BluePhoenix Solutions Adds Financial Expert And Technology Veteran Tom Jurewicz To The Board Of Directors

BluePhoenix ( www.bphx.com) (NASDAQ: BPHX), the leading provider of tools and services for modernizing legacy systems and applications, announced Tom Jurewicz as a new member of the Board of Directors, effective immediately. “Tom helped run finance for VMware for 12 years. His operational expertise in helping them grow from a small startup to a huge corporation will help us be a better company,” said Matt Bell, President & CEO.

Thomas J. Jurewicz is a highly respected financial expert in the technology industry. He spent 12 years at VMware, Inc. (NYSE: VMW) where he held various financial positions including Treasurer, interim CFO, Board Member of its subsidiaries, and EMEA Controller. He was integral to the sale of the company to EMC Corp (NYSE: EMC) and its subsequent IPO. Prior to that, Mr. Jurewicz served in finance roles for CMC Industries, Inc. (NASDAQ: CMCI), and NETCOM, On-Line Communications (NASDAQ: NETC). Early in his career, he was an investment banker for Merrill Lynch & Co (NYSE: ML). Mr. Jurewicz holds an MBA from Stanford University, and a BS in Applied Mathematics from Yale University .

“I’m very excited to be involved in BluePhoenix and the turnaround that is underway,” said Tom Jurewicz. He went on to say, “This company has significantly improved the balance sheet and I expect to have many discussions in the near future about how to prepare the company for responsible growth.”

“We are honored to have experts like Tom join our board over the last 6 months. The company has changed dramatically in a very short period of time and I look forward to working with Tom and all the other new board members to grow this company in a smart and thoughtful manner,” said Bell.

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.

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