BluePhoenix Solutions Ltd. is a

publicly traded A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

company, headquartered in

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

, that develops and sells modernization services for

legacy Legacy or Legacies may refer to: Arts and entertainment Comics * " Batman: Legacy", a 1996 Batman storyline * '' DC Universe: Legacies'', a comic book series from DC Comics * ''Legacy'', a 1999 quarterly series from Antarctic Press * ''Legacy ...

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

systems. Its shares are traded on the

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

Global Market exchange. The company partners with systems integrators like

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

Oracle An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination. Descript ...

and

Dell Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), Server (computing), servers, data storage devices, network switches, software, computer peripherals including printers and webcam ...

to deliver its software and services.

Company

BluePhoenix Solutions specializes in the modernization of corporate legacy databases and applications. The firm's automated translation platform serves as a base to provide services for clients updating

legacy system Legacy or Legacies may refer to: Arts and entertainment Comics * " Batman: Legacy", a 1996 Batman storyline * '' DC Universe: Legacies'', a comic book series from DC Comics * ''Legacy'', a 1999 quarterly series from Antarctic Press * ''Legacy ...

s to more modern

computing platform A computing platform, digital platform, or software platform is the infrastructure on which software is executed. While the individual components of a computing platform may be obfuscated under layers of abstraction, the ''summation of the requi ...

History

BluePhoenix Solutions was founded by Aaron Crystal in 1987 under the name A. Crystal Solutions. Soon afterwards

Formula Systems Formula Systems (1985) Ltd. () is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries it operates mainly in the area of information technology. Shares of Formula Systems are traded on the NASDAQ Global S ...

acquired control of the company, while the founder retained some of his shares and continued to serve as the company's CEO until 1996, when its name was changed to Crystal Systems Solutions and it went public on

Nasdaq The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

under the leadership of

Dan Goldstein Dan Goldstein (; 19 June 1954 – 9 June 2022) was a pioneer of the Israeli software industry. He was the founder of Formula Systems, sold in 2006, and ''Formula Vision Technologies''. Goldstein served as Chairman of the Public Companies Associ ...

and his brother Gad. In January 1997 the company's shares began trading on what was then the NASDAQ National Market under the symbol CRYSF. Among the company's clients were

Synopsys Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys sup ...

and

Bank Leumi Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, ...

. In 2003 the name Crystal Systems was changed again, this time to BluePhoenix Solutions, subsequent to a merger of Crystal Systems with Liraz Systems, of which BluePhoenix was a subsidiary. BluePhoenix functioned as a subsidiary of

until June 2007, when Formula sold its shares in the company to international institutional investors. In 2009, BluePhoenix Solutions acquired DSKnowledge Ltd. In 2012, a new investment group appointed Matt Bell CEO. Bell conducted a dramatic reorganization, strengthening the company's financials and refocusing on core legacy modernization

solutions Solution may refer to: * Solution (chemistry), a mixture where one substance is dissolved in another * Solution (equation), in mathematics ** Numerical solution, in numerical analysis, approximate solutions within specified error bounds * Solutio ...

. In February, 2004, BluePhoenix Solutions joined the

Object Management Group The Object Management Group (OMG®) is a computer industry Standards Development Organization (SDO), or Voluntary Consensus Standards Body (VCSB). OMG develops enterprise integration and modeling standards for a range of technologies. Busin ...

(OMG), with full voting rights and the ability to submit proposals. The company's translation platform converts customers from

COBOL COBOL (; an acronym for "common business-oriented language") is a compiled English-like computer programming language designed for business use. It is an imperative, procedural, and, since 2002, object-oriented language. COBOL is primarily ...

, Natural/ADABAS, JCL, ICL,

IDMS The Integrated Database Management System (IDMS) is a network model (CODASYL) database management system for mainframes. It was first developed at B.F. Goodrich and later marketed by Cullinane Database Systems (renamed Cullinet in 1983). Sin ...

IMS Ims is a Norwegian surname. Notable people with the surname include: * Gry Tofte Ims (born 1986), Norwegian footballer * Rolf Anker Ims (born 1958), Norwegian ecologist See also * IMS (disambiguation) Ims is a Norwegian surname Heritable famil ...

and to modern platforms like C#, SQL Server,

Java Java is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea (a part of Pacific Ocean) to the north. With a population of 156.9 million people (including Madura) in mid 2024, proje ...

, IBM Db2 and more. A project Ringmaster was promoted in 2013. In 2014, BluePhoenix and ATERAS Complete Merger and Commence Operations as Modern Systems
details
. In 2020 Modern Systems got acquired by OneAdvanced.

Management

The company's management team in 2013 was Bell, Yuri Steinschreiber as VP of technology, Rick Oppedisano as VP of marketing and product management.

Acquisitions

References

{{Israel NASDAQ Information technology companies of Israel Software companies of Israel Software companies established in 1987 1987 establishments in Israel Companies listed on the Nasdaq Companies listed on the Tel Aviv Stock Exchange ca:GEN