Bank Leumi Successfully Migrates 60 Banking Applications to Magic Software’s uniPaaS Platform

  • Or Yehuda, Israel
  • October 14, 2009

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of application platformsand business and process integration solutions, today announced that  it has successfully migrated 60 applications to uniPaaS for Bank Leumi, Israel’s leading commercial bank with 317 branches, representation in 21 countries and approximately $84 billion in assets. The migration was carried out in a short time using automatic migration tools that did not require the use of hard-coding. 

The project was undertaken in partnership with Kopel Reem, a Magic Software Partner and is now in the final stages of completion.

“To migrate sixty applications in a bank of this size is not an easy process,” says Yitschak Malach, head of operations and senior vice president for Bank Leumi. “Magic Software’s technologies, having proven themselves over many years of successful operation in our organization, gave us the confidence to update our legacy Magic systems to the new uniPaaS platform. The migrations were performed with relative ease and have given us the ability to provide new capabilities to our users at a significantly lower cost compared to other migration projects of this size.”

The migration to the uniPaaS application platform will enable Bank Leumi to develop and deploy advanced banking software and gives them the option to easily add on rich internet technologies. Rich Internet Applications (RIA) combines the enhanced functionality and user experience of locally installed software with the cost-effectiveness and accessibility of the web.

The migration also allows Bank Leumi to improve their application and data security. uniPaaS applications are browser free and have a proprietary and fully secured message format between the Server and Client that allows organizations to better protect their mission-critical business processes.

According to Yoram Aharon, CEO for Magic Software Israel, “Since the release of uniPaaS nearly a year ago, many Israeli businesses have upgraded their older Magic Software platforms to the latest uniPaaS model. Bank Leumi, an important long-term customer for us, identified early on the advantages that uniPaaS conveys compared to their existing platform version, and how these advantages can be achieved without having to re-write the bank’s existing business logic. Along with these advantages, Bank Leumi now has full data protection that’s so important to banking and financial institutions of this size.”

Yuval Lavi, Co-CEO of Kopel Reem, added: “The use of automatic migration tools allows the customer and the vendor to achieve their application migrations on-budget, on-time and according to the quality demands of their business. The use of an automatic migration tools shortens the delivery process, makes prototyping easier to execute and improves the overall quality of the final application.”

uniPaaS Application Platform Resources

uniPaaS is an application platform enabling Enterprises and Independent Software Vendors (ISVs) to deliver business applications that minimize project risk and associated costs. It also enables organizations to deploy business applications, from the same code-base, in any mode including Full Client, Rich Internet Applications (RIA), mobile and Software-as-a-Service (SaaS).

uniPaaS Application Platform Resources:

 


About Magic Software

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of multiple-mode application platform solutions – including Full Client, Rich Internet Applications (RIA), Mobile or Software-as-a-Service (SaaS) modes – and business and process integration solutions. Magic Software has offices in 10 countries and a presence in over 50, as well as a global network of ISV’s, system integrators, value-added distributors and resellers, and consulting and OEM partners. The company’s award-winning code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities.  Magic Software’s technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP AG, salesforce.com, IBM and Oracle. For more information about Magic Software and its products and services, visit http://www.magicsoftware.com/, and for more about our industry related news, business issues and trends, read the Magic Software Blog.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company’s most recent annual report and other filings with the Securities and Exchange Commission.

Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks are the trademarks of their respective owners.

For more information, please contact: 

USA
Cathy Caldeira
Metis Communications
Tel: +1-617-236-0500
Email: magicsoftware@metiscomm.com
  UK
Ranbir Sahota
Vitis PR Agency
Tel: +44 (0)121 242 8048
Email: ranbir@vitispr.com
  Others
Arita Mattsoff
Magic Software
Tel. +972 (0)3 538 9292
Email: arita@magicsoftware.com