: MDSY) announced today that it will report its 2014 third quarter financial results on Friday, November 14, 2014. The company’s […]

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application modernization

Navigating the Bermuda Triangle of Application Modernization

Companies are facing serious challenges around their mainframe stack- from disappearing resources and compliance challenges to long-term competition issues. So what’s a business to do? And how can virtual infrastructure help? How can they navigate what we call the Bermuda Triangle of Application Modernization?

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Australian Law Enforcement Agency Selects Modern Systems for Mainframe Assessment

One of the largest law enforcement agencies in Australia has selected Modern Systems to assess their Natural/ADABAS environment to help provide clarity for a future legacy modernization project. This mainframe assessment will provide information on the composition of the Natural applications, how they interact with ADABAS, and highlight areas of the legacy environment in need of concentration during modernization project planning.

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Modern Systems Corporation Continues Merger Progress, Secures New Debt Financing

Modern Systems Corporation, an indirect, wholly-owned subsidiary of BluePhoenix Solutions, Ltd. (NASDAQ: MDSY), provided an update on the expected timing of its proposed merger with Sophisticated Business Systems, Inc. (ATERAS) and announced new debt financing from Comerica Bank.

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Modern Systems Completes Legacy Modernization Initiative with Moorcroft DRG

Modern Systems, a wholly owned subsidiary of Blue Phoenix, LTD (NASDAQ: MDSY), one of the largest legacy modernization companies in the world, today announced the successful completion of its project with Moorcroft Debt Recovery Group, a leading UK-based financial services firm. The application modernization initiative, which was completed in 24 months, leveraged a three-phase approach, which provided incremental business value at each step in the process. The modernized application allows for greater integration flexibility, increased productivity and visibility into the company and generated savings upwards of $300,000 annually.

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