BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven IT modernization solutions, announced today that it has been awarded a contract valued approximately at two million dollars to modernize critical business systems for an international transportation company based in the US. The customer selected BluePhoenix to modernize mainframe hosted control, financial and fleet management applications and databases to the Windows platform. The main drivers for the modernization were reduction of costs associated with legacy technologies, application enhancement, improving the agility and building a modern and productive end user interface environment. “We are very pleased to be awarded with this contract. It is yet another testimony that enterprises are increasingly recognizing the potential for significant cost savings and efficiency gains from IT modernization. We are well-positioned to deliver the solutions that address these needs” said Yaron Tchwella, CEO, BluePhoenix Solutions. “In our engagements with customers around the world, we are able to demonstrate operational costs reductions, improved business agility and better efficiencies. In today’s competitive markets, IT modernization is one of the areas that can help enterprises maintain their competitiveness as a result of lower cost structure, agility, time to market and reduced risk due to resource shortage.” 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.