NEWS/EVENTS

OpenConnect Introduces valueNow^SM Program to Deliver Quantifiable ROI in Two Quarters or Less

valueNow^SM Modernizes Business Processes while Minimizing IT risks through Automated Business Process Discovery

DALLAS - Nov. 13, 2006 - OpenConnect Systems Inc., delivering technology solutions that turn mainframe assets into business value, today announced a new offering to deliver targeted, quantifiable business process improvements for organizations. The valueNow^SM program combines OpenConnect’s unique automatic business processes discovery technology and proven services to configure process improvement solutions. The offering provides businesses with quick, low risk initiatives that deliver real value.

While most corporate data and business logic resides on mainframe systems, companies are struggling to modernize those systems to keep pace with changing business conditions. Current modernization methods consist of long, costly initiatives prone to failure. OpenConnect’s valueNow^SM method is based on automated business process discovery which quickly provides a detailed process model allowing short, targeted business process improvement initiatives.

OpenConnect’s valueNow^SM program consists of three distinct phases that modernize mainframe based business processes.

• Discover: Two weeks to discover and document business process inefficiencies providing a set of process improvement opportunities with quantifiable ROI.
• Deploy: Two months to implement an improve business process through a fixed-bid process.
• Derive: Two quarters to a payback on the investment through the improved business process delivering tangible and quantifiable value.

“Business process improvement requires a firm understanding of the behavior of the business users,” said Jim Sinur, vice president and distinguished analyst, Gartner. “Business processes are dynamic; they change over time and users may not execute processes exactly the same. Successful businesses are able to quickly discover, analyze, optimize and deploy improved processes using fact based methodologies on top of modeling and anecdotal methods.”

“The valueNow^SM offering allows our customers to achieve documented payback in two quarters with a minimum of IT risk,” said Edward Peters, CEO of OpenConnect. “There is no better option for companies looking for rapid ROI and quick time to value.”

About OpenConnect

OpenConnect is the premier supplier of technology solutions that turn information technology assets into business value. With a rich history of innovations in both mainframe and Web technologies, OpenConnect helps the world's largest and most complex organizations comprehend, configure and securely connect to their mainframe applications and data through Web-based architectures. OpenConnect's solutions save companies time and money, improve return on legacy technology investments and minimize the risk of expansion into the online realm. OpenConnect's products are distributed in more than 60 countries and used by more than 60 percent of Fortune 100 companies. For more information on OpenConnect, visit www.oc.com.

Press Contact:

Megan Garnett
Articulate Communications Inc.
212.255.0080, ext. 14
mgarnett@articulatepr.com