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Security Profile
- Security Type
- Common Stock
- CUSIP
- M20157117
- Market Cap
- Micro Cap · $66 Million
- Previous Symbol
- BPHX (changed 12/3/2014)
- Previous Name
- BluePhoenix Solutions Ltd
Business: ModSys International Ltd delivers the widest range of solutions for transitioning legacy systems to modern platforms. Modern Systems will serve over 200 enterprise customers in the insurance, financial and retail industries from offices in North America, Western Europe, Eastern Europe and the Middle East. The company will also provide services for government entities in the United States, United Kingdom, Canada, Singapore and the Netherlands.
Notes: December 1, 2014 -- BluePhoenix Solutions Ltd. (NASDAQ: BPHX) and Sophisticated Business Systems, Inc. (d/b/a ATERAS) announced the closing of the merger of the two companies. The combined company will be a leading provider of legacy modernization services for Fortune 1000 businesses and government agencies worldwide. The new combined company will adopt the Modern Systems brand identity and be headquartered in Seattle, Washington. Since the merger agreement was announced in August, the two companies have been preparing an integration plan designed to rapidly combine the operations of the two companies into one. The plan is now substantially complete. BluePhoenix Solutions Ltd. has notified NASDAQ that it will be changing its trading symbol from BPHX to MDSY. BluePhoenix Solutions Ltd. has also obtained shareholder approval to change the name of BluePhoenix Solutions Ltd to Modsys International Ltd, to be consistent with the new Modern Systems brand identity. The name change is expected to take place soon.
Company Contact
- CEO
- Matt Bell
- CFO
- Rick Rinaldo
- Headquarters
- 601 E Union Street, Suite 4616, Seattle, WA 98101
- Phone
- 206-395-4152
- Investor Relations
- 206-395-4152 · investors@modernsystems.com