If this happens, this will be the one of the largest projects in Israel. The ramifications are enormous.
They've talked about it for years. They've instituted bits and pieces over time, but now it appears to be true.
Bituach Leumi (Social Security) has announced they will be issuing a tender to replace their mainframe and all its embedded software with newer, more open systems and packages. (Just two years ago, at Bituach Leumi’s request, some members of DigitalIsrael quietly wrote up a study of one possible alternative, the internal ramifications of such a project, and how it should be safely implemented.)
Currently all of Bituach Leumi's major financial transactions are done on, or stored on the mainframe.
This will clearly be a serious blow for IBM Israel (if they don't win the tender) as Bituach Leumi currently pays IBM the majority of the Mainframe license fees for all of their mainframes (and mainframe upgrades) and software such as MVS, DB2, CICS, etc - And we are talking serious million$.
Bituach Leumi has been looking into alternatives to the mainframe for years.
A project of this magnitude will provide jobs and projects for decades for whichever consortium of companies wins this prize.