August 3, 1998 8:03 AM EDT
MatriDigm's Proven IBM COBOL Code Renovation Technology Chosen By Banking Leader
MatriDigm's Innovative MARC2000 Provides Independent Evaluation of
Wells Fargo's Year 2000 Application Readiness
SAN JOSE, Calif., Aug. 3 /PRNewswire/ -- MatriDigm Corporation, a leading provider of Year 2000 solutions, today announced that Wells Fargo & Co. (NYSE: WFC), one of the largest consumer banking businesses in the U.S., has selected MatriDigm's Year 2000 solutions for completion of their Wholesale Banking division's Y2K compliance project. Wells Fargo chose MatriDigm Advanced Process 2000 (MAP2000(SM)), a highly automated code renovation solution, to renovate over one million lines of IBM COBOL code. In addition, Wells Fargo audited approximately 3.7 million lines of previously remediated code using MatriDigm's newest product, MatriDigm Analysis of Renovated Code 2000 (MARC2000(SM)), which confirms the effectiveness of completed COBOL code renovations.
Wells Fargo has shown themselves to be a front-runner in Year 2000 awareness, sponsoring, for example, a study assessing the risk of small businesses with regard to Y2K-related problems. The company's Wholesale Banking division took an aggressive stance on Year 2000 readiness, beginning its IBM COBOL code renovations projects well before any potential crisis could arise.
"Wells Fargo has a long history of providing its customers with the most innovative and effective solutions, and we applied these same standards to achieving Year 2000 readiness," stated Bill Wood, senior vice president of Wholesale Banking. "We found MatriDigm's MAP2000 COBOL code renovation solution to be fast, comprehensive and highly accurate, and we were extremely satisfied with the quality of the remediated code. In fact, after using MAP2000 to successfully renovate 1.4 million lines of code, we went on to audit portions of our previously renovated COBOL code using MatriDigm's MARC2000 product. Our experience with MARC2000 was equally positive; the product gave us a complete, accurate and independent audit of our Year 2000 readiness, and will provide Wells Fargo with valuable proof of due diligence."
Rich Ormond, President and COO of MatriDigm said, "Wells Fargo is known for being an industry pioneer. They clearly understand the magnitude of the Year 2000 problem and the responsibilities they have to customers and shareholders. By choosing MatriDigm's IBM COBOL code renovation solutions, Wells Fargo has elected to solve this massive problem using the most comprehensive, accurate and efficient products in the market today. MatriDigm's products allow Wells Fargo to rest easy, knowing that their MAP2000-renovated code is error-free and that MARC2000 has audited their previously remediated COBOL code and assessed its Year 2000 readiness."
About MatriDigm's Year 2000 Solutions
MatriDigm offers products and services to address all phases of Year 2000 projects for IBM COBOL application code. MatriDigm's unique Millennium Control System (MICOS) provides on-site project control, reporting and code preparation, allowing code to be quickly and reliably sent to a MatriDigm facility for assessment, renovation, or auditing. MatriDigm COBOL Analysis Product (MCAP) provides a fast early assessment of affected programs, allowing customers to make critical project planning decisions. MatriDigm Advance Process 2000 (MAP2000) is the most comprehensive IBM COBOL renovation solution available. MAP2000 uses a highly automated factory process to return renovated code to the customer that is accurate, tested and fully documented. MatriDigm Analysis of Renovated Code 2000 (MARC2000) is a valuable audit service that allows IT organizations and top business executives to audit the accuracy of completed Year 2000 IBM COBOL renovations and assess risks in reaching Year 2000 readiness.
About MatriDigm Corporation
MatriDigm is a software technology company specializing in the development of technologies and services that improve the understanding, maintenance, migration, modification, and testing of software applications. MatriDigm currently offers products and services addressing the year 2000 problem for IBM COBOL code. MatriDigm has received ITAA *2000 certification of its products and services. For more information, please visit MatriDigm's web site at www.matridigmusa.com or call the MatriDigm Response Center toll free at 888-YRS-2001.
MatriDigm's solutions are offered through a worldwide partnership network of Technology Associates including Adaptive Computer Technology, AnswerThink Consulting Group (Nasdaq: ANSR), BRC Holdings (Nasdaq: BRCP), CACI (Nasdaq: CACI), CMSI (Nasdaq: CMSX), Datamatics, GPR Dehler, The Harbour Group, Independent Professional Management, Inc., International Sourcing LTD., IntraComp Group, Keane, Inc. (Amex: KEA), Logica (London: LOG), Northrop Grumman (NYSE: NOC), PKS Systems Integration, Inc., Q-Data Consulting, Inc. (Johannesburg: PQH), Quality Consulting Services, Software Evaluations Labs, Software Futures House, Technology Resource Solutions and Zitel Corporation (Nasdaq: ZITL). MatriDigm's solutions are offered in the UK, continental Europe, South Africa, Australia, and parts of Asia through MatriDigm's Technology Associate Network, and are offered exclusively in Japan through MatriDigm Japan, a joint venture of MatriDigm and Ignite Associates LLC.
NOTE: MatriDigm(R) is a U.S. Registered Trademark and Service Mark of MatriDigm, Inc. MICOS(TM), MAP2000(SM), MCAP(SM), and MARC2000(SM) are all trademarks and/or service marks of MatriDigm Corporation. All other service marks, trademarks and registered trademarks are the property of their respective owners. SOURCE MatriDigm Corporation
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