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OpenLegacy uses $50m windfall to fund APJ expansion

30 Oct 2019
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OpenLegacy, a microservices-based API integration and management delivery firm, is firmly expanding its reach into Asia Pacific and Japan, thanks to a $50 million investment windfall, including significant funding from Silverhorn Investment.

The company’s new Hong Kong office will enable the company to access many of the world's largest financial institutions. OpenLegacy says it will aim offer its ability to unlock financial institutions’ core and legacy systems so they can become truly digital.

“These organizations are seeking solutions to transform their legacy systems - such as IBM, SAP and Oracle - into dynamic, agile technologies that can quickly adopt digital strategies such as web, mobile, and cloud,” the company states.

To lead the company’s Asia Pacific growth, the company has also appointed general manager Joseph Wong, who has been behind many success stories in Asia for international technology companies.

“After spending the last 10 years building the Asian market for major global enterprises, I decided to join OpenLegacy because they really understand the problems faced by well-established enterprises,” says Mr. Wong.

“OpenLegacy provides the perfect platform for these organizations to modernize their legacy stacks and accelerate their digital transformation journeys.”

Wong most recently worked as regional vice president at Cornerstone OnDemand, where he helped grow the business at 70%+ CAGR over four years.

Prior to Cornerstone OnDemand, he held senior leadership roles at HP and IBM. He has already hired a team of more than 10 technical, sales, and support professionals to support the growth.

According to OpenLegacy, its platform delivers a common framework for the creation of microservices-based APIs to accelerate digital strategies. By connecting directly with the core system and automatically generating the code, microservices can be deployed almost anywhere, APIs can be created quickly, and complex middleware can be bypassed and even decommissioned.

The company has also made recent advancement in the U.S. market, with adoption of the OpenLegacy solution by Fortune 500 companies such as Fidelity National Information Services (FIS) and Liberty Mutual and active engagements in process with 19 of the top 50 global banks.

Recently, OpenLegacy announced a partnership with Compuware to bring mainframe integration with modern apps through APIs and microservices.

The OpenLegacy platform can now be directly accessed from Topaz Workbench, which provides the essentials of mainframe application development, testing, and management.

Integration provides both mainframe and non-mainframe developers with a common framework to create APIs and visualise, understand, debug, and maintain their cross-platform applications.