project management of migrations; ● understanding and mapping of the applications; ● testing; ● remediation; and ● on-going monitoring and management of the environments. ● On December 1, 2014, we completed a merger with Sophisticated Business Systems, Inc., a Texas corporation doing business as At the closing, BP-AT Acquisition LLC, a Delaware limited “Ateras” (“Ateras”). liability company and a direct, wholly-owned subsidiary of Modern Systems Corporation (f/k/a BluePhoenix Solutions USA, Inc.), a Delaware corporation and an indirect, wholly-owned subsidiary of ModSys International Ltd., merged with and into Ateras (the As a result of the Ateras Merger, the separate corporate “Ateras Merger”). existence of BP-AT Acquisition LLC ceased and Ateras continued as the surviving corporation and a wholly-owned subsidiary of Modern Systems Corporation. The surviving entity was then renamed MS Modernization Services, Inc. 10
● project management of migrations; ● understanding and mapping of the applications; ● testing; ● remediation; and ● on-going monitoring and management of the environments. On December 1, 2014, we completed a merger with Sophisticated Business Systems, Inc., a Texas corporation doing business as “Ateras” (“Ateras”). At the closing, BP-AT Acquisition LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of Modern Systems Corporation (f/k/a BluePhoenix Solutions USA, Inc.), a Delaware corporation and an indirect, wholly-owned subsidiary of ModSys International Ltd., merged with and into Ateras (the “Ateras Merger”). As a result of the Ateras Merger, the separate corporate existence of BP-AT Acquisition LLC ceased and Ateras continued as the surviving corporation and a wholly-owned subsidiary of Modern Systems Corporation. The surviving entity was then renamed MS Modernization Services, Inc. 10
f10q0616_modsysinterEDGAR13.docx