Speedware Signs Legacy Modernization Contract with CANNEX Financial Exchanges
CANNEX's modernization project includes moving from an HP e3000 to an HP-UX server, replacing the company's TurboIMAGE database system with an Eloquence system and migrating their Speedware V7 and Speedware Autobahn application technologies to the modern platform. CANNEX decided to retain their core technology instead of moving to newer technologies such as .NET and Java. "The business applications written in Speedware V7 and Speedware Autobahn software have brought our company incredible gains in productivity and efficiencies and have helped us to remain competitive. We don't believe those efficiencies can be rivaled by other technologies such as .NET or Java," said
Legacy modernization is increasing in importance as more companies realize that it is both costly and risky to continue doing business using older computing environments. Legacy modernization can extend the life of older systems by maintaining current functionality and protecting the investment in current business applications while moving to modern platforms and technologies that are more open and powerful. Speedware offers comprehensive modernization solutions designed to protect companies' investments and enable business continuity as they move toward newer computing platforms.
"Speedware is pleased to see one of our long-time customers recognizing the continued benefits of our Speedware V7 and Autobahn software tools," said
About Cannex
CANNEX Financial Exchanges Limited is a privately held Canadian company that has provided data and information services to the financial services industries in
CANNEX is an independent third party and is not licensed to sell financial products. None of its shareholders, directors or employees are licensed to sell financial products. No financial institution or broker/agent organization owns or controls any shares of CANNEX.
About Speedware
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. The company 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 Speedware at www.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
Note: Activant and the stylized Activant logo design are registered trademarks of Activant Solutions Inc., Speedware is a registered trademark of Speedware Ltd. and Speedware V7 and Autobahn are trademarks of Speedware Ltd. All other trademarks are the property of their respective owners.
For further information: Dani Knezevic, Speedware Ltd., (514) 747-7007, ext. 8404, [email protected]
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