This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BluePhoenix Solutions Appoints New CEO

BluePhoenix Solutions (NASDAQ: BPHX), the leading provider of value-driven legacy IT modernization solutions, today announced that Shimon Bar-Kama has been appointed as BluePhoenix’s new Chief Executive Officer, effective immediately. Bar-Kama replaces Arik Kilman, who as previously announced is retiring.

“Shimon is a proven leader who has demonstrated his value to the company in his service to the Board this past year,” said Eric Green, Chairman of the Board. “The Board believes that Shimon has the skills required to engineer a successful turnaround at BluePhoenix. We look forward to Shimon’s leadership as we refocus our efforts on our core legacy IT modernization solutions, and work to control costs as we drive the company back toward profitability.”

Shimon Bar-Kama has served as a CEO, Director, and a Partner in several companies and industries over the last 25 years. Both as a CEO and active Board member, Bar-Kama has extensive experience in corporate turnarounds and restructurings. Most recently as a Partner and general manager of Paragon Consultancy, Bar-Kama has worked as a strategic consultant to global companies operating in high-tech industries. He graduated with an Aeronautical Engineering degree from Technion in Haifa, IL. Additionally, Bar-Kama served as an Israeli Air Force Fighter Pilot, both in regular and reserve service, for 32 years.

“I am aware of the challenges that BluePhoenix is facing, and I am excited about enthusiastically tackling these challenges with a determination to return the company to profitability. Our focus will be on creating value for all of our stakeholders, which includes our employees, customers, vendors, and shareholders,” said Bar-Kama.

Prior to his appointment, Mr. Bar-Kama resigned his position as a Director of the company.

About BluePhoenix Solutions

BluePhoenix Solutions (NASDAQ: BPHX) is the leading provider of value-driven legacy IT modernization solutions. The BluePhoenix portfolio includes 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 ihncrease the value of their business applications and legacy systems with minimized risk and downtime.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs