ITGI Unveils Information Asset Manager, Powerful Solution to Automate Validation and Transformation of Legacy Banking Systems
Preserving Vital Business Rules while Transforming to Newer Architectures in Less than One-Fifth the Time Required by Traditional Approaches
New York – April 8, 2008 – Infinite Technology Group, Inc., (ITGI) a premier solution provider for legacy systems migrations, today announced the availability of Information Asset Manager (IAM), a powerful methodology and tool set that enables banks to automate the migration of legacy systems to more modern and desirable architectures.
Powered by Xactis Corporation’s Auto-Rearchitecting toolset, Information Asset Manager comprises more than 12 analysis, design, development, test, and run-time tools. IAM uncovers reusable code and distinguishes it from useless code. It extracts and validates the business rules associated with banks’ legacy applications, speeding the transformation of the rules into re-usable services in several object-oriented and domain-specific languages.
“The first steps in legacy code conversion are uncovering and documenting the business rules,” states Jim McGowan, ITGI president. “Banks are understandably reluctant to tinker with complex legacy code that contains the institutional DNA of their business processes and related rules – and sending the project offshore for a legacy rewrite is not an option. We have seen too many failures there.”
Rewriting older systems without automated tools is tremendously labor-intensive, risk-prone, and inefficient,” McGowan continues. “Converting one million lines of code manually can take six to seven man-years; with IAM the time is approximately one man-year. IAM is an invaluable conversion process that provides an automated approach to identifying, documenting, and establishing a baseline for business rules with complex, mission-critical applications. IAM reduces costs, shortens time-to-market, and mitigates operational risk.”
“Now is the time for banks to evaluate their core processing environment and determine if the foundation can support the bank in its current and planned initiatives,” states Karen Massey, former senior banking analyst with Financial Insights. “Management buy-in to a migration and upgrade will most likely be driven by ROI unless there is some other compelling need to transform the core system. Examples of this would include changing charter(s) or the vendors’ sun-setting the system(s).”
About Infinite Technology Group, Inc. (www.ITGL.net)
ITGI has been delivering technology and compliance solutions to US-based clients since 1992 in several industry segments including financial services, healthcare, manufacturing, publishing, and professional service. ITGI focuses on the application of technology for compliance requirements associated with Sarbanes-Oxley, HIPAA, NASD, and others. The company assists clients with Business Continuity Planning and its associated data retention and archival aspects, and provides managed testing services that include service level agreements (SLAs) for new releases of software products. ITGI partners include hardware manufacturers SUN Microsystems, IBM Corporation, HP, and Dell as well as software providers Logica and Computer Associates.
Company Contact:
Frank Decherico
Business Development
Infinite Technology Group, Inc.
516-349-5824
Media Contact:
Ray Graber
Graber Associates LLC
781-221-0018