BNET Industries
Market Cap:$54.6M
Last Fiscal Year Sales:$91.7M
- Public
- IL
Dow Jones Description
Develops & Markets Software Tools; Provides Consulting Services for the Implementation of Complex Conversion Projects for Main Frame Computer Systems
Number of Employees 804
Peer Companies
NAICS Code Computer Systems Design Services: 541512
Recent Events
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BluePhoenix BPHX Awarded Multi-Million Modernization Contract from IBM IBM
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BluePhoenix Solutions Wins Multi-Million Dollar Contract by IBM
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BluePhoenix buys DSknowledge assets for $3.7m: CEO Yaron Tchwella: In the third quarter, we started...
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BluePhoenix Solutions Inks Deal To Acquire Certain Assets Of DSKnowledge - Quick Facts
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BluePhoenix Expands Product Portfolio to Knowledge Management Modernization
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BluePhoenix Solutions to Announce 2009 Third Quarter Results on...
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BRIEF: BluePhoenix raises $4.2m in placement: BluePhoenix will use the net proceeds to repay debt,...
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BluePhoenix Completes IT Modernization Project for Israel Local Authorities Data Processing Center LADPC
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BluePhoenix Solutions Ltd. BPHX reports 3rd Quarter ending September 2009 above estimates
News & Analysis
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bluephoenix solutions - All News and Analysis
BluePhoenix Solutions Names New CFO.
M2 PRESSWIRE-9 May 2007-ExplorationInvestor: BluePhoenix Solutions Names New CFOC1994-2007 M2 COMMUNICATIONS LTD RDATE:09052007 Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and large cap needs. While working to...
BluePhoenix Solutions Announces Strategic Acquisition of Russian Off Shore Facility.
M2 PRESSWIRE-9 May 2007-ExplorationInvestor: BluePhoenix Solutions Announces Strategic Acquisition of Russian Off Shore FacilityC1994-2007 M2 COMMUNICATIONS LTD RDATE:09052007 Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and ...
BluePhoenix Credit Card Technology Selected by Volvofinans Group.
M2 PRESSWIRE-19 March 2007-Headline Maker: BluePhoenix Credit Card Technology Selected by Volvofinans GroupC1994-2007 M2 COMMUNICATIONS LTD RDATE:19032007 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets....
Authentidate Holding Corp. Launches TrueBlue.
M2 PRESSWIRE-2 November 2006-StockProfiler.US: Authentidate Holding Corp. Launches TrueBlueC1994-2006 M2 COMMUNICATIONS LTD RDATE:02112006 New York, NY - Authentidate Holding Corp. (Nasdaq: ADAT); LookSmart, Ltd. (Nasdaq: LOOK); BluePhoenix Solutions (NASDAQ: BPHX); Tucows Inc. (AMEX:TCX); Zix Corporation (Nasdaq: ZIXI) Sign...
BluePhoenix Completes Fast-Track Lira Conversion for Oyak Pension Fund to Meet Currency Redenomination Deadlines in Turkey
MILAN, Italy & HERZLIA, Israel -- Project Uses Automated LiraEnabler Tool to Reconfigure Monetary Data in 12 Major Applications for Armed Forces Pension Fund BluePhoenix Solutions (Nasdaq:BPHX), the leader in Enterprise IT Modernization, announced the successful completion of a large-scale currency conversion project for Oyak, a major Turkish pension...
The Standard Life Assurance Company Chooses BluePhoenix to Deliver Open Solutions with BluePhoenix AppBuilder
LONDON & HERZLIA, Israel -- BluePhoenix Solutions (Nasdaq:BPHX): --Product Enables Seamless Integration with Existing and New Applications --Scalable Deployment to Distributed Platforms with Support for Open Systems BluePhoenix Solutions (Nasdaq:BPHX), the leader in Enterprise IT Modernization, today announced that The Standard Life Assurance Company, one of Europe's...
BluePhoenix Signs Partnership Agreement With Turkey's Serena; Joint Project Begun to Implement BluePhoenix LiraEnabler at Oyak
MILAN, Italy & HERZLIA, Israel -- Automated LiraEnabler to Address the Redenomination of Turkey's Currency; Up & Running in Two Weeks in Order to Be Ready for End of Year Deadline BluePhoenix Solutions (Nasdaq:BPHX), the leader in Enterprise IT Modernization, today announced that it has signed a partnership agreement...
BluePhoenix Solutions signed deal with large system integrator in
BluePhoenix Solutions, a player in Enterprise IT Modernization, Tuesday announced that it has signed a partnership agreement with Serena Information Technologies, a large system integrator in Turkey. Under the agreement, BluePhoenix will supply Serena with its products, tools and services for modernization projects in Turkey. The companies' first joint project...
Removing Redundancies: Under Merrill's Wing: BluePhoenix
Old houses have often had their systems upgraded and added to multiple times over the years. The result can be a tangle of wires, some no longer needed, that is difficult to trace and understand. CIOs have a name for it: spaghetti. And spaghetti is essentially what many IT...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Yaron Tchwella | CEO |
| Eliezer Harkavi | Coo |
| Varda Sagiv | Cfo |
| Alan Zwiren | Vice President, Partners & Strategic Alliance Sales |
| Eliezer Harvaki | Vice President, Israel & Offshore Services & Delivery |
| Freddi Dreier | Vice President, European Services & Delivery |
| Greg Schottland | Vice President, Sales, North America |
| Javier Jimenez | Vice President, Sales, Americas |
| Mario Zerini | Vice President, Sales, South Europe & Asia |
| Oren Gil-Or | Vice President, Sales, EMEA & APAC |
| Pesach Galon | Vice President, Sales |
| Reinhard Wetzel | Vice President, Central Europe |
| Thomas O'Connell | Vice President, R & D |
| Tsipora Cohen | Vice President, Worldwide Marketing |
| Tzvia Shmuelevich | Vice President, Worldwide Delivery |
| Yossi Shemesh | Vice President, Operations |
| Theis Eichel | General Manager, Northern & Central Europe |
| Eden Kim | Reg Director, Asia, Sales, Business Dev & Customer Care |
| Yael Peretz | General Counsel |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arik Kilman | Executive Chairman |
| Gur Shomron | Board of Directors |
| Michael Chill | Board of Directors |
Mr. Tchwella joined BluePhoenix in August 2008. He brings to this position more than 25 years experience and leadership in the high technology industry and vast experience in leading and managing global organizations. With considerable experience and the ability to turn strategy and vision into quantifiable results, Mr. Tchwella is responsible for the overall activities of the Company. Mr. Tchwella most recently served from 2007 to 2008 as president of Comverse Inc., a world leader in providing value added services to more than 500 of the largest global telecommunication companies. In this role he had direct responsibility for defining and executing the company vision and strategy, and managing thousands of employees in all financial, operational and organizational aspects. Prior to this position and as part of his 11 years at Comverse, Mr. Tchwella served as president of the Messaging Division and a member of the executive management team at Comverse. He has also held various executive managerial positions within the product, delivery and customer-facing organizations. Prior to joining Comverse, Mr. Tchwella held engineering and managerial positions over a 13 year period at Advanced Technology Ltd., known today as Ness Technology.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | CEO | Current |
Mr. Harkavi is responsible for the Legacy Modernization Line of Business at BluePhoenix. Prior to this, he served as the VP of Delivery and R&D in BluePhoenix Solutions. Mr. Harkavi has 30 years of experience in the software market, in a range of operational, delivery, sales, and marketing roles. Prior to the merger with BluePhoenix, Mr. Harkavi served as VP of Operations at Crystal Systems Solutions Ltd. While there, he played a key role in the successful growth and expanded operation of the company. Mr. Harkavi established the Crystal worldwide delivery and sales infrastructure and delivered a fast revenue increase. Previous roles included regional sales and delivery management. Prior to Crystal, Mr. Harkavi served for 10 years as a Director of Software Development at Aurec, currently Amdocs Ltd., a worldwide leader in Customer Care and Billing Systems. His responsibilities included management of several major development and implementation projects in the USA and Europe. He led to completion a series of very large implementation activities, managing hundreds of people and tens of millions of dollars, for Pacific Bell Directories, GTE, SBC, and RHDonelley. The development activities that he led had a crucial impact on the business growth of Amdocs and helped open new markets. Previously, Mr. Harkavi was Branch Manager at Cav Systems, a software firm that develops and markets online, multi-user data processing commercial packages based on Digital’s VAX/VMS platform. While there, Mr. Harkavi established a new branch of the company and made it a dominant player in the travel services and customs systems markets. Prior to that he held the position of System Manager at Aman Management Consulting and Kappa Consulting. Mr. Harkavi holds a BS in Industrial Engineering and Management (cum laude) from the Technion, Israel Institute of Technology.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Coo | Current |
| BluePhoenix Solutions | Vice President General Manager, Operations | Former |
Ms. Sagiv became the Chief Financial Officer of BluePhoenix in June 2007. Between the years 1998-2007, Ms. Sagiv served as the CFO of Formula Ventures Funds, a venture capital funds company in the IT and communication arena. For different terms during 1997-2007, she also served as the CFO of several fast-growing subsidiaries of Formula Group such as Airports Intersystems Technologies Ltd., Clockwork Solutions Ltd., and Transtech Control Ltd. In addition, Ms. Sagiv served as a CFO of Jewelex Ltd., an Israeli publicly-traded company, and as an auditor manager in the accounting firm Goldberg & Co. Ms. Sagiv holds a BA in Accounting from Tel Aviv University and is a Certified Public Accountant in Israel.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Cfo | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Partners & Strategic Alliance Sales | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Israel & Offshore Services & Delivery | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, European Services & Delivery | Current |
Greg Schottland has over 20 years of high-tech industry experience. Prior to his role as Vice President ASNA, he was the VP of North America Sales for BluePhoenix and ASNA. Mr. Schottland joined BluePhoenix through the acquisition of CodeStream (formally Xitec Software) where he served as President. Greg also founded and led Advanced Software Technologies, an object-oriented software design tools provider. Greg has worked for Bell Laboratories, Lockheed Martin and IBM in both technical and business related positions, enabling him to bring both a strong background in software development and technology, along with a sharp focus on the business realities of building and growing successful technology companies. Mr. Schottland holds an M.S. in Computer Science from the University of Illinois and a B.S. in Business from the University of Colorado.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Sales, North America | Current |
| BluePhoenix Solutions | General Manager, ASNA | Current |
Mr. Jimenez was the founder and CEO of Scientia Network Solutions, a technology and consulting company specializing in helping young technology companies to enter the International Markets, before joining BluePhoenix. Prior to Scientia, Mr. Jimenez served as Vice President and General Manager of Comverse Latin America from 2003 to February 2008 where he had overall responsibility for sales and marketing of all Comverse products to wireline and wireless operators in Latin America. From 1994 to 2000 he held a variety of management positions within Comverse including: Sales, Program Management and Channel Management. From 2000 to 2002, he was Vice President of Sales Latin America for iWeb Technologies, a start-up manufacturer of Internet messaging and Ad Delivery technology, and was responsible for the planning and execution of iWeb’s entry into the Latin America Telco and ISP markets. From 1984 to 1994, he held a variety of Engineering Management positions for Lucas Aero Space, a Long Island New York Defense Contractor, specializing in Avionic Weapon Systems and Microwave Communications. Mr. Jimenez received a Bachelors of Science in Electrical Engineering through the United States Air Force, an MBA from the Dowling Institute in New York and also completed the Global Leadership Program in Organizational Structure through the Technion Institute of Management in co-operation with MIT and Harvard Schools of Business.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Sales, Americas | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Sales, South Europe & Asia | Current |
| BluePhoenix Solutions | Reg Director, S Europe & Asia | Former |
Oren Gil-Or has more than 18 years Sales and Marketing experience within the Software industry. Prior to BluePhoenix, Mr. Gil-Or was the Senior Director of Marketing for BMC Software Asia Pacific, where he managed the Asia Pacific marketing, Business Planning and Inside Sales teams and was a part of the BMC Asia Pacific Senior Leadership team. Mr. Gil-Or previously served as the Marketing Director for the Application Management Business Unit within BMC Software as well as a field marketing director within the worldwide marketing organization. Preceding BMC Software, Mr. Gil-Or served as the international sales director for New Dimension. Mr. Gil-Or holds an MBA from Tel-Aviv University and a BSc in Computers Science from Ben-Gurion University.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Sales, EMEA & APAC | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Central Europe | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, R & D | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Worldwide Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Worldwide Delivery | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | General Manager, Northern & Central Europe | Current |
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Reg Director, Asia, Sales, Business Dev & Customer Care | Current |
Ms. Peretz has been with BluePhoenix since 2000, and is responsible for all legal activities related to corporate transactions and on-going business. Before joining BluePhoenix Ms. Peretz worked as Associate Attorney at Shine, Hunter, Martin & Co., a global law firm. Ms. Peretz holds an LLB from the Hebrew University in Jerusalem, and an MA in Business Administration from Tel Aviv University. Ms. Peretz is a member of the Israel Bar.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | General Counsel | Current |
As Executive Chairman plus principal shareholder of BluePhoenix since May 2003, Mr. Kilman is responsible for managing the company and defining its strategic direction, focusing his efforts on European sales, large enterprise transactions, and strategic partnerships. He also ensures that BluePhoenix has exceptional technology and operational talent delivering end-to-end solutions to global 1000 clients. Mr. Kilman brings to BluePhoenix over 25 years of management experience, including international acquisitions and strategic planning in both private and public companies. Mr. Kilman served as president and CEO of BluePhoenix Solutions B.V. since its inception in October 2001, following an acquisition of a Level 8 Systems business unit. Despite an unfavorable business climate, Mr. Kilman was able to deliver increased profitability. In early 2003, Mr. Kilman drove the merger between BluePhoenix Solutions and Crystal Systems, a public company that delivers legacy integration solutions, and formed the market leader in Enterprise IT Modernization. Prior to BluePhoenix Solutions, Mr. Kilman was Chairman and CEO of Level 8 Systems, which provided products and services in the Enterprise Integration market. During his tenure at Level 8, Mr. Kilman guided the company through two acquisitions, driving revenue growth from $10M to $85M. Mr. Kilman has a BS in Computer Science and a BA in Economics, both from Bar Ilan University in Israel.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Executive Chairman | Current |
| BluePhoenix Solutions | CEO | Former |
Gur Shomron joined our board of directors and appointed as a member of our audit committee in July 2005. Mr. Shomron serves as the chairman of the board of directors of Fidelis Diagnostics Inc. since 2004. Prior to that, Mr. Shomron served as Venture Partner at StageOne VC fund. Mr. Shomron is also a management consultant for Bet Israel 101 Ltd. and serves as a director of our subsidiary, Mainsoft, and of several other privately-held high technology companies.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Board of Directors | Current |
Michael Chill has served as one of our independent directors and a member of our audit committee since July 2003, in accordance with the Nasdaq rules. Recently, Mr. Chill was designated as the financial expert on our audit committee. From July 2003, Mr. Chill has served as investment manager at the hedge fund Iroquois Capital LOP. Prior to that, Mr. Chill was an independent advisor to various high technology companies and venture capital firms both in Israel and the United States. During 2002 and the first half of 2003, Mr. Chill served as the president and head of investment banking department at Jerusalem Global Ltd., a venture capital and investment banking firm. Prior to that, from 1999, Mr. Chill served as a managing director in the technology investment banking group at Gruntal and Co. Mr. Chill holds a B.S. in accounting from the Sy Syms School of Business at Yeshiva University and an MBA from the Columbia Business School.
| Organization | Position | Status |
|---|---|---|
| BluePhoenix Solutions | Board of Directors | Current |
Executive News
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BluePhoenix Completes IT Modernization Project for Israel Local Authorities Data Processing Center (LADPC)
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BluePhoenix Solutions Ltd. (BPHX) reports 3rd Quarter ending September 2009 above estimates
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BluePhoenix beats forecasts on lower results: The analysts' consensus was non-GAAP earnings per share of $0.05.
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BluePhoenix Solutions Reports Second Quarter Results
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BluePhoenix Q2 Loss Narrows; Adj. EPS Beats View - Update
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BluePhoenix Solutions Reports Second Quarter Results
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BluePhoenix Solutions Reports Second Quarter Results
| Volume | 86,083 |
| Shares Outstanding | 20.8M |
| Market Cap | 54.6M |
| Year High | 3.97 |
| Year Low | 1.35 |
| Earnings Per Share | -0.37 |
| P/E Ratio | N/A |
| Dividend | 0.00 |
| Yield | 0.00 |
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