BluePhoenix awarded modernisation contract in Scandinavia

Posted on: Mon, 29 Dec 2008 12:13:00 EST


Symbols: BPHX
Dec 29, 2008 (TELECOMWORLDWIRE via COMTEX) --
BPHX | Quote | Chart | News | PowerRating -- BluePhoenix Solutions (NASDAQ: BPHX), a company specialising in IT
modernisation projects, announced on 29 December that it has been
awarded a contract by a 'large Scandinavian bank' for the modernisation
of the bank's IT systems.

The work for the unnamed bank will involve the modernisation of the
bank's Mortgage Loan application from a Unisys ClearPath system to an
IBM mainframe, with the database being transferred to a DB2 relational
database.

Work is expected to begin in the first quarter of 2009.

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For full details on Bluephoenix Solutions Ltd (BPHX) BPHX. Bluephoenix Solutions Ltd (BPHX) has Short Term PowerRatings at TradingMarkets. Details on Bluephoenix Solutions Ltd (BPHX) Short Term PowerRatings is available at This Link.

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