Speedware Offers Time Machine Software to Legacy Modernization Customers

MONTREAL, Sept. 9 /PRNewswire/ - Speedware, a provider of IT modernization solutions, today announced that it has entered into a worldwide reseller agreement with SolutionSoft Systems, Inc., a leading provider of Intelligent Data Optimization (IDO) solutions. Speedware will be reselling Solution-Soft's Time Machine(R) software to legacy modernization and migration customers.

Speedware provides modernization solutions that resolve the current challenges facing organizations operating critical business applications on legacy platforms such as mainframes and midrange servers. These solutions replace aging 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.

Solution-Soft's Time Machine product provides virtual clocks to facilitate application testing, what-if analyses and time zone adjustment. It is a proven solution widely utilized by Fortune 100 and global 500 companies. Time Machine saves hardware & software costs, boosts engineering team productivity and ensures large scale software projects finish on time and under budget.

As legacy modernization projects involve an organization's business-critical applications, testing becomes an integral phase of the project, ensuring that the applications run seamlessly after modernization. Transaction events triggered by system time are one of many basic elements used in testing application validity. The Time Machine software lowers risk when migrating applications by demonstrating the actual performance of the application at whatever date and time is chosen.

"The addition of Time Machine is a natural fit and a great value-add feature for our legacy modernization projects," said Christine McDowell, Manager of Strategic Alliances at Speedware. "Financial institutions, insurance and government are examples of industries where transactions occur that are event-based critical. Now Speedware customers can benefit from simplified and faster testing by using Time Machine," she added.

Michael Morrison, Director of Business Development at Solution-Soft agrees, "Customers using Time Machine can expect to reduce time, resources and expenses related to testing critical time events. There is a natural fit and synergy between Solution-Soft's product and Speedware's customer base. We are excited to be working with Speedware to introduce our software application to legacy modernization and migration customers."

About Solution-Soft

Solution-Soft is the leading provider of Intelligence Data Optimization (IDO) solutions, which address the urgent need for automated management of data in complex networking environments. IDO solutions facilitate automated data selection, compression, movement and redirection that optimize high availability, storage scalability and system performance. The company has developed robust data-management software solutions for corporate data centers and storage solution providers.

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, 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. Time Machine & SolutionSoft are registered trademarks of SolutionSoft Systems, Inc. All other trademarks are the property of their respective owners.

SOURCE SPEEDWARE LTD.