OpenLegacy’s Digital Integration Platform Delivers 353% Return on Investment According to New Total Economic Impact Study | Business

PRINCETON, NJ – (BUSINESS WIRE) – Sep 15, 2021–

OpenLegacy, which turns monolithic mainframe systems into cloud-native innovation building blocks, today announced the results of a recently released Total Economic Impact (TEI) study conducted by Forrester Consulting. The study determined that OpenLegacy’s digital integration platform delivers a 353% return on investment (ROI) to corporate clients.

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(Graphic: Business Wire)

The Global 2000 bank examined saw:

  • Significant improvement in productivity: IT teams can focus on developing new applications, features and updates while spending a fraction of the time on integration.
  • Time-to-market acceleration: OpenLegacy’s solution generates application programming interfaces (APIs) in minutes, quickly integrating assets and deploying them as standard microservices or serverless functions.
  • Reducing the costs of digital innovation: OpenLegacy connects directly to the most complex legacy systems, avoiding the need for expensive enterprise service buses (ESBs) and other layers of technology.

The Forrester TEI study highlights the benefits of the cloud, particularly, but not limited to, the banking industry. However, the lack of widespread adoption of the cloud makes it difficult for banks to ensure the speed and agility that come with it. According to the IBM “Banking on Open Hybrid Multicloud” report, while 91% of financial institutions actively use cloud services today, only 9% of critical regulated banking workloads have moved to a public cloud environment.

By comparison, 60% of all workloads were expected to run in the cloud as of 2019, leaving behind banking, insurance, and other data-hungry industries providing critical infrastructure (451 Research). These markets face huge hurdles on the way to modernization, and OpenLegacy aims to enable these most far-reaching companies to not only survive, but also deliver digital innovations like they never did before. decades ago.

“As organizations prepare for changing innovation needs, core systems must evolve to an agile, cloud-ready architecture to stay fit. Accessibility and connectivity to mainframe and midrange systems therefore play a critical role in securing digital capabilities. have the means to develop and meet the needs of the business effectively and efficiently, “said Forrester study.” After the investment in OpenLegacy, the customer was able to create an end-to-end flow automated, faster API production and connectivity to the mainframe.

Download the full OpenLegacy Forrester Total Economic Impact ™ (TEI) study here.

About OpenLegacy

OpenLegacy’s digitally-driven integration enables organizations with legacy systems to release new digital services faster and more efficiently than ever. It connects directly to the most complex legacy systems, avoiding the need for additional technological layers. It then automatically generates APIs in minutes, quickly integrating those assets into exciting new innovations. Finally, it deploys them as standard microservices or serverless functions, giving organizations speed and flexibility while dramatically reducing costs and resources. With OpenLegacy, industry-leading companies are releasing new apps, features, and updates in days instead of months, allowing them to go truly digital. Find out why large companies choose OpenLegacy at openlegacy.com, and follow us on Twitter or LinkedIn.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210915005282/en/

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KEYWORD: IRELAND UNITED STATES UNITED KINGDOM CANADA NORTH AMERICA EUROPE NEW JERSEY

INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT ELECTRONIC CONSUMER MOBILE / WIRELESS TECHNOLOGY OFFICE PRODUCTS SECURITY TRADE AUDIO / VIDEO INSURANCE FINANCE CONSULTING BANKING ACCOUNTING PROFESSIONAL SERVICES ONLINE RETAIL RETAILING TELECOMMUNICATIONS

SOURCE: OpenLegacy

Copyright Business Wire 2021.

PUB: 09/15/2021 07: 00 / DISC: 09/15/2021 07:02

http://www.businesswire.com/news/home/20210915005282/en

Copyright Business Wire 2021.


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