Top industry analyst firm also predicts an eight-fold increase in number of enterprises engaging in legacy modernisation projects over next two years
Relativity Technologies Inc. (www.relativity.com), the market leader in legacy modernisation, today announced that Gartner Inc. (NYSE: IT and ITB) has listed it as the leader in the rapidly-growing legacy transformation marketplace.* Gartner, a technology research and advisory firm based in Stamford, Conn., announced their findings in a paper entitled, "AD in Transition: From Legacy to the Internet"(1) during this week's Gartner Symposium ITxpo 2001, in which it evaluated numerous vendors in the application development and integration space. Based on this analysis, Relativity Technologies was listed as a leader in both the Legacy Understanding and Legacy Transformation Magic Quadrants.
Gartner's Magic Quadrant assesses vendors in terms of their completeness of vision and the ability to execute that vision. Relativity Technologies was the only player in the Legacy Transformation Magic Quadrant positioned in the top-right section of Leaders and Visionaries in the market. Gartner identified Relativity Technologies as a leader in the legacy transformation market, due to the company's expertise in language transformation, code slicing and business rule extraction.
"As companies find business flexibility increasingly important to their success, they look to leverage their existing systems to meet this new need," said Dale Vecchio, Research Director in Application Development at Gartner and author of the research paper. "However, this is easier said than done because of the complexity of the systems and the ageing technologies which can limit business adaptability. Automated solutions are an important ingredient in overcoming those challenges."
Vivek Wadhwa, CEO and founder of Relativity Technologies, said, "To be listed as a leader in two of Gartner's Magic Quadrants simultaneously is an honour. We have always believed that effectively leveraging and improving legacy infrastructure is critical for reducing costs and moving to the Internet. This underscores our ability to execute on our vision of helping customers become more efficient. We understand what companies are facing and we are committed to being the most trusted provider of legacy modernisation solutions."
In the presentation, Gartner stresses that once companies begin to open up traditionally closed business processes for e-business, they are faced with the dilemma of throwing away their existing technology implementations that contain valuable business rules. Gartner sees the connectivity of the Internet as opening up opportunities for companies re-using their existing business process in new ways, especially on the e-business front. Yet, for Gartner, this evolution from traditional internally-focused business processes to externally-focused constituents represents the single biggest concern for many companies. Integration of packaged solutions with existing systems is the second concern.
Gartner concludes that core business applications have a limited life, and should be carefully monitored in light of evolving business requirements. The research paper stresses that enterprises should look to invest incrementally but significantly in re-engineering their established enterprise application folios. Gartner predicts that by 2003, at least 40 percent of enterprises will be engaged in some form of architectural re-engineering, up from 5 percent in 2000.
Gartner also predicts that by 2003 more than 75 percent of e-business solutions will reuse existing systems in conjunction with package software or outsource development, representing an eight-fold increase in enterprises engaging in legacy modernisation. In addition, Gartner recommends that e-business strategies should identify the interface points for existing systems and reuse to reduce the risk of failure.
About Relativity Technologies Inc.
Relativity Technologies is a leading supplier of legacy modernisation solutions. Its solutions and services enable IT organisations to dramatically cut costs associated with maintaining and operating complex mainframe-based legacy systems, improve the efficiency and performance of their mission-critical applications and rapidly integrate key business processes with modern enterprise and Web-based technologies.
Founded in 1997 and based in Research Triangle Park, North Carolina, the company's flagship product, RescueWare, analyses an enterprise's large, monolithic legacy applications and then identifies, extracts, and transforms vital business processes into components that can operate in distributed and Web-based computing environments. In October 1998, Intel Corporation became an equity shareholder in Relativity Technologies.
For more information about Relativity Technologies, please visit http://www.relativity.com
About Gartner's Magic Quadrant
Gartner's Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. Leaders are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market. Gartner does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger or Niche Player segments may be the right match for an enterprise's requirements.
*Gartner's permission to quote its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources, and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose.
(1) Gartner Symposium ITxpo presentation, "AD in Transition: From Legacy to the Internet", D. Vecchio, November 2001.
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