Speedware and Brains2B Join Forces to Deliver PowerHouse-to-Java Modernization Solutions

MONTREAL, July 19 /PRNewswire/ - Speedware, a leading provider of IT modernization solutions, today announced the addition of StrongHold to its portfolio of migration offerings. StrongHold is an automated software product that converts Cognos PowerHouse code to Java. This announcement is a result of Speedware's recent alliance with Brains2B, a Netherlands-based company. Through this agreement, Brains2B grants Speedware exclusive worldwide distribution rights to its StrongHold software.

PowerHouse is a legacy 4GL application development technology developed by Cognos and used by organizations to develop business applications. Under the terms of the partnership, Speedware will become a solution provider for customers interested in modernizing their legacy PowerHouse applications by converting the code to an enterprise Java solution. Legacy modernization projects are performed to resolve the current challenges facing organizations operating critical business functions on legacy platforms. For the PowerHouse user community these challenges include high license fees and support costs, platforms that have become obsolete, being locked into a technology that is dependent on legacy skills, and the rising costs for resources. Through IT modernization, PowerHouse customers are able to adopt leading-edge systems and technologies without losing the investment in their legacy systems.

As part of the agreement Speedware will provide all-encompassing solutions that address data and databases and third-party technologies as well as providing worldwide support. The partnership also covers marketing, sales and joint development efforts to support automated migrations. For more information on PowerHouse to Java modernizations, visit www.speedware.com/powerhousetojava.

"We have seen an increased demand from the PowerHouse user base for solutions that can modernize PowerHouse applications to Java," said Christine McDowell, Manager of Strategic Alliances at Speedware. "The StrongHold automated software can do this with reduced risk and less cost when compared to other options such as rewriting the code or replacing the legacy applications with packaged applications," she explained.

"I am very happy to combine our StrongHold product with Speedware's experience in modernization solutions," said Dennis Groenendijk of Brains2B. "Speedware's expertise in the process and methodology of modernization is what makes them such a valuable partner. Their ability to deliver end-to-end modernization solutions that are integrated into the customer's IT environment adds real value to our automated software," he added.

About Speedware

Speedware has been dedicated to helping companies modernize their business applications for over 15 years and enjoys a 100% project success rate. The company specializes in developing end-to-end modernization solutions that allow industry and government leaders to increase their business agility and reduce their operational costs.Speedware has been a leading provider of enterprise software solutions since 1976, offering a complete suite of legacy modernization, migration and application portfolio management solutions, business intelligence tools and application development solutions.

For more information about PowerHouse to Java solutions, visit Speedware at www.speedware.com/.

About Brains2B

Brains2B is a Netherlands-based company dedicated to the design, development and maintenance of software solutions for customers' real life problems. Solutions range from customer-specific components and applications to products that address similar challenges facing other customers.

Brains2B works closely with a network of motivated companies and professionals when other expertise is needed to develop and market those software solutions.

For more information, please visit Brains2B at www.brains2b.nl.

This announcement relating to Speedware Inc. (the "Company") may contain statements that are forward looking such as, but not limited to, statements concerning (our or the Company's) future revenues, plans, trends, technology, products, services or contractual relationships, the Company's execution or other statements that are not historical facts. These statements are based on our current expectations and are, by their very nature, subject to risks and uncertainties which could materially affect the Company's results, including, without limitation, market demand for products and technology, the Company's ability to successfully execute, meet contractual obligations, and satisfy customer requirements or expectations, the integration and utilization of the Company's technology and products with technology and products supplied by others, customer acceptance of the Company's products or services, and the retention and deployment of skilled service providers. As a result, we cannot guarantee that the forward-looking statements will materialize. The forward-looking statements speak only as of the date of this announcement and are subject to change after such date. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements.

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SOURCE SPEEDWARE LTD.