Speedware Ends Year with Successful Completion of Five IT Modernization Projects

    MONTREAL, Feb. 19 /CNW Telbec/ - 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outdated legacy systems.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."

    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. 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
    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 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.

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