Speedware and ING Australia Complete Successful Legacy Modernization Project

    MONTREAL, Jan. 22 /CNW Telbec/ - Speedware Ltd., a leading provider of IT
modernization solutions and productivity tools, today announced the successful
completion of a large-scale legacy modernization project for ING Australia
Limited. ING Australia, a leading financial product and services provider,
recently released their new applications into production, signaling the end of
a 19-month, multi-million dollar project to rehost their legacy systems and
modernize their IT infrastructure.
    "ING Australia's successful go-live is evidence that large organizations
can undertake a well-planned and automated modernization project to migrate to
a new, stable platform, providing increased business agility and significant
cost savings," said Andy Kulakowski, General Manager of Speedware. "Today,
many large companies with sizeable and complex IT environments are considering
migration as a way to cut costs. Our recent success in this area shows that,
with proper planning and analysis, larger companies have the most to gain from
    Speedware offers comprehensive modernization technologies and services
designed to protect companies' IT investments and help reduce IT operating
costs as they move toward newer computing platforms. ING Australia required a
low-risk solution to migrate its applications to a long-term, modern platform,
allowing it to increase its business agility and position itself at the
forefront of its industry. The company had initially decided to rewrite its
business-critical legacy applications, but the associated demands on IT
resources were excessive and the slow progress of the project led the company
to investigate rehosting as an option. Speedware's automated modernization
solution was implemented more quickly than the rewrite project and ended up
being much more cost-effective for both the short and long term.
    "We are extremely pleased with the results of our modernization project
and the way in which Speedware managed the migration and integration
activities. They worked closely with our team, driving for absolute
reliability and low risk. In the end, the project turned out to be very
cost-effective," said Greg Booker, CIO of ING Australia. "We calculated that
the cost of the rehosting project combined with the resulting maintenance
costs over the next ten years would be four to five times less expensive than
if we had continued with our rewriting project. That translates into a lot
more money that can be invested into innovative projects focused on helping to
grow our business."

    About Speedware

    Speedware Ltd., a wholly-owned subsidiary of Activant Solutions Inc., is
a leading provider of enterprise software solutions. The company provides 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 Speedware at www.speedware.com.

    About ING Australia

    ING Australia Limited (ING Australia) is one of Australia's leading fund
managers, life insurers and superannuation providers with more than $43
billion in assets under management and $717 million of insurance premiums in
force. ING Australia provides a broad range of financial products and services
through an extensive network of professional financial advisers and financial
institutions, as well as directly to customers. ING Australia currently
employs more than 2,200 staff. The head office is located in Sydney with
offices in each state.

    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 period ended June 30, 2008 and its
Annual Report on Form 10-K for the year ended September 30, 2007, 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

For further information:

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

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890