The IntraComp Group Becomes the BluePhoenix US Solution Center; Brings Over 18 Years of Experience In Global Large Scale Platform Migration Projects.Business Editors/High-Tech Writers CARY, N.C. & HERZELIA, Israel--(BUSINESS WIRE)--Aug. 25, 2003 BluePhoenix Solutions (Nasdaq:BPHX), the leader in Enterprise IT Modernization, today announced that effective September 1, 2003, IntraComp Group, Inc. (ICG ICG indocyanine green. ) will become the BluePhoenix US Solution Center. This change, as part of a company-wide consolidation strategy, follows the completion of ICG's acquisition by BluePhoenix during the second quarter of 2003. Based in South Bend, Indiana This article is about the city in Indiana, US. For other uses of the name South Bend, see South Bend (disambiguation). South Bend is a city in St. Joseph County, Indiana, United States. , ICG was formed in 1985 as a technology transfer company to perform Honeywell/Bull platform conversions. ICG distinguishes itself by providing highly reliable, large-scale, mission-critical conversion and migration projects. This unique ability to deliver desired and efficient results is based on ICG's proprietary conversion tools and extensive project management experience. Its model incorporates a remote "solution center" approach that provides a higher level of expertise to each project, while simultaneously reducing costs. "The integration of ICG into BluePhoenix is part of our overall strategy to encourage all business units to share the business objectives of the parent company, without conflicting interests," said Arik Kilman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BluePhoenix. "It will help streamline operations, increase our visibility in the Enterprise IT Modernization market, and further expand the range of IT environments we support. The experienced ICG team will make an invaluable addition to our company as they have utilized and refined their conversion methodology over the past 18 years, providing a proven execution model that directly contributes to effective solutions and the elimination of runaway project costs." Since its incorporation, ICG has performed numerous large-scale Bull migration projects and other conversions including DOS/VSE (Disk Operating System/Virtual Storage Extended) An IBM multiuser, multitasking operating system that was widely used on IBM's 43xx series. It used to be called DOS, but due to the abundance of DOS PCs, was later renamed VSE. to MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. , COBOL COBOL: see programming language. COBOL in full Common Business-Oriented Language. High-level computer programming language, one of the first widely used languages and for many years the most popular language in the business community. to COBOL-II, and IDMS See CA-IDMS and IDMSX. 1. (language, database) IDMS - A pictorial query language, an extension of Sequel2. ["A Management System for an Integrated Database of Pictures and Alphanumeric Data", G.Y. Tang, Computer Graphics Image Processing 16:270-286 (1981)]. to DB2. The company has provided technology solutions to customers spanning a wide variety of industries. Its customer list includes Shaw Industries, Ashland Chemical, The Associates, Bell Canada, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , the State of Illinois and Underwriters Laboratories. "Using their phased approach and extensive migration experience, IntraComp performed the project in a safe and controlled manner," said Jim Berry, Shaw Industries' VP and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. . "Since Shaw processes over 2 million online transactions daily, a seamless and error free migration was required. With ICG, we have achieved our goals four months ahead of schedule and within budget, while still keeping the business running." About BluePhoenix Solutions BluePhoenix Solutions (Nasdaq:BPHX) develops and markets cost-effective Enterprise IT Modernization solutions that enable clients to extend 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 their existing systems through integrated Understanding, Migration, Transformation and Development tools and services. The company has 11 offices throughout the world, five of them full-service delivery centers, including the US, UK, Denmark, Germany, Italy, the Netherlands, Israel, Cyprus and Romania. BluePhoenix Solutions' major shareholder is the Formula Group (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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