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Press Releases
version française
Speedware Ends Year with Successful Completion of Five IT Modernization Projects
Montreal, Quebec (February 19, 2009) -- Speedware Ltd., a leading provider of IT modernization solutions, today announced the successful completion of five customer legacy modernization projects. The projects were all completed within the last six months of 2008 and involved a variety of customers across different geographies and industries.
IT modernization projects are performed to resolve the current challenges facing organizations, including the increasing cost for maintenance, licenses and support of legacy systems, as well as an increasing shortage of resources experienced in legacy applications. By moving to modern computing platforms, enterprises are able to increase their business performance, agility and competitiveness while reducing ongoing operating costs. Speedware works closely with executives to define modernization strategies that will manage risk and close the technology gap between legacy and modern systems.
Speedware’s recent modernization customers represent a very diverse group including a top-ranking U.S. healthcare organization, a heavy-equipment and machinery dealer and a financial investment firm managing over $20 billion in assets. These organizations, located in North America, Central America and Australia, are part of a global customer base. Depending upon the customer’s specific requirements and budget, some of the modernization projects were fully managed by Speedware’s professional services team while others were turn-key code conversions in which application code was migrated using Speedware’s automated tools and then returned to the customer for integration and testing. While some were multi-million dollar projects spanning more than 18 months, others were completed within only three months. The common denominator in each case was the successful modernization of complex and outdated legacy systems.
"IT modernization continues to be a priority for business. Speedware has helped organizations modernize a wide variety of technologies during this past year. With the successful completion of each new project, we hope to demonstrate that legacy modernization is a win-win proposition." said Andy Kulakowski, General Manager of Speedware. "During difficult economic times, the ability to reduce costs while improving efficiency is critical. Regardless of their size or the industry in which they operate, companies can benefit from the improved business agility and reduced maintenance costs that can result from an IT modernization project."
Speedware Ltd. is a leading provider of enterprise software solutions and offers a complete suite of legacy modernization, migration and application portfolio management solutions, business intelligence tools and application development solutions. Speedware has been dedicated to helping companies modernize their business applications for over 30 years. With a distribution network spanning 35 countries, Speedware offers market leaders the end-to-end solutions that allow them to react quickly to the needs of a changing business. Speedware Ltd. is a wholly-owned subsidiary of Activant Solutions Inc., a leading US-based technology provider of business management solutions serving distributors and specialty retailers since 1972. For more information, visit www.speedware.com.
For more information:
Dani Knezevic
Speedware Ltd.
514 747-7007, ext. 8404
dani.knezevic@speedware.com
This announcement relating to Activant and Speedware (together the "Company") may contain statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, such as statements concerning trends, future revenues, technology, products, services or contractual relationships, or the Company’s execution. These statements are based on current expectations and are 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. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements. Please refer to Activant’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2008 and Annual Report on Form 10-K for the year ended September 30, 2008, which have been filed with the Securities Exchange Commission and can be found through the Activant investor relations website at www.activant.com/company/investors for a full discussion of the risks and other factors.
Note: Activant and the stylized Activant logo design are registered trademarks Activant Solutions Inc. and Speedware is a registered trademark of Speedware Ltd. All other trademarks are the property of their respective owners.
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