BluePhoenix Solutions (BPHX) disclosed that it had been chosen to deliver a project to modernize and re-host legacy mainframe applications and data stores over the next two year. The contract would be worth about $12 million, noted BluePhoenix.For the project, BluePhoenix would be using its automated modernization toolset to migrate legacy applications and databases to a Microsoft platform and SQL Server. The purpose of the project is to lower total cost of ownership of the systems by 50% and increase operating efficiencies and future development agility, said BluePhoenix.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.