SAN CLEMENTE, Calif., July 29, 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 award-winning INFINITE and LPS product lines, announced today that it signed a seven-figure deal with a subsidiary of financial giant, Lehman Brothers.
While the details of the contract were not disclosed, Carol Conway, California Software's president, said, "Thus far, 2005 has been a great year for the company and all indications are that this trend will continue. We have focused on larger opportunities and continue to be successful in enterprise accounts."
This announcement comes on the heals of California Software's announcement that it has completed The Midrange Modernization Tour. This tour was focused on presenting alternatives to IBM-based solutions in an effort to extend legacy applications based upon the popular AS/400 and iSeries platforms. The tour ran in New York, Chicago and Toronto and was co-sponsored by iSeries News and Microsoft.
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.