Wednesday, BluePhoenix Solutions (BPHX) closed the acquisition of the business of DSKnowledge Ltd. for $2.25 million in cash and the assumption of liabilities of approximately $0.7 million pursuant to the asset purchase agreement executed by BluePhoenix and DSKnowledge and its affiliates on November 11, 2009. The closing conditions for the purchase of the services affiliated businesses of DSKnowledge were not fulfilled, and BluePhoenix only completed the purchase of the DSKnowledge business which includes the product business.
DSKnowledge is a leading provider of Knowledge Management software for enterprises. The company modernizes and transforms legacy data, information and content elements in enterprises into one knowledge management repository.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.