Modsys International Ltd 6-K 2006
SECURITIES AND EXCHANGE
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For January 19, 2006
8 Maskit Street,
Herzlia 46120, Israel
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-.....................
This report on Form 6-K is hereby incorporated by reference in the Registration Statement on Form F-3 (Registration No. 333-116044) as amended, filed by BluePhoenix Solutions Ltd. under the Securities Act of 1933, to the extent not superseded by documents or reports subsequently filed by BluePhoenix Solutions Ltd. under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Attached to the Registrants Form 6-K for January 19, 2006 and incorporated by reference herein is the Registrants immediate report dated January 19, 2006.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: January 19, 2006
T-Systems and BluePhoenix signed a Master Agreement for IDMS to DB2 Migrations
Expected Revenue to BluePhoenix is $30 Million Over the Next Five Years
FRANKFURT, Germany & HERZLIA, Israel January 19, 2006 BluePhoenix Solutions the leader in Enterprise IT Modernization, and T-Systems Enterprise Services GmbH (T-Systems), one of the largest providers of IT and Network solutions, announced today that they have signed a framework agreement to address the legacy modernization needs of a large German enterprise. BluePhoenix, acting as subcontractor for T-Systems, will migrate the legacy databases to modern relational standard databases. The migration will be performed using the automated BluePhoenix DBMSMigrator for IDMS tool.
The T-Systems customer has been using COBOL IDMS Batch/On-Line (DB/DC) programs and IDMS DB records in its various enterprise applications. As part of a cost saving plan, the combined solution of BluePhoenix automated technology and T-Systems experienced consulting team will migrate the databases and programs to modern COBOL Batch/CICS applications on RDBMS DB2.
Under the terms of the agreement,
T-Systems will manage and implement the project segments ordered by their client while
BluePhoenix will provide its unique line of IT modernization tools for the understanding
and migration of the IDMS systems. Based on discussions with T-Systems and the timeline
for their client to sign purchase orders, the expected total scope for these project
segments is estimated at $25 million over the five year master agreement. The contract has
an optional extension of two years.
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 Companys tools, successful implementation of the Companys tools, competitive factors, the ability to manage the Companys growth, the ability to recruit and retrain 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.