IBM to buy Israel-based application discovery company EZ Legacy
02 June 2016
IBM yesterday struck a deal to buy Israel-based application discovery company EZ Legacy Ltd for an undisclosed sum.
This would be the New York-based company's 13th acquisition of an Israeli company since 1998.
Founded in 2003, EZ Legacy is a leader in enterprise application understanding and management with offices in Israel, UK, US, Switzerland, Japan and Romania.
It has over 40 clients worldwide using its flagship application EZSource, including ING Life, Maybank and 7-Eleven.
The company helps developers to quickly and easily understand and change mainframe code based on data displayed on a dashboard and other visualizations.
Since current applications can be made up of millions of lines of code, and to update this code can take days or weeks, EZSource provides a visual dashboard to quickly and easily show developers which applications have changed to ease the process of modernising applications, exposing APIs and more efficiently leveraging development resources.
IBM said that with 80 per cent of enterprises expected to adopt a hybrid cloud strategy by next year, IT departments are looking for new ways to reconcile the applications that reside on enterprise systems of record to digital forms of engagement such as mobile and social.
68 per cent of the world's production IT workloads run on the mainframe. This adds up to roughly 30 billion business transactions processed by the system each day, including most major credit card and banking transactions and stock trades.
''The mainframe is the backbone of today's businesses …... By adding EZSource's technology to our enterprise DevOps and API management offerings, we are making it easier and faster for developers to modernize key applications that previously were manually intensive and many times required specialized skills," said Ross Mauri, general manager, IBM z Systems.