GBS Signs Transformer Pilot Project with Privately-Held Worldwide Financial Services Company

Group Business Software (GBS) announced that a worldwide financial services company, having over $3 trillion in assets under custody and administration, has agreed to a pilot project in the US, to use GBS Transformer

New York, NY (PRWEB) November 08, 2011

Group Business Software (GBS), a subsidiary of GBS Enterprises Incorporated GBSX, announced today that a worldwide financial services company, having over $3 trillion in assets under custody and administration, with approximately 4,000 employees across 16 locations in North America, Europe and Asia, has agreed to a pilot project in the US, to use GBS Transformer(“Transformer”) and its proprietary methodology. The pilot will entail a comprehensive review of their Lotus Notes and Domino environment, and a review of all the Notes databases in the environment to assess candidates for transformation. The Company is a long time user of the IBM Lotus Notes and Domino platform but needed more infrastructure and application flexibility as they look to expand their operations globally, especially in emerging markets. In addition, they needed standardization to the UI as well as extending their mobile support beyond Blackberrys.

The Company engaged Group Business Software based upon their extensive experience with Lotus and in particular GBS's Transformer technology and their methodical approach for converting existing Lotus Notes applications to modern Web 2.0-style XPages applications. This financial services company agreed to a pilot program with GBS Transformer because it was cost effective, provided the flexibility to run their applications in a browser or Notes Client, ensured a standard look and feel across their applications, allowed for reduced hardware and software costs especially in their new emerging markets, and the option to run these converted applications on any mobile device in the future.

“GBS is seeing a very high demand for these conversions across all industries, as proof companies want to migrate and have not been able to figure out how,” says Joerg Ott, CEO of GBS. “This is the second large global financial institution in a month to start a pilot. The Transformer technology and associated services allows companies to retain the value of their significant investments made over the years in the Lotus Notes and Domino platform. In addition to making their applications Web enabled, it also makes them deployable on mobile devices and cloud ready”.

About GBS Enterprises Incorporated
GBS Enterprises Incorporated GBSX is the 50.1% parent company of Group Business Software (GBS), a global software and services company specializing in application modernization and cloud automation. GBS serves to: automate business processes; optimize system & application performance; ensure messaging security & compliance; modernize server-based applications to Web 2.0; and simplify application development & delivery.

Strong customer allegiance paired with a diversified portfolio of powerful business solutions place GBS at the forefront of the market in terms of both revenue growth and profitability. GBS has won many awards for its innovations, as well as resources spanning five time zones.

GBS has over 5,000 customers worldwide with over 4 million users of its products and services. Its North American headquarters is in New York City and its European headquarters is in Frankfurt, Germany. There are over 15 offices throughout North American, Europe and Asia. For more information, please visit http://www.gbs.com. The contents of the website are not incorporated by reference into this press release.

For Investor Relations, please contact
Gary MacDonald, EVP and Chief Corporate Development Officer, gmacdonald(at)gbsx(dot)us

For more information, please contact:
Michael Baum, Corporate Communications, michael(dot)baum(at)us(dot)gbs(dot)com

Caution Concerning Forward-Looking Statements
This release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements regard the intent, belief, and expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, they involve risks and uncertainties, and their results may differ materially.

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