NEW YORK, Sept. 26, 2011 (GLOBE NEWSWIRE) -- Group Business Software (GBS), a subsidiary of GBS Enterprises Incorporated (OTCBB:GBSX), announced today that a leading worldwide financial services company agreed to a pilot project in the US, to use the GBS Transformer ("Transformer") and its proprietary methodology to migrate an initial set of Lotus Notes applications to the Web.
The financial services company, headquartered in New York City with approximately 50,000 employees in over 30 countries worldwide, had two key business requirements; provide Lotus Notes "anywhere and anytime" access via a browser or mobile device and secondly, modernize and integrate their entire application portfolio to the web. The Company engaged Group Business Software based upon their extensive experience with Lotus and in particular in regards to GBS's Transformer technology and the methodical approach for converting existing Lotus Notes applications to modern Web 2.0-style XPages applications. GBS analyzed over 9,000 of their applications which enabled them to determine usage patterns, specifically identify their business critical applications, and to recommend a conversion strategy that would effectively meet the business, technical and financial needs of the Company.
This financial services company agreed to a pilot program with GBS Transformer because it was cost effective and provided an accelerated timeframe for conversion and modernization of their existing Lotus Notes applications. Based upon GBS's recommendations there would be an estimated annual savings of $2 million in reduced Lotus Notes licensing. In addition, GBS Transformer makes their applications deployable on mobile devices and "cloud ready" The Transformer technology and associated services allows companies to retain the value of their significant investments made over the years in the Lotus Notes and Domino platform while enabling them to take full advantage of the newest releases and features to support their business.
About GBS Enterprises Incorporated
GBS Enterprises Incorporated (OTCBB:GBSX) is the 50.1% parent company of Group Business Software (GBS), a global software and services company specializing in application modernization and cloud automation. GBS serves to: automate business processes; optimize system & application performance; ensure messaging security & compliance; modernize server-based applications to Web 2.0; and simplify application development & delivery.
Strong customer allegiance paired with a diversified portfolio of powerful business solutions place GBS at the forefront of the market in terms of both revenue growth and profitability. GBS has won many awards for its innovations, as well as resources spanning five time zones.
GBS has over 4,000 customers worldwide with over 4 million users of its products and services. Its North American headquarters is in New York City and its European headquarters is in Frankfurt, Germany. There are over 15 offices throughout North American and Europe. For more information, please visit www.gbs.com. The contents of the website are not incorporated by reference into this press release.
Caution Concerning Forward-Looking Statements
This release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements regard the intent, belief, and expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, they involve risks and uncertainties, and their results may differ materially.