Speedware Chosen as Successful Supplier under TBIPS

MONTREAL, Sept. 30 /PRNewswire/ - Speedware, a provider of IT modernization solutions, is pleased to announce that it has been awarded the Task Based Informatics Professional Services (TBIPS) Supply Arrangement and Standing Offer to provide specialized IT professional services to the Federal Government of Canada.

TBIPS was established by Public Works and Government Services Canada (PWGSC) to facilitate the delivery of task-based Information Management and Information Technology professional services for the Government of Canada. TBIPS is the newest form of procurement vehicle being used by the Government and is the preferred contract procurement vehicle for many Federal Government departments and agencies. It was brought in to replace the existing procurement vehicles (THS, GOL, PS Online, etc).

Speedware provides legacy management and modernization solutions that resolve the current challenges facing organizations operating on legacy platforms such as mainframes and midrange servers and government is one of the key markets facing this challenge. The recent auditor-general's report stated that the federal government's aging computer systems posed a "significant risk" to operations. Speedware offers solutions that replace antiquated computing platforms with more modern, agile and flexible infrastructure and transform older, legacy computing languages to the latest technologies. Successful legacy modernization projects can result in technology consolidation and simplification, less dependency on diminishing legacy skill sets, increased business agility and lower operational costs.

Speedware has already provided IT solutions to numerous government departments and agencies in Canada and the US including the Quebec Ministry of Health and Social Services, the Department of National Defense, the Washington State Board for Community Technical Colleges and Chelan County Public Utilities. This award comes shortly after Speedware had been selected as an Apparently Successful Vendor (ASV) by the Department of Information Services (DIS) of the State of Washington.

"We are looking forward to continuing to help government departments and agencies overcome the obstacles created by outdated computer systems," said Andy Kulakowski, President of Speedware. "Qualifying under TBIPS helps us reach more public sector customers who are in need of the expertise we offer in legacy management and modernization," he added.

About Speedware

Speedware has been dedicated to helping companies manage and 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, visit Speedware at www.speedware.com.

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.

Note: Speedware is a registered trademark of Speedware Inc. All other trademarks are the property of their respective owners.

SOURCE SPEEDWARE LTD.