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Clerity Extends Leading Migration and Modernization Role With Strategic...

Clerity Solutions, Inc. (Clerity) announced that it has entered into an agreement to invest and take controlling interest in Veryant, Inc., a ground-breaking software technology firm focused on delivering comprehensive, cost-effective COBOL development and Java deployment solutions.

"Veryant products and technology significantly extend and enhance the modernization offerings Clerity can deliver to the market," said Clerity President Brandon Edenfield. "Veryant's isCOBOL technology uniquely blends COBOL and Java functionality, enabling a future-proof path forward for customers interested in extending their valuable application assets."

"Veryant has spent several years developing our technology and has a growing customer base in Italy," said Massimo Bertoli, President of Veryant. "After reviewing ways to maximize the potential of isCOBOL, we believe aligning with Clerity is in the best interests of our current and future customers. I am confident our innovative products, talented employees and vibrant customer base will be key contributors to the success of the company over the long term."

With an estimated 200 billion lines of COBOL in use today, there is enormous opportunity to enhance and integrate COBOL applications through Web Services and Service Oriented Architectures. All isCOBOL development and debugging tasks are performed in a familiar, flexible and user-friendly COBOL environment, so no retraining or rewriting code is required. Since key isCOBOL technology such as the Compiler, Debugger and Runtime Environment is implemented 100% in Java, extending applications and delivering true cross-platform portability becomes a reality. The association of isCOBOL innovation with Clerity's professional services organization and industry partnerships will further extend the market reach of Veryant's offerings and improve its value proposition.

Clerity and Veryant will operate as separate businesses going forward. Veryant's President, Massimo Bertoli, will continue in his lead role within Veryant. Clerity's professional services and support teams will also play valuable roles in introducing and supporting isCOBOL solutions outside of the Italian market.

About Clerity Solutions, Inc.:

Clerity is a leading, full-service provider of mainframe migration and modernization solutions. Headquartered in Chicago, Illinois with offices worldwide, Clerity's migration team and automated software solutions have facilitated hundreds of successful implementations. With over 15 years of experience and more than 1200 sites worldwide, Clerity is uniquely positioned to assist organizations through all phases of migration. For more information on Clerity visit www.clerity.com.

About Veryant:

With an extensive COBOL and Java heritage, Veryant delivers customer-first focused software that optimizes IT resources, improves business performance and revitalizes programming resources. Whether your business is extending applications with new user interfaces, evolving existing applications through Service-Oriented Architectures (SOA) or improving quality and distribution processes, Veryant's expertise and innovative products will increase the productivity of your applications. Veryant is headquartered in Phoenix, Arizona with offices worldwide. For additional information please visit www.veryant.com.

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