STRONG DEMAND FOR LEGACY IT MODERNIZATION SERVICES.

Mainframe Computing, July, 2009

BluePhoenix Solutions (NASDAQ: BPHX), Cary, N.C. a leader in value-driven IT modernization solutions, has released the results of a commissioned study conducted by Forrester Consulting on behalf of BluePhoenix that demonstrate a strong demand from North American businesses for legacy IT migration and modernization services.

The study, conducted during the first quarter of 2009, was designed to corroborate the motivations that enterprises have when looking to undertake legacy modernization, to reveal specific technology solution needs, and to gain insight into their preferred modernization project models. Of 985 businesses that were surveyed, over 30% indicated that they had allocated budget to legacy modernization activities in the 2009/2010 timeframe. ...

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