Crystal changes name to BluePhoenix Solutions

The name change follows the recently completed acquisition of Liraz and its wholly owned subsidiary, BluePhoenix.

Globes correspondent, 10 Aug 03 12:33

Crystal Systems Solutions (Nasdaq:CRYS - news) a provider of IT modernization solutions, today announced that it had changed its name to BluePhoenix Solutions and its Nasdaq ticker to BPHX.

Crystal said shareholders approved the name change, which was proposed following the recently completed acquisition of Liraz and its wholly owned subsidiary, BluePhoenix Solutions.

BluePhoenix Solutions CEO Arik Kilman said, "This final step in the acquisition process consolidates our global activities under one name, and changing the Nasdaq ticker symbol finalizes the corporate standardization."

"BluePhoenix is recognized worldwide as the company to turn to for enterprise-scale application development projects. By using the BluePhoenix name, we will leverage the existing global infrastructure, as well as the positive reputation, to benefit the consolidated company by further enhancing our global visibility and expanding our market reach," Kilman concluded