Name of the Company: OpenLegacy
Describe the Company’s Core Activities: OpenLegacy offers a cloud-first legacy integration and modernization platform.
OpenLegacy Hub delivers high ROI with a simple, disruption-free, method to generate, extend and manage digital services from legacy systems to the cloud. Jumpstart and optimize your modernization journey and follow it through, no matter the chosen strategy: modernizing in place (hybrid), rehosting/replatforming or even replacing and rewriting the entire application. Each can be simplified and automated to perfect the process drastically eliminating complexity, time, cost, and risk.
OpenLegacy’s robust modernization platform is designed to address the painful challenges of complexity, unique skills, and mission-critical stability that core legacy systems (such as mainframe) present in the cloud journey. The OpenLegacy HUB Enables enterprises to build, automate, and manage legacy integrations all in one place – in a tested, searchable, and language-agnostic catalog, available for easy reuse, and ready for deployment in any standard environment. OpenLegacy is used by many of the world’s leading enterprises, including Citi, Scotiabank, Liberty Mutual, DBS, and Standard Chartered, to name a few.
What Specific Challenges in the Insurance Sector Are You Addressing? OpenLegacy’s robust modernization platform is designed to address the painful challenges of complexity, unique skills, and mission-critical stability that core legacy systems (such as mainframe) present in the cloud journey.
Could You Explain Your Business Model? We have both a direct sales and partner model. Our primary focus is building our strategic technology alliances. A) As a pathway for accelerating migration of workloads to the cloud, B) Completing the gap of technology vendors who need access to legacy systems in order to complete solutions such as with iPaaS technologies, governance solutions, AI technologies, etc.
Enumerate the Core Values Important to Insurance Companies/Brokers:
Quickly Deliver Digital Insurance Services From Legacy Systems. The Fastest Path to Digital Insurance- Digital insurance requires accesses to core systems. How you modernize is up to you, but continuous innovation is required not to disrupt your business.
- Solve Complex scenarios quickly – Rapidly launch new digital innovations by by building off existing assets.
- Risk Reduction – No special skills needed. No changes to core systems required – dramatically cutting down dev & deployment risks.
- Harness the Value of Legacy Systems – Ability to create digital services in a variety of different formats and adjust them as needed.
How Can You Enhance the Experience for Policyholders?
By enabling legacy systems to easily integrate with modern technologies, insurance companies who were not born in the cloud can provide the same customer experiences as the new Fintechs entering the marketplace.
Outline the Notable Partnerships or Agreements You’ve Entered Into:
Our partner network is growing with leading technology and solution providers including AWS, Google Cloud, Microsoft Azure, Red Hat, Boomi, Workato and many more. Our platform can be purchased through the major cloud vendor Marketplaces as well.
