CalPERS Fund Deploys Java Enterprise Application Built by SoftSol Resources

Business Wire, Jan 30, 2007

The Nation's Largest Pension Fund Used SoftSol Resources to Convert 1.4 Million Lines of Forte Code Into Modern Linux-J2EE Infrastructure

SACRAMENTO, Calif. -- Name and title in third graph, first sentence of release should read: Gene Reich, Chief Information Officer of CalPERS (sted Gene Richie, CIO of CalPERS).

The corrected release reads:

CALPERS FUND DEPLOYS JAVA ENTERPRISE APPLICATION BUILT BY SOFTSOL RESOURCES

The Nation's Largest Pension Fund Used SoftSol Resources to Convert 1.4 Million Lines of Forte Code Into Modern Linux-J2EE Infrastructure

The California Public Employee Retirement system - the world's second largest pension fund - announced today that is has deployed the new Java-based core of their COMET operational system. The new core application, called CDB, was converted from over 1.4 million lines of Forte 4GL code to over 3 million lines of Java by SoftSol resources, the world leader in Forte application conversion.

The Corporate Online Member Employer Transaction (COMET) system handles transactions on behalf of all CalPERS' 1.5 million subscribers, and the system is used by the system's 2500 employers statewide. The COMET system must handle at least 30,000 transactions per hour, and is deployed on multiple Linux clusters to cover batch and on-line workloads.

"This application conversion was absolutely essential to maintaining our level of customer service, and we couldn't afford any cost or schedule over-runs," said Gene Reich, Chief Information Officer of CalPERS. "This 45 man-year project was accomplished on time and on budget, with no customer-visible hiccups. SoftSol's expertise in J2EE and Forte conversion was pivotal, and their international project team worked very well for us."

The CDB (corporate data base) system manages employee registrations, employer contributions, medical / pension benefit calculations, and reporting. It has over 250 user screens and performs the supporting calculations and transaction management for user interactions.

"The CDB system was one of the largest Forte applications ever built, and it certainly handled more transactional value than any other Forte application," said Srini Madala, CEO of SoftSol Resources. "We were thrilled to win the business, but are even more proud to have deployed the project meeting all of the state's functional, schedule, and budgetary objectives."

The CDB conversion project was undertaken to leverage open-source technologies like Linux and Java that are expected to provide a more flexible, long-lived, economical system. The prior system had been built using Forte Software's 4GL, which is no longer supported by Sun Microsystems.

About CalPERS

CalPERS is the nation's largest public pension fund with assets totaling more than $225 billion. The System provides retirement and health benefits to approximately 1.5 million State and local public employees and their families. Find out more at www.calpers.ca.gov

About SoftSol Resources

SoftSol Resources is a global leader in smart outsourcing, with particular emphasis on application conversion and migration to J2EE and .Net. Founded in 1993, SoftSol has operations in California's Silicon Valley, Washington, D.C., Chicago and Hyderabad, India. The company's customers include government and industrial organizations including BEA, Cisco, CalPERS, County of Alameda, and Sun Microsystems. Additional information is available at www.softsolresources.com

SoftSol is a registered trademark of SoftSol Resources, Inc. All other company and product names are the property of their respective owners.