BluePhoenix Solutions USA, Inc., a wholly owned subsidiary of BluePhoenix Solutions LTD, the leading provider of value driven legacy IT modernization solutions, announced that in October 2013, it entered into a loan agreement for funding up to the amount of $1,000,000 with Comerica Bank.

BluePhoenix Solutions Ltd. is the leading provider of legacy application lifecycle solutions. The BluePhoenix portfolio includes a comprehensive suite of tools and services for automated database and application migration. Leveraging over 20 years of best-practice domain expertise, BluePhoenix works closely with its customers to minimize risk and provide a clear path from legacy platforms like COBOL, Natural/Adabas and others to modern solutions like SQL, DB2, Java and more. BluePhoenix customers come from diverse industries and vertical markets such as automotive, banking and financial services, insurance, manufacturing, and retail. BluePhoenix has 6 offices in the USA, UK, Italy, Romania, and Israel.