MigraTEC to Deliver Migration Assessment Solutions for Microsoft; Microsoft, MigraTEC Working Together to Help Financial Services Client Move Enterprise Applications to Windows
October 30, 2002 09:05:00 AM ET
DALLAS--(BUSINESS WIRE)--Oct. 30, 2002--Microsoft has engaged MigraTEC MIGR to deliver migration assessment solutions for a large financial services company.
MigraTEC will perform migration assessments on a first group of applications as part of a larger project to scope the potential migration of the customer's systems from Solaris(TM) to Windows(R).
MigraTEC expects that these assessments will be completed before year's end and will generate between $60,000 and $70,000 of revenue.
This represents the first of a growing number of migration-related projects that are expected to take place through the Microsoft-MigraTEC relationship and builds on the momentum generated from the introduction of the Microsoft Solutions for UNIX Migration program unveiled at MEC 2002 earlier this month.
"In this tough economic environment, leading corporations are increasingly looking at shifting from proprietary UNIX to industry-standard Windows systems in order to reduce the cost of their IT infrastructure," said Curtis Overstreet, vice chairman, MigraTEC. "MigraTEC facilitates the move to Windows by providing a predictable and efficient migration path for customers' mission-critical applications."
About MigraTEC
Based in Dallas, Texas, MigraTEC, Inc. is a leading provider of application migration solutions. MigraTEC's solutions support the cross-platform migration of C/C++ based application software among 32-bit operating systems, such as from Solaris(TM) to Windows(R) and Solaris(TM) to Linux(R), and upgrading 32-bit applications to 64-bit architectures, such as the Intel(R) Itanium(R) and AMD Opteron(R) based platforms. In addition, MigraTEC provides OS/2 to Windows migration solutions. MigraTEC enables independent software vendors (ISVs), service providers and corporate and government enterprises to dramatically reduce the risk, time and cost associated with software migration projects.
MigraTEC, Inc. is publicly traded on the OTC Bulletin Board under the symbol "MIGR." For more information, visit migratec.com.
Forward-Looking Statements
The statements contained in this release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The Company's actual results may differ significantly from the results contained in the forward-looking statements. These risk factors are discussed in the Company's filings with the Securities and Exchange Commission on Forms 8-K, 10-OSB and 10-KSB.
MigraTEC, 32Direct and 64Express are trademarks of MigraTEC, Inc., Dallas, Texas, USA.
Microsoft and Windows are either trademarks or registered trademarks of Microsoft Corporation.
All other company and product names may be trademarks or registered trademarks of their respective companies.
Contact Information:
The Bohle Company
Derek Asato, 310/785-0515, ext. 201
derek@bohle.com
or
MigraTEC
Investor Relations, 972/969-0385
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