LZLABS TO ACQUIRE INTELLECTUAL PROPERTY AND TECHNOLOGY ASSETS OF ERANEA

Asset purchase will enable COBOL to Java migration and web interface for new and existing customers

L^zLabs announced today that it will acquire the key intellectual property and technology assets from Eranea that enable the conversion of COBOL to Java. The technology has been acquired to enable a modernisation path based upon the potential of L^zLabs’ Software Defined Mainframe^® including mixed mode addressing capabilities.

 With the newly acquired modernisation technology, L^zLabs will add COBOL to Java conversion capability, as well as advanced testing capabilities and enhanced web interfaces, to its key product – the L^zLabs Software Defined Mainframe^® – enabling Eranea’s existing customers and prospects as well as its own, to run converted mainframe applications on new environments using L^zLabs’ solution. Following their migration onto the L^zLabs Software Defined Mainframe^®, the acquisition will also enable customers the ability to transform their application code to Java where applicable.

 The L^zLabs Software Defined Mainframe^®is designed to support major legacy operating environments and languages so that customers can escape the high recurring cost of mainframe software and hardware, whilst preserving their enormous investment in legacy applications, data and business processes. This new environment works without forcing recompilations of COBOL or PL/1 application programs or making complex changes to the enterprise business environment. Should a customer require Java modernisation within its transferred applications, this is now possible through Eranea’s automated transcoding software.

 In addition, the competences and expertise of Eranea’s team will be incorporated into L^zLabs’ organisation to contribute to further extensions of the L^zLabs Software Defined Mainframe^®.

 Didier Durand, Chairman and co-founder of Eranea, said: “we have enabled COBOL to Java migration for a range of customers who had become impatient with an expensive and inflexible operating model on mainframe systems. L^zLabs has taken this capability a step further by providing a solution that can modernise applications more effectively and efficiently once they have been lifted and shifted off the mainframe, and both we and our prospects as well as existing customers are excited about the opportunities this will bring to their businesses through significant cost savings, improved services and added flexibility in their IT capabilities.”

 “The Software Defined Mainframe has already started to receive interest from some of the world’s largest organisations as they seek to escape the restrictive computing environments in which they’ve been forced to operate for decades,” states Thilo Rockmann, Chairman of L^zLabs. “This acquisition will add a modernisation to Java capability to our existing offering, and will be an essential component of our inventory as we seek to provide greater flexibility to legacy mainframe customers. The Eranea team is extremely talented and we’re excited about the opportunities this acquisition will enable for existing and prospective customers of both companies.”

Asset purchase will enable COBOL to Java migration and web interface for new and existing customers

L^zLabs announced today that it will acquire the key intellectual property and technology assets from Eranea that enable the conversion of COBOL to Java. The technology has been acquired to enable a modernisation path based upon the potential of L^zLabs’ Software Defined Mainframe^® including mixed mode addressing capabilities.

 With the newly acquired modernisation technology, L^zLabs will add COBOL to Java conversion capability, as well as advanced testing capabilities and enhanced web interfaces, to its key product – the L^zLabs Software Defined Mainframe^® – enabling Eranea’s existing customers and prospects as well as its own, to run converted mainframe applications on new environments using L^zLabs’ solution. Following their migration onto the L^zLabs Software Defined Mainframe^®, the acquisition will also enable customers the ability to transform their application code to Java where applicable.

 The L^zLabs Software Defined Mainframe^®is designed to support major legacy operating environments and languages so that customers can escape the high recurring cost of mainframe software and hardware, whilst preserving their enormous investment in legacy applications, data and business processes. This new environment works without forcing recompilations of COBOL or PL/1 application programs or making complex changes to the enterprise business environment. Should a customer require Java modernisation within its transferred applications, this is now possible through Eranea’s automated transcoding software.

 In addition, the competences and expertise of Eranea’s team will be incorporated into L^zLabs’ organisation to contribute to further extensions of the L^zLabs Software Defined Mainframe^®.

 Didier Durand, Chairman and co-founder of Eranea, said: “we have enabled COBOL to Java migration for a range of customers who had become impatient with an expensive and inflexible operating model on mainframe systems. L^zLabs has taken this capability a step further by providing a solution that can modernise applications more effectively and efficiently once they have been lifted and shifted off the mainframe, and both we and our prospects as well as existing customers are excited about the opportunities this will bring to their businesses through significant cost savings, improved services and added flexibility in their IT capabilities.”

 “The Software Defined Mainframe has already started to receive interest from some of the world’s largest organisations as they seek to escape the restrictive computing environments in which they’ve been forced to operate for decades,” states Thilo Rockmann, Chairman of L^zLabs. “This acquisition will add a modernisation to Java capability to our existing offering, and will be an essential component of our inventory as we seek to provide greater flexibility to legacy mainframe customers. The Eranea team is extremely talented and we’re excited about the opportunities this acquisition will enable for existing and prospective customers of both companies.”