Analyst Reveals Secrets of Application Modernization and Governance

Business Wire, Oct 16, 2007

New Report Unveils Best Practices for Identifying, Prioritizing, and Executing Modernization Initiatives That Re-Align Application Portfolios with Business Goals

RALEIGH, N.C. -- Your peers have launched modernization activities to converge IT with corporate strategies. They want IT to be proactive in the face of emerging market opportunities. But how do they select which projects will return the most business value? And how do they efficiently execute these modernization initiatives?

A leading analyst firm, the New Rowley Group, has assessed the portfolio management and application modernization space and collected a set of best practices. This report reveals:

* Business Cases: Why are leading organizations prioritizing modernization activities? The report uncovers strategic benefits that your peers accrue from modernization. These benefits include more efficient governance of resources, increased operational agility, and enhanced compliance with regulatory structures.

* Establish Priorities: How do organizations select which activities to pursue? Your portfolio of IT assets is complex and interconnected. This can make choosing where to focus modernization projects a challenge. The report details the best practice of applying business context to existing software assets and measuring value, cost, and risk. This governance of the portfolio enables the selection of modernization activities that maximize strategic value.

* Execute Modernization: Which modernization activities will best re-align IT with business needs? IT has numerous options for modernization activities: from renovating complex code to pursuing SOA-enabled applications. The report investigates numerous avenues and the obstacles that your peers have faced and overcome on the road to modernization.

The complimentary report can be downloaded at www.relativity.com/modkit

"Software vendors and industry pundits like to talk about cutting-edge applications and tools, but in the real world, legacy systems keep organizations running. Maintaining this older code can drain IT budgets, and the systems can't be quickly or easily modified to support new business activities," said Tom Rhinelander, analyst with New Rowley Group. "But the key value in these applications is actually not the old code, but rather the critical, undocumented business processes buried deep within. Relativity Technologies' modernization suite enables organizations to find, document, and understand both the code and the hidden business processes, allowing IT to choose the most effective and impactful modernization path."

"There is no more important task for a CIO than ensuring that IT supports business operations. As a result, CIOs must deploy proven software solutions to accelerate the realignment of IT assets. This report validates the approach that Relativity Technologies has successfully deployed at hundreds of clients on a global basis," said Steve Maysonave, chairman, president, and CEO of Relativity Technologies.

About Relativity Technologies, Inc.

Relativity Technologies is the leading provider of Enterprise Application Modernization and Application Portfolio Management solutions. Over 325 organizations--including seven of the ten largest financial services providers--have relied on our software platform to increase the governance, efficiency, and flexibility of the applications that automate their core business operations. The Modernization Workbench[R] delivers this value by enabling organizations to understand, manage, modernize, and maintain applications throughout the enterprise. For more information, please visit www.relativity.com.