BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, today announced that it was awarded a one million dollar contract from a leading global entertainment company to modernize their Natural/ADABAS. The customer selected BluePhoenix to modernize the Natural/ADABAS environment in order to reduce the cost structure and improve flexibility. In choosing BluePhoenix to provide this solution, the customer will preserve a fully functional equivalent of the applications in the new Windows environment. The new solution is reliable, flexible and cost effective and enables the customer to develop its business without the constraints imposed by the legacy technology. “We are very pleased to be awarded with this deal. We are seeing an increase in the number of enterprises seeking to modernize their Natural/ADABAS environment that is driven by the high cost structure and the desire for an open flexible solution,” said Yaron Tchwella, CEO, BluePhoenix Solutions. “This contract is yet another testimony that our automated modernization tools for Adabas are leading the market and that our proven track record has helped us expand our presence worldwide.” 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 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. Among its prestigious customers are: Aflac, Capita Group, CareFirst, Citigroup, Danish Commerce and Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota, and Volvofinans. BluePhoenix has 14 offices in the USA, UK, Denmark, Germany, Italy, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel.