BluePhoenix To Expend Its Software Offering, Will Add COBOL Software To The Company Portfolio
BluePhoenix Solutions (Nasdaq:BPHX), the leading provider of value-driven legacy IT modernization solutions, today announced a strategic partnership with Veryant, the COBOL and Java technology innovator, to add isCOBOL software to its portfolio, and include the software as part of the company leading suite of modernization tools and solutions. This new initiative is part of the company strategy to expand its software license sales.
As part of this partnership agreement, BluePhoenix will market and resell Veryant’s isCOBOL product, targeting existing open systems COBOL customers.
The main advantages of the new offering are:
With a team of over 750 highly experienced professionals, BluePhoenix provides end-to-end solutions for companies looking to move from outdated and costly legacy applications and COBOL platforms to newer technologies and architectures that foster innovation and improve business value. isCOBOL technology offers the unique ability to continue development in COBOL, while simultaneously modernizing and deploying applications across multiple platforms in an open Java framework.“We believe that this new offering will change the COBOL landscape in the open platform market. Our partnership provides a very competitive solution. Customers will have the ability to move to a superior technology while significantly reducing the licensing and maintenance costs associated with running COBOL in open platform environments,” said Arik Kilman, CEO, BluePhoenix. “We estimate the annual open systems COBOL market to be valued at more than 300 million dollars. There are a multitude of companies facing steep COBOL licensing and maintenance fees and we believe that our joint offering is a compelling option in both technology and costs aspects.”
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