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Speedware Announces $7 Million in New Contracts - Major Financial Institutions Sign Contracts for Migration Services

Speedware Announces $7 Million in New Contracts - Major Financial Institutions Sign Contracts for Migration Services

MONTREAL, Dec. 19 /PRNewswire/ -- Speedware, a division of Activant Solutions Inc. and a leading provider of innovative enterprise software solutions and productivity tools, today announced that in the last week, it has signed two new HP e3000 migration contracts worth over $7 million. The revenues from these two contracts will be recognized over the next several quarters and are related to the sale of licenses, support and services.

Many companies rely on mission-critical enterprise applications and databases that run on the HP e3000, a widely-used Hewlett-Packard server that is being discontinued. Speedware offers comprehensive migration solutions designed to protect these companies' investments and ensure business continuity as they move toward new computing platforms, including UNIX and Windows. The new contracts involve two major financial institutions and represent a healthy expansion of Speedware's financial customer base.

"These new contracts re-affirm Speedware's position as a leader in the migration market space. After having achieved a significant increase in revenues last year, we are very proud of our continuing success," said Andy Kulakowski, General Manager of Speedware. "These new customers have demonstrated their confidence in Speedware's ability to execute projects successfully and on time. Due to our expertise and the automated tools we have developed, we have helped hundreds of customers migrate seamlessly."

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 HP e3000 migration and legacy modernization solutions, business intelligence tools and application development solutions. Based in Montreal with a distribution network spanning 35 countries, Speedware offers market leaders the end-to-end solutions they require to achieve their business objectives and enhance their competitive advantage. For more information, visit Speedware at http://www.speedware.com/.

SPEEDWARE CORPORATION INC.

CONTACT: Dani Knezevic, Speedware Ltd., (514) 747-7007, ext. 8404,
[email protected]

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