BluePhoenix (NASDAQ:BPHX), the leading provider of tools and services for modernizing legacy systems and applications, announced the planned restructuring of the management team. Shimon Bar-Kama has resigned from the position of CEO of BluePhoenix so he can rejoin the Board of Directors, effective immediately. Matt Bell, who is currently the company President, will now be President & CEO. “After getting to know the people, technology and innovation at BluePhoenix, I’m very excited about the growth opportunity we have in the market.”
Mr. Bar-Kama will continue as an employee of the company until early August. He will assist and support Mr. Bell during this period. Mel Keating, Chairman of the Board, said, “We all want to thank Shimon for stepping in to the role of CEO, helping us with the sale of business units and overseeing the strengthening of our balance sheet. We welcome him back on to our Board.”
BluePhoenix also announced that Doron Elhanani has resigned as a member of the board due to other commitments.
About BluePhoenix Solutions
BluePhoenix Solutions, Ltd. (NASDAQ: BPHX) is the leading provider of legacy IT modernization conversion 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. 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. BluePhoenix has 9 offices in the USA, UK, Italy, Romania, Russia, and Israel.
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