Modern Systems Corporation: Company Profile
Background
Modern Systems Corporation is a leading provider of application modernization services, specializing in transforming legacy systems into modern, efficient solutions. With over 35 years of experience, the company has processed more than 2.5 billion lines of code and completed over 500 modernization projects. In 2019, Modern Systems was acquired by Advanced, the UK's third-largest software and services company, enhancing its global reach and capabilities.
Key Strategic Focus
Modern Systems focuses on assisting organizations in migrating from outdated legacy systems to contemporary platforms, thereby improving operational efficiency and agility. The company's core objectives include:
- Legacy System Modernization: Transforming legacy applications and databases to modern environments.
- Cloud Integration: Facilitating the transition of critical workloads to cloud platforms.
- Automated Conversion Tools: Developing tools for automated conversions to languages like Java and C#.
Modern Systems primarily targets large enterprises across various industries, including financial services, healthcare, and government sectors.
Financials and Funding
In 2014, Modern Systems secured new debt financing from Comerica Bank to support its merger with ATERAS, aiming to enhance its modernization capabilities and market presence. The merger was completed in December 2014, making Modern Systems one of the largest independent legacy modernization firms globally.
Pipeline Development
Modern Systems has a robust pipeline of modernization projects, focusing on:
- Automated Conversion Solutions: Developing tools for converting legacy code to modern languages.
- Cloud Migration Services: Assisting clients in moving workloads to cloud platforms.
- IDMS Migration: Specializing in CA IDMS migrations on or off mainframe environments.
The company continues to expand its service offerings to meet the evolving needs of its clients.
Technological Platform and Innovation
Modern Systems has developed several proprietary technologies and platforms, including:
- Modernization Platform as a Service (ModPaaS™): A customizable cloud solution available on major cloud marketplaces, including AWS, Azure, Oracle, and Google Cloud Platform.
- Automated Conversion Tools: Tools for converting legacy code to modern languages like Java and C#.
These innovations enable clients to modernize their systems efficiently and effectively.
Leadership Team
The leadership team at Modern Systems includes:
- Brandon Edenfield: President & CEO, leading the company's strategic direction and growth initiatives.
- Cameron Jenkins: Executive Vice President, overseeing operations and service delivery.
Under their leadership, Modern Systems has expanded its service offerings and global presence.
Market Insights and Competitor Analysis
The legacy system modernization market is experiencing significant growth, driven by the need for organizations to enhance operational efficiency and agility. Enterprises are increasingly investing in modernization to leverage cloud technologies and improve scalability.
Key competitors in the modernization space include:
- Addteq: Specializes in DevOps solutions and application lifecycle management.
- EPAM Systems: Offers software engineering and IT consulting services.
- Globant: Provides technology services and consulting with a focus on digital transformation.
- Infosys: A global leader in consulting, technology, and outsourcing solutions.
These companies offer a range of services that overlap with Modern Systems' offerings, contributing to a competitive landscape.
Strategic Collaborations and Partnerships
Modern Systems has established strategic partnerships to enhance its service offerings, including:
- Advanced: Acquired Modern Systems in 2019, expanding its modernization capabilities.
- IBM, Dell, HP, and Fujitsu: Partnerships to extend sales channels and broaden service offerings.
These collaborations strengthen Modern Systems' market position and innovation capacity.
Operational Insights
Modern Systems differentiates itself through:
- Comprehensive Service Offerings: Providing end-to-end modernization solutions.
- Proprietary Technologies: Developing tools like ModPaaS™ for efficient modernization.
- Experienced Leadership: Guided by a team with extensive industry experience.
These factors contribute to its competitive advantages in the market.
Strategic Opportunities and Future Directions
Modern Systems aims to:
- Expand Cloud Services: Enhance cloud migration and modernization offerings.
- Develop New Tools: Create additional automated conversion tools.
- Strengthen Partnerships: Forge new alliances to broaden service capabilities.
These strategies position the company to achieve future growth and objectives.
Company Operations
Modern Systems is headquartered in Dallas, Texas, and operates globally, serving clients across various industries.
