CipherSoft Inc. and PARSEC Group Form Alliance

Partners

For more information about CipherSoft's partnership with PARSEC Group, please visit the Partners Page »

Press Release - March 24th, 2008 - Calgary, AB

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CipherSoft Inc., a global leader in legacy modernization based in Calgary, Alberta, and PARSEC Group, a Denver, Colorado based software development and IT solutions provider, recently announced the signing of an Alliance Partnership agreement. PARSEC joined CipherSoft’s extensive Partner Program in February, 2008 and will provide and promote CipherSoft’s conversion products and services to their clients.

Exodus, CipherSoft’s flagship product, is an innovative conversion tool that automates the conversion of Oracle Forms and PL/SQL to Java, including Oracle Menus, Libraries, Triggers and all semantic content. By streamlining the process of conversion, Exodus significantly reduces the costs associated with manually converting older software. The converted application maintains its original look-and-feel, is fully maintainable and portable, providing flexible deployment and database independence with very little impact on business operations. As well, CipherSoft provides upgrades of older versions of Oracle applications and databases to newer versions, assisting clients in upgrading to Oracle’s 10g and 11g environments.

“We are very pleased with the alliance partnership with PARSEC,” said Jennifer McNeill, President and CEO of CipherSoft Inc. “Their expertise in the VMS market is impressive with a thorough knowledge of client’s application and system requirements, both in the present and for the future. PARSEC’s provision of CipherSoft’s products and services to their clients will provide best of breed conversion and migration tools to allow clients to retain the investment they have made in their existing applications.

"We are excited as well regarding our Alliance Partnership with CipherSoft," said Wayne Sauer, CEO of PARSEC. "As PARSEC continues to extend its conversion capabilities, our intention is to always provide the highest levels of customer satisfaction in all our projects. By aligning with CipherSoft, the acknowledged leader in Enterprise software application conversions, we feel comfortable, and so should our clients, that our tradition of providing World Class service will continue".

About PARSEC Group

PARSEC Group offers a full range of consulting, support, software development, and training services for OpenVMS and Tru64 UNIX. PARSEC Group's business practices are based on their dedication to providing their clients with the most comprehensive, highest-quality, and guaranteed products and services at the most competitive rates possible.

About CipherSoft

CipherSoft Inc. is a leading legacy modernization enterprise specializing in providing legac application conversions, database conversions, consulting, and implementation services to organizations globally. CipherSoft has built strategic alliances with multinational firms such as Oracle, HP, Sun and IBM. The company has also formed relationships through specialized global channel partners who have the expertise to provide clients with true open system technology. CipherSoft's headquarters are located in Calgary, Canada with offices throughout the United States and Canada. More information is available at http://www.ciphersoftinc.com or by calling (403) 256-5699.

Oracle® is a registered US trademark of Oracle Corporation, Redwood City, California.

Java™ is a registered trademark of Sun Microsystems, Inc. in the United States and other countries.

Exodus™ and Exodus-OAS™ are trademarks of CipherSoft Inc.

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