Speedware Signs $2.5M Legacy Modernization Contract with US Insurance Giant

Oct 21, 2010, 10:59 ET from SPEEDWARE LTD.

MONTREAL, Oct. 21 /PRNewswire/ - Speedware, a provider of legacy management and IT modernization solutions, today announced that it has signed a $2.5 million contract to provide legacy modernization services to one of the world's largest insurance companies based in the United States. This contract includes the sale of licenses and the provision of support and consulting services over a period of approximately 15 months.

Speedware provides modernization solutions that resolve the current challenges facing organizations operating 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.

This insurance company relies on mission-critical enterprise applications and databases that run on a legacy server platform that is being discontinued. Although they could continue running on this platform beyond its end of life, the company realized that remaining on unsupported legacy technologies increases the risk to the day-to-day operations of their business and chose to act in a timely manner.

"We are proud that our client clearly stated that our fixed pricing combined with the sheer volume of successful modernization projects we completed and references we provided were the key reasons they chose us," said Andy Kulakowski, President of Speedware. "Speedware has migrated more than 700 legacy servers and over 200 different legacy technologies. Every project was a success and every customer is referenceable. Our migration team is looking forward to helping this company achieve success as well," 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, visit Speedware at href="http://www.speedware.com/">www.speedware.com.

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SOURCE SPEEDWARE LTD.