BluePhoenix awarded modernisation contract in Scandinavia.
TELECOMWORLDWIRE-29 December 2008-BluePhoenix awarded modernisation contract in Scandinavia(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
BluePhoenix Solutions (NASDAQ: BPHX), a company specialising in IT modernisation projects, announced on 29 December that it has been awarded a contract by a 'large Scandinavian bank' for the modernisation of the bank's IT systems.
The work for the unnamed bank will involve the modernisation of the bank's Mortgage Loan application from a Unisys ClearPath system to an IBM mainframe, with the database being transferred to a DB2 relational database.
Work is expected to begin in the first quarter of 2009.
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