|Laura Stiff||Dan Gaffney|
|Micro Focus||LEWIS PR|
As retail industry recovers from economic slowdown, three of the world’s five largest retailers choose Micro Focus for modernization
Rockville, MD, March 23, 2010 — Micro Focus® (LSE.MCRO.L), a leading provider of Enterprise Application Modernization, Testing and Management solutions, today announces that three of the world’s five largest global retailers rely on Micro Focus application modernization solutions to reduce costs and improve competitive differentiation and customer satisfaction. Micro Focus modernization solutions, which are being used by retailers such as Wal-Mart and Tesco, enable customers to reduce IT costs by as much as 90 percent and increase developer productivity by more than 30 percent.
In total, Micro Focus has more than 2,000 retail customers across the globe. Retailers using Micro Focus modernization solutions are able to cost-effectively deliver new applications and services, respond quickly to changing customer requirements and deliver new business functionality up to 40 percent faster. These development benefits can help retailers develop a significant competitive advantage.
When looking to modernize their IT systems, some retail organizations opt to completely re-write mission-critical mainframe applications, or to replace them with an off-the-shelf package. These options often result in projects running over-budget and tying up IT resources for years. In addition, they typically result in the loss of invaluable intellectual property that often have been built up for decades, and provides critical competitive differentiation.
However, succeeding in today’s low-growth, low-margin retail industry requires the release of capital to enable business transformation. Modernizing existing mainframe applications with Micro Focus enables retailers to successfully shift focus from short-term stability to long-term business growth and prosperity. Micro Focus has provided thousands of retailers with the agility necessary to enable business transformation, save millions of dollars and achieve significant growth and competitive differentiation.
Examples of leading retailers leveraging Micro Focus for modernization include:
“The retail industry has been hit particularly hard by the economic downturn, and the traditionally razor-thin margins make it even more critical for retailers to not only cut IT costs but avoid burdensome, recurring mainframe costs over the long term,” said Ken Powell, president, North American operations at Micro Focus. “At Micro Focus we work with our retail customers to identify which applications make sense for modernization and execute modernization strategies that reduce hard costs and enable increased flexibility, competitive differentiation, and business growth.”
About Micro Focus
Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Testing and Management software enables customers’ business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information, please visit www.microfocus.com.