BluePhoenix Joins the Object Management Group as Platform Member; To Focus on the Architecture Driven Modernization -- ADM -- Subgroup.Business Editors/High-Tech Writers CARY, N.C. & HERZLIA, Israel--(BUSINESS WIRE)--Feb. 2, 2004 BluePhoenix Solutions (Nasdaq:BPHX), the leader in Enterprise IT Modernization, today announced that it has joined the Object Management Group (OMG (1) See Object Management Group. (2) "Oh my God!" See digispeak. OMG - Object Management Group ) as a Platform member, with full voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. and the ability to submit proposals. BluePhoenix will be focusing on the Architecture Driven Modernization Architecture-Driven Modernization is the name of the initiative of the Object Management Group (see OMG ADM Task Force website) related to extending the modeling approach to the existing software systems. (ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. ) subgroup, which plans to leverage existing OMG modeling standards to create specifications and promote industry consensus on modernization of existing applications. "The standardization of legacy modernization will help organizations by reducing the risks, time and costs involved in such initiatives. Creating software agility will enable business agility and improve the ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). of existing IT assets," said William Ulrich, president of Tactical Strategy Group, Inc. (TSG TSG The Smoking Gun (web site) TSG Technology Services Group (UK) TSG Technical Specification Group TSG Timing Signal Generator TSG Technical Support Group TSG Tumor Suppressor Gene TSG ThermoSalinoGraph ) and Co-Chair of the ADM group. "Organizations should consider modernizing production-enabled applications that fail to deliver against current business objectives. The standards that the OMG's ADM group will create aim to make the process much more efficient and cost-effective." "Our ultimate goal for the ADM group is to promote the revitalization of existing applications by leveraging existing OMG modeling standards. This will improve the productivity of software development, as well as reduce the efforts and costs required to maintain existing applications," added Ulrich. "We are very pleased that BluePhoenix has joined this group. As a key player in the Legacy Modernization market, they will make a great addition to the group." "We are looking forward to taking an active role at the OMG, where we can make a difference and be a lead player in determining ADM standards," added Ted Venema, Sr. vice president of product management at BluePhoenix Solutions. "We see a big push towards legacy modernization these days and we believe the right standards should be put in place in order to ensure interoperability between the different solution vendors and consolidate best practices." About the Object Management Group (OMG) The Object Management Group is an international, open membership, not-for-profit computer industry specifications consortium. OMG member companies write, adopt, and maintain the organization's standards following a mature, open process. Among the standards for which it is best known are UML (Unified Modeling Language) An object-oriented analysis and design language from the Object Management Group (OMG). Many design methodologies for describing object-oriented systems were developed in the late 1980s. (TM), CORBA (Common Object Request Broker Architecture) A software-based interface from the Object Management Group (OMG) that allows software modules (objects) to communicate with each other no matter where they are located on a private network or the global (R), XMI (1) (XML Metadata Interchange) An XML-based representation of a UML model. XMI is used to transfer UML diagrams between various modeling tools. See UML. (2) An earlier high-speed bus from Digital that was used in large VAX machines. (R), MDA (1) (Monochrome Display Adapter) The first IBM PC monochrome video display standard for text. Due to its lack of graphics, MDA cards were often replaced with Hercules cards, which provided both text and graphics. See PC display modes and Hercules Graphics. (TM), and MOF (1) (Managed Object Format) An ASCII file that contains the formal definition of a CIM schema. See CIM. (2) (Meta Object F (TM). With well-established standards covering software from design and development, through deployment and maintenance, and extending to evolution to future platforms, the Object Management Group (OMG) supports a full-lifecycle approach to enterprise integration which maximizes ROI, the key to successful IT. OMG's standards cover multiple operating systems, programming languages, middleware and networking infrastructures, and software development environments. For more information please visit their site at http://www.omg.org. About BluePhoenix Solutions BluePhoenix Solutions leads the IT Modernization market by developing unique solutions that enable companies to automate the process of modernizing and upgrading their mainframe and distributed IT infrastructure, thus quickly and cost-effectively extending the ROI of their existing IT systems. The company's comprehensive suite of tools and services, (including technology for Understanding, Migration, Transformation and Redevelopment), reduces the cost of renovation and speeds up the renewal process. BluePhoenix has 11 offices throughout the world, including locations in the US, UK, Denmark, Germany, Italy, The Netherlands, and Israel. The company's major shareholder is Formula Systems (NASDAQ: FORTY), an international Information Technology company principally engaged in providing software products, solutions, and services in various vertical markets. For more information, please visit our web site at www.bphx.com. 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 re·train tr. & intr.v. re·trained, re·train·ing, re·trains To train or undergo training again. re·train additional software personnel, and the ability to develop new business lines. This press release is also available at www.bphx.com. All names and trademarks are their owners' property. |
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