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Mainframe-to-Cloud Migration Poised to Unlock Data

Breakthroughs bring new levels of scalability and data access for legacy applications, though U.S. enterprise adoption is still slow, ISG Provider Lens™ report says

STAMFORD, Conn.–(BUSINESS WIRE)–
Recent advances in tools for migrating legacy applications to the cloud have altered the mainframe market, but so far, few U.S. enterprises have adopted them, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2022 ISG Provider Lens™ Mainframes – Services and Solutions report for the U.S. finds a growing number of automated tools available that can convert mainframe COBOL applications to cloud-based software in only days, with minimal engineering staff and with the potential for infinite scalability in the cloud. Many mainframe IT departments have just begun to learn about these capabilities.

Large-scale enterprise migrations have typically taken an average of 18 months or as much as five years. Given the scale and complexity of such projects, the market has been slower to adopt these automated migration tools than expected, ISG says. Lack of awareness and a shortage of qualified experts has also held back adoption.

“At the current pace, with a small number of projects and slow execution, all possible mainframe-to-cloud migrations could take another 10 years to complete,” said Dave Goodman, director, Cloud and Software Advisory, at ISG.

In migrating mainframe applications to the cloud, organizations are seeking better access to the data captured in these legacy systems, the report says. With it, companies can leverage advanced analytics, AI, machine learning and data lakes. Other potential benefits include improved business agility and long-term cost reduction.

Strong growth in these projects is coming in the next few years as hyperscale cloud providers acquire and promote new tools, the report says.

“ISG expects the number and size of migration projects to grow significantly in the next three years,” said Bernie Hoecker, ISG partner, Enterprise Cloud. “AWS, Microsoft/Azure, Google Cloud Platform and other cloud providers will invest heavily in tools, processes, skills and infrastructure to enable clients to migrate from legacy to modern environments.”

The report advises companies to meet with a consultant to understand their options, what different providers offer, and identify the best timing for projects before making a decision about mainframe modernization. The report also includes other insights on the obstacles to migration and how companies can best prepare for change in the mainframe world.

The 2022 ISG Provider Lens™ Mainframes – Services and Solutions report for the U.S. evaluates the capabilities of 45 providers across five quadrants: Mainframe Modernization Services, Mainframe Application Modernization and Transformation Services, Mainframe as a Service (MFaaS), Mainframe Operations, and Mainframe Application Modernization Software.

The report names Atos as a Leader in four quadrants and Capgemini, Esono, Infosys, Kyndryl and TCS as Leaders in three quadrants each. HCL and Wipro are named as Leaders in two quadrants each. Accenture, Advanced, Astadia, AWS (Blu Age), Cognizant, Google, Heirloom Computing, Mindtree, Mphasis, Tech Mahindra, TMaxSoft and TSRI are named as Leaders in one quadrant each.

In addition, Asysco, CloudFrame, HCL, UST and Wipro are named as Rising Stars – companies with a “promising portfolio” and “high future potential” by ISG’s definition – in one quadrant each.

Customized versions of the report are available from CloudFrame, Heirloom Computing, Infosys, Kyndryl and Mphasis.

The 2022 ISG Provider Lens™ Mainframes – Services and Solutions report for the U.S. is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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Will Thoretz, ISG

+1 203 517 3119

[email protected]

Erik Arvidson, Matter Communications for ISG

+1 617 874 5214

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Consulting Data Management Technology Professional Services Security Other Technology Software Other Professional Services Networks Internet Hardware

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Harris Williams Advises Forest Holidays on its Pending Sale to Sykes Holiday Cottages

LONDON–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Forest Holidays, a leading owner and operator of environmentally sensitive cabins in the U.K., on its pending sale to Sykes Holiday Cottages (Sykes), a portfolio company of Vitruvian Partners (Vitruvian). Forest Holidays is owned by an institutional investor group, which is led by Phoenix Equity Partners (Phoenix) and includes LDC. The transaction is being led by Ed Arkus, Will Bain, Krishna Patel, Michael Osborne and Andreas Illmer of the Harris Williams Consumer Group, and extends the firm’s track record in the travel sector.

“The combination of Forest Holidays with Sykes will create a powerful platform of scale within the U.K. domestic holiday market. Both businesses and management teams are united by a shared goal of promoting sustainable tourism by positively impacting nature, people and local communities,” said Ed Arkus, a managing director at Harris Williams.

“Under the leadership of CEO Bruce McKendrick and with the financial backing of Phoenix, Forest Holidays has completed a commercial transformation, setting the business up to deliver long-term growth,” said Will Bain, a managing director at Harris Williams. “It has been a pleasure working with the Forest Holidays management team in achieving an exceptional result, and we are excited to see Forest Holidays realize and accelerate its growth ambitions in the U.K. in partnership with Sykes.”

Forest Holidays is the owner and operator of environmentally sensitive cabins set across Britain’s forests. Since the mid-1970s, the company has sensitively created cabins under the guiding principles of sustainable woodland use and the preservation of the countryside and biodiversity. To date, Forest Holidays has invested over £100 million into Britain’s forests, increasing recreational use, improving facilities, and creating and maintaining trails. Forest Holidays has 12 forest locations with many in National Parks and Areas of Outstanding Natural Beauty, including the Loch Lomond and Trossachs National Park in Scotland and opening later this year in the stunning Brecon Beacons National Park in Wales.

Phoenix is a growth-focused independent private equity investor backing profitable businesses valued up to £200 million. Phoenix works in partnership with ambitious entrepreneurs and management teams to help unlock their potential for growth in a variety of sectors across the whole of the U.K.

Sykes Holiday Cottages is one of the U.K.’s leading and fastest-growing holiday cottage rental agencies, offering over 22,500 holiday homes from property owners across the U.K., Ireland and New Zealand. The business is backed by Vitruvian.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Consumer Group has completed transactions across a variety of verticals, including food, beverage and agribusiness; branded consumer products; consumer services; and restaurant and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit the Consumer Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005335/en/

For media inquiries, please contact Julia Moore at [email protected].

 

KEYWORDS: New York Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Legal Lodging Finance Travel Consulting Vacation Banking Professional Services

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Plug into E-Bike Shopping at Newegg

Electric bikes are a more sustainable mode of transportation, a cost-saving investment and a leisurely local commute option

CITY OF INDUSTRY, Calif.–(BUSINESS WIRE)–
Newegg (NASDAQ: NEGG), a leading global technology e-commerce retailer, today unveiled details about its large assortment of electric bikes. With high gas prices, electric bikes have become more popular than ever and offer a sustainable green solution to global air pollution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220408005054/en/

See Newegg’s e-bike assortment here: https://newegg.io/ebikes

Customers will want to consider different elements when shopping for an electric bike like ensuring they find the right battery power and tire size to suit their needs, whether they choose to ride on bike paths, along city streets or on mountain trails.

A Newegg educational video offers customers information about e-bike features and options. The video follows Newegg’s service of offering deep technology analyses so consumers can make smart buying decisions.

Newegg has a wide selection of e-bikes with competitive prices and trending features. An electric bike buying guide offers more tips.

“With rising gas prices, electric bikes are environmentally friendly and are quickly becoming a great option for local daily transportation and commuting to work or school,” said Michael Plaksin, Vice President of Brand Growth and Development for Newegg. “There are several important elements to consider before buying an e-bike. We developed a detailed buying guide as a starting point to help a customer make an informed decision to purchase their first e-bike. The guide provides information so customers can consider making an e-bike part of their active lifestyle.”

About Newegg

Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the City of Industry, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information: Newegg.com.

Follow Newegg on Twitter, Instagram, Facebook, YouTube, Discord and TikTok.

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov.

Note for media: For photos of e-bikes: https://newegg.io/e-bike_photos

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005054/en/

Media:

Eric Wein

Newegg

[email protected]

626-271-1420, ext. 22619

Investor Relations:

Lena Cati

The Equity Group Inc.

[email protected]

212-836-9611

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Hardware Retail Consumer Electronics Technology Transportation Other Consumer Biking/Cycling Women Travel Online Retail Sports Other Retail Men Specialty Consumer Internet

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Newegg employee Jeremy Threat takes a ride on one of the company’s best-selling electric bikes. (Photo: Business Wire)

Sinclair Broadcast Group Names Greg Conner Vice President/General Manager WGXA in Macon, GA

MACON, Ga.–(BUSINESS WIRE)–
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced Greg Conner, currently Vice President/General Manager of WACH (FOX) in Columbia, SC and WFXL (FOX) in Albany, GA, will add oversight of WGXA (FOX) in Macon, GA to his responsibilities.

Conner, who has worked for Sinclair for over 20 years, has held several leadership roles across the company, including General Manager of Sinclair’s Greensboro/Winston-Salem, NC operations, Director of Sales in Las Vegas, and Local Sales Manager for Asheville, NC and Greenville, SC. He began his career with Sinclair as an Account Executive in Asheville.

In making the announcement, Rob Weisbord, Sinclair’s Chief Operating Officer and President of Broadcast said, “For the last 21 years, Greg has been a valuable asset to Sinclair, successfully leading several stations, developing top-notch teams and building strong client and community relationships. We are excited for him to bring those skills to Macon.”

“Throughout my career, I have found that hard work, dedication and delivering results has consistently led to amazing opportunities, especially with a company like Sinclair,” commented Conner. “I love having the opportunity to work with great teammates and clients and adding WGXA to my list of responsibilities will give me more opportunities to do so. I am excited to be joining the WGXA team, helping to lead them in their future successes.”

Conner holds a Bachelor of Science in Business Management and Flight Technology from Florida Institute of Technology.

About Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group, Inc. is a diversified media company and a leading provider of local sports and news. The Company owns and/or operates 21 regional sports network brands; owns, operates and/or provides services to 185 television stations in 86 markets, owns multiple national networks including Tennis Channel and Stadium; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital and streaming platforms NewsOn and STIRR. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005324/en/

Media Contact:

Jessica Bellucci

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: TV and Radio Entertainment Online

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