Speedware to Provide IBM AS/400 Legacy Modernization Solutions with HP

MONTREAL, July 29 /CNW Telbec/ - Speedware, a leading provider of IT modernization solutions, today announced the company will provide comprehensive AS/400 legacy modernization solutions with HP. The solutions are available to customers worldwide who are evaluating contemporary and scalable modernization approaches for AS/400 servers, also known as the System i and iSeries. Through migration to HP systems running UNIX, Linux and Windows, organizations can utilize open computing platforms that can increase their business performance, agility and competitiveness while reducing legacy operating costs.

Legacy modernization projects are performed to resolve the current challenges facing organizations operating critical business functions on legacy platforms. For customers using the AS/400, these challenges include the mounting cost for maintenance, licenses and support of legacy systems, limited access to platform-compatible software products, the complexity in integrating AS/400 applications with other systems and the increasing shortage and high cost of resources with experience in legacy applications.

When HP infrastructure and modernization services are combined with Speedware's expertise, automated tools and proven migration and modernization experience, the result is reliable, whole-box modernization solutions.

"There are still over 200,000 AS/400 servers in use worldwide. These customers are frustrated with the limitations inherent in the platform and are reaching out to Speedware and HP," said Christine McDowell, Manager of Strategic Alliances at Speedware. "This new alliance with HP is a result of several factors: our extensive knowledge of this market, our 100% success rate in legacy modernization projects, and our long and successful partnership history dating back to when we became members of the HP e3000 Platinum Partners Program. Our end-to-end modernization solutions, including products such as the ML-iMPACT code conversion tool, remain integral components of our strategy for success in the AS/400 market," she 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. All other trademarks are the property of their respective owners.

SOURCE SPEEDWARE LTD.

For further information: For further information: Dani Knezevic, Speedware, 514 747-7007, ext. 8404, dani.knezevic@speedware.com

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