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New Company addresses Legacy Modernization space - COBOL Crisis will affect more
than 200 billion lines of business critical program code.

London and Guildford, UK – June 8th 2009 – Software Mining Ltd and IPROS Software Ltd today announced that they have signed a global licensing agreement establishing IPROS as the exclusive distribution entity for the legacy modernization technologies developed by Software Mining. The new venture will use the softwareminingTM brand under exclusive license and continue to develop the technology.

The need for the softwaremining solution is driven by the imminent COBOL Crisis. While the majority of Fortune 500 companies have legacy systems written in COBOL, which was the programming language of choice from the 1960s to the late 1980s, the programmers who...

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