SAN CLEMENTE, Calif., Feb. 2, 2005 (PRIMEZONE) -- California Software Corporation (Pink Sheets:CSWX), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the INFINITE product line, announced today it has finalized an agreement for French auto maker, Renault to acquire its INFINITE product family.
"California Software has just finished a year where we achieved nearly 55% growth on a year-to-year basis," said Bruce Acacio, CEO, California Software. "This new contract for our INFINITE product family for a client as prestigious as Renault has certainly begun 2005 very well for us."
Carol Conway, President, California Software said, "We are delighted to bring the latest functionality of our full INFINITE suite to the Renault organization. They required technology that simply couldn't be provided in an easy or inexpensive manner on the IBM iSeries platform. The Renault organization will utilize our INFINITE migration tools to re-host their IBM AS/400 and iSeries-based applications to Unix. They will then utilize the INFINITE NET components to automatically build a new user interface that will be web-enabled. The automaker will begin using the integration tools of the INFINITE Suite to execute AS/400 commands into Unix applications, alleviating manual steps and integrating applications on disparate platforms. The final step in the process will be to use INFINITE OLAP to create a data warehouse and establish multi-dimensional analysis rules for reporting from a series of multi-platform applications "
The contract includes IBM iSeries migration, EAI, Service Oriented Architecture and Business Intelligence tools and is valued in the mid six figures.
About California Software Corporation
California Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. California Software enjoys over 100,000 installations in 56 countries.