Speedware Signs $2.5M Legacy Modernization Contract with US Insurance Giant
MONTREAL, Oct. 21 /CNW Telbec/ - 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 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.
For further information:
Dani Knezevic
Speedware
514 747-7007, ext. 8404
[email protected]
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