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BluePhoenix Solutions Joins Tel Aviv-100, Tel Aviv-75 and Tel-Tech 15 Indices on Tel Aviv Stock Exchange

Jan 02, 2008 (06:01 AM EST)
URL: http://www.techweb.com/show-press-release/X664220/bluephoenix-solutions-joins-tel-aviv-100-tel-aviv-75-and-tel-tech-15-indices-on-tel-aviv-stock-exchange.html

HERZLIYA, Israel, January 2 /PRNewswire-FirstCall/ -- BluePhoenix Solutions , the leader in value-driven legacy modernization, today announced that the Tel Aviv Stock Exchange (TASE) has informed the Company that its shares are now listed in the Tel Aviv-100 (TA-100), Tel Aviv-75 (TA-75) and Tel-Tech 15 indices.

These indices track the top companies listed on TASE weighted by market capitalization. BluePhoenix's inclusion in the indices started as of January 1st, 2008.

"BluePhoenix is proud to be included in these important Tel Aviv Stock Exchange indices, which provide us with market recognition and places us among the top Israeli-based technology and industrial companies," said Arik Kilman, CEO of BluePhoenix. "We are looking forward to continuing to deliver solid financial performance and shareholder value, and expect that our inclusion in these indices will broaden our shareholder base and strengthen the awareness of BluePhoenix in the Israeli market."

About BluePhoenix Solutions

BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include 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 20 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 provides modernization solutions to companies from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, Citigroup, DaimlerChrysler, Danish Commerce and Companies Agency, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, and TEMENOS. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.

SAFE HARBOR: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. This press release is also available at http://www.bphx.com . All names and trademarks are their owners' property.

Company Contact David Leichner BluePhoenix Solutions +972-9952-6110 dleichner @bphx.com Investor Contact Paul Holm H.L. Lanzet +1-212-888-4570 paulmholm@gmail.com

CONTACT: Company Contact: David Leichner, BluePhoenix Solutions, paulmholm@gmail.com+972-9952-6110, dleichner @bphx.com; Investor Contact, Paul Holm, H.L.Lanzet, +1-212-888-4570,