BluePhoenix Solutions Ltd. is a

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

company, headquartered in

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

, that develops and sells modernization services for

legacy In law, a legacy is something held and transferred to someone as their inheritance, as by will and testament. Personal effects, family property, marriage property or collective property gained by will of real property. Legacy or legacies may refer ...

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...

systems. Its shares are traded on the

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

Global Market exchange. The company partners with systems integrators like IBM,

Microsoft Microsoft Corporation is an American multinational corporation, multinational technology company, technology corporation producing Software, computer software, consumer electronics, personal computers, and related services headquartered at th ...

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The wor ...

and

Dell Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies. Dell sells personal computers (PCs), servers, data ...

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 In computing, a legacy system is an old method, technology, computer system, or application program, "of, relating to, or being a previous or outdated computer system", yet still in use. Often referencing a system as "legacy" means that it paved ...

s to more modern

computing platform A computing platform or digital platform is an environment in which a piece of software is executed. It may be the hardware or the operating system (OS), even a web browser and associated application programming interfaces, or other underlying ...

History

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

Formula Systems Formula Systems () 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 Select Market ...

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 Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

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 Associat ...

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 is an American electronic design automation (EDA) company that focuses on silicon design and verification, silicon intellectual property and software security and quality. Products include tools for logic synthesis and physical desig ...

and

Bank Leumi Bank Leumi ( he, בנק לאומי, lit. ''National Bank''; ar, بنك لئومي) 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 (Jüdische Koloni ...

. 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 consortium. OMG Task Forces develop enterprise integration standards for a range of technologies. Business activities The goal of the OMG was a common portable and interoperab ...

(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 ICL may refer to: Companies and organizations * Idaho Conservation League * Imperial College London, a UK university * Indian Confederation of Labour * Indian Cricket League * Inorganic Chemistry Laboratory of the University of Oxford * Israel Ch ...

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). Since ...

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. Notable people wit ...

and to modern platforms like C#, SQL Server,

Java Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's mo ...

IBM Db2 Db2 is a family of data management products, including database servers, developed by IBM. It initially supported the relational model, but was extended to support object–relational features and non-relational structures like JSON and ...

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