MetaWare wins large contract in Buenos Aires

MetaWare undertakes modernisation of Argentina company's mainframe systems.

 

MetaWare has won a large contract to perform the migration of Buenos Aires Stock Exchange Mainframe, running all core business applications.    

Benjamin Krongrad, Regional Sales Manager at MetaWare, says "the contract is a significant win for MetaWare, confirming MetaWare international growth for large contracts."

Established in 1974, Caja de Valores is a member of the Argentina Market System, servicing the Capital Market. The registered office is in Buenos Aires. Its main missions are to be Argentina’s Central Securities Depository (CSD), and to consolidate its leadership by participating in the International Scenario, as well as to provide the Capital Market with the highest reliability in Securities registration management and custody services. Among others, one of Key Services of Caja de Valores is to support Argentina Market Systems IT Support Platform.

While three international companies were evaluated for the contract, MetaWare 's experience of international projects in Europe and United States, along with the proof of concept developped for Caja de Valores, resulted in MetaWare winning the mainframe migration project.
MetaWare was asked by Caja de Valores to provide a proposal for the migration of 5 Millions Lines of Code (equivalent to 5.000 programs) towards Linux/ Tuxedo Oracle/ DB Oracle/ Cobol Micro Focus.

Caja de Valores made the choice of a true technology upgrade path, since the tool uses the ‘Reverse Engineering’ approach, rather than ‘Code Translation’ or ‘Emulation/Middleware’ approach.
MetaWare’s approach to migration projects is to minimize risks and lower migration costs by reaching a high level of automatization and precision with the Refine Migration Workbench.

Refine© tool based transformation from MetaWare offers a unique, cost effective and zero-risk solution for migrating COBOL applications from mainframe platforms  to open systems or other mainframe platforms.

MetaWare’s approach has been proven successful on more than 150 migration projects around the world.