Global Industrial Equipment Leasing Company Selects BluePhoenix for Major Modernization Project

BluePhoenix Solutions (NASDAQ: BPHX), the leader in Enterprise IT Modernization, announced today that it has been selected by a leading global equipment leasing firm for a major IT modernization project. The project involves migrating the company's ADABAS/Natural applications to Java (J2EE) using a relational database - Oracle 10g, which is expected to upgrade customer service, reduce time to market of new offerings, and reduce operating costs.

The client is a major global equipment leasing company for the construction, oil, gas and natural resources development, manufacturing, utilities, infrastructure and governmental agencies sectors. As part of its larger plan to consolidate around newer technologies and Web-enable their systems, the company has decided to migrate its ADABAS/Natural applications to a Java-based environment, using the Oracle 10g database system running on Linux. The process will convert approximately 2,500 online and batch programs and over one million lines of code.

The project will involve using the automated BluePhoenix(TM) IT Discovery and BluePhoenix(TM) DBMSMigrator for ADABAS/Natural solutions. DBMSMigrator takes the source code of a complete Natural application and transforms it into Java source code using a Web-based HTML/JSP user interface accessing any relational database via JDBC. What was once a closed, proprietary, and inflexible application, will become an open, standardized component of the enterprise.

"This project follows several other large migration assignments we have completed for companies around the world," said Hanan Stempler, vice president of sales at BluePhoenix Solutions. "Our proven methodology and advanced automated tools have been shown to reduce the time, costs, and risks of undertaking a mission-critical database and application migration project such as this one for our exciting new client."

Find out more about DBMSMigrator on the BluePhoenix Solution web site: (http://www.bphx.com/database_migration.cfm?source=pr).

About BluePhoenix Solutions (http://www.bphx.com)

BluePhoenix (NASDAQ: BPHX) is a leading global provider of modernization solutions for legacy information systems. Its unique suite of automated tools and services helps customers grow revenue, reduce costs, shorten time to market, and extend the ROI of their existing legacy systems. BluePhoenix is unique in addressing the full range of IT modernization through automated migration solutions that mitigate risk, minimize IT downtime, and preserve application business logic.

BluePhoenix offerings help firms effectively plan and carry out strategic projects that enable business growth such as database, application, and platform migrations; SOA enablement; field transformations; system standardizations; application development; transformation of COBOL applications business rules to OO Java; and legacy application's maintenance.

Its solutions serve companies from numerous, diverse industries, such as automotive, banking and financial services, insurance, manufacturing, and retail. Among its prestigious customers are: Aflac, DaimlerChrysler, Lawson Products, Los Angeles County Employees Retirement Association, Merrill Lynch, RSI, SDC Udvikling, and TEMENOS. BluePhoenix has 12 offices in the USA, UK, Denmark, Germany, Italy, the Netherlands, Australia, Romania, Cyprus and Israel.

Safe Harbor: Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines.

This press release is also available at http://www.bphx.com . All names and trademarks are their owners' property.

Company Contact

Tsipora Cohen

VP, Worldwide Marketing

BluePhoenix Solutions

+1-781-652-8945

tcohen@bphx.com

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