With the help of IBM and ANTs software inc. (OTCBB:ANTS), a leader in
database consolidation solutions, a Fortune 500 provider of merchant
processing services is accelerating the migration of highly complex and
critical risk management and secure transaction applications from Sybase
ASE 12.5 to IBM DB2. With international demands on its growing
enterprise the company will dramatically reduce its investments in DBMS
maintenance, technology upgrades and specialized talent with IBM®
DB2® SQL Skin for applications compatible with Sybase ASE (IBM DB2
SQL Skin), an innovative DB2 migration technology built on ANTs
Compatibility Server (ACS).
After beta tests and technology evaluation in 2010, the Fortune 500
Company has entered an agreement to license IBM DB2 SQL Skin in 2011 and
migrate five different, mission critical financial applications from
Sybase ASE onto IBM DB2.
“Savvy businesses committed to reducing enterprise complexity and
eliminating database overlap are questioning Sybase’s viability as a
long-term enterprise platform. This is the fourth new ANTs’ customer, in
as many months, to begin their DBMS consolidation initiative,” said
Joseph Kozak, chairman and CEO, ANTs software, inc. “For international
financial services firms, IBM DB2 SQL Skin can dramatically lower
database-related operational costs, optimize security and availability
and improve the overall performance of an enterprise.”
Special Demands of extremely complex and secure financial environments
It is a rare enterprise that has just a single client application and,
this customer, a leading payments processing and financial technology
provider, services millions of consumers worldwide, thousands of card
issuers and over 6 million merchant locations.
With its extremely complex environment, the enterprise will now maintain
a single code base with IBM DB2 SQL Skin, migrate applications
written in different versions of C++ from a Sybase DBMS to a DB2-based
environment and cut the amount of time spent on manual DBMS migration.
The financial services firm has completed proof-of-concept with five
different applications and will begin deployment of IBM DB2 SQL Skin for
applications compatible with Sybase ASE in early 2011 with minimal
operational impact, significant cost reductions and measurable
performance improvements. The organization is accelerating migration
initiatives, reducing legacy maintenance costs and making it possible
for end users to utilize business applications without disruption.
The actual name of the customer is not provided for competitive reasons.
About ANTs software, inc.
The mission of ANTs Software is to help customers drive down IT
operating costs by consolidating hardware and software infrastructure
and eliminating cost inefficiencies. To this end, ANTs develops and
sells the ANTs Compatibility Server (ACS) an innovative middleware
solution that accelerates database consolidation between database
vendors, enabling application portability. In addition to ACS, ANTs
offers a complete portfolio of services ranging from architecting or
managing IT infrastructure, to full application performance tuning and
administrative services. ANTs is a public company with headquarters in
San Francisco, California. Our shares trade on the OTC Bulletin Board
under the symbol: ANTS. For more information visit, www.ants.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, including statements concerning
financial projections, financing activities, product development
activities and sales and licensing activities. Such
forward-looking statements are not guarantees of future results or
performance, are sometimes identified by words of condition such as
“should,” “could,” “expects,” “may,” or “intends,” and are subject to a
number of risks and uncertainties, known and unknown, that could cause
actual results to differ materially from those intended or
anticipated. Such risks include, without limitation: problems securing
the necessary financing to continue operations should revenues not be
sufficient to offset expenses, problems encountered in commercializing
the ANTs technology, potential of undetected infringing technology or
non-infringing competitive technologies, difficulties experienced in
product development, roadblocks experienced in sales and marketing
activities, longer than expected sales processes, difficulties
in recruiting knowledgeable and experienced personnel, possible problems
in migrating applications using the ANTs Compatibility Server (ACS), and
potential problems in protecting the Company’s intellectual
property. Further information concerning these and other risks is
included in the Company’s filings with the Securities and Exchange
Commission, including the Company’s most recent Annual Report on Form
10-K for the fiscal year ended December 31, 2009. The Company undertakes
no obligation to update or revise such forward-looking statements to
reflect events or circumstances occurring after the date of this press
release.

Source(s) : ANTs software, inc.