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BluePhoenix Agrees To Acquire ASNA For Cash

Thursday, August 02, 2007 5:00:00 AM PDT | VentureDeal Staff

HERZLIYA, ISRAEL -- BluePhoenix Systems (Nasdaq: BPHX) announced the signing of a letter of intent to acquire ASNA of San Antonio, for $9.5 million in an all cash transaction.

ASNA provides software upgrades to customers using IBM mid-range and legacy computer systems.  The benefits of its software is that it allows these types of clients to squeeze the maximum life-span from their investment in older systems.

BluePhoenix is acquiring ASNA in order to expand its legacy software offerings into the IBM mid-range market.

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