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LG CNS Finance-Insurance Sector Achieves Software Process Improvements Through Borland

Posted on: Monday, 12 December 2005, 09:00 CST

Borland Software Corporation (Nasdaq:BORL), the global leader for Software Delivery Optimization solutions, announced today that LG CNS Finance-Insurance Sector was appraised to be at CMMI(R) Level 5. Henry Schneider of Borland, an SEI-authorized SCAMPI Lead Appraiser, led an appraisal of the software development processes of the Finance-Insurance Sector of LG CNS this year. The appraisal team reported that the appraised practices satisfied all the process area goals through CMMI Level 5. This achievement by LG CNS, the second-largest SI Organization in Korea, marks a first in the financial sector in Korea.

"The LG CNS Finance-Insurance Sector has made significant progress in improving product quality, increasing productivity, improving project processes, and improving their overall organizational capabilities," said Henry Schneider. "Their efforts have allowed LG CNS to deliver higher quality systems in a more efficient, predictable manner. It has indeed been an honor and a privilege to work with such a strongly motivated management team that is dedicated and committed to driving software process improvements at LG CNS."

This news comes within less than twelve months of Borland's acquisition of TeraQuest (see related Borland announcement) and the expansion of Borland Consulting Services to include Process Optimization offerings focused on helping customers improve their software processes by leveraging industry standard models like CMMI, PMBOK, PSM, and Agile(R) methodologies.

"As a customer success like LG CNS shows, customers are increasingly looking to Borland to launch performance improvement initiatives to streamline the path to Software Delivery Optimization and the delivery of more successful software projects," said Mike Epner, vice president of Borland's Process Optimization Practice and former president of TeraQuest. "Since TeraQuest joined Borland earlier this year, we've hit the ground running in Asia Pacific and have seen an exponential increase in demand for process optimization consulting by companies across many industries."

"Recently, domestic enterprises in Korea have been showing considerable interest in the quality of customer-oriented business management and IT services. They are also more aware that software process improvements ultimately contribute to corporate productivity and customer satisfaction," said Jay Oh, Managing Director of Borland Korea. "Borland is strongly positioned to lead the CMMI market in Korea by delivering professional services to organizations focused on achieving process improvements in their software delivery."

About Borland

Founded in 1983, Borland Software Corporation (Nasdaq:BORL) is the global leader in platform independent solutions for Software Delivery Optimization. The company provides the software and services that align the people, process, and technology required to maximize the business value of software. To learn more about delivering quality software, on time and within budget, visit http://www.borland.com.

Borland and all other Borland brand and product names are service marks, trademarks or registered trademarks of Borland Software Corporation in the United States and other countries. CMMI is a registered trademark of Carnegie Mellon University in the United States and/or other countries. Agile is a registered trademark of Agile Software Corporation in the U.S. and/or other countries. All other marks are the property of their respective owners.

Safe Harbor Statement

This release contains "forward-looking statements" as defined under the Federal Securities Laws, including the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created by such laws. Forward-looking statements may relate to, but are not limited to, the potential benefits to be obtained from Borland's Process Optimization Practice. Such forward-looking statements are based on current expectations that involve a number of uncertainties and risks that may cause actual events or results to differ materially. Factors that could cause actual events or results to differ materially include, among others, our ability to market and leverage our professional services organization; acceptance of our products and services including our enterprise software development platform/solution; our ability to enhance the quality and scalability of our products, improve the integration and overall functionality of these products as part of our ALM software development platform and evolve our ALM platform toward our vision of SDO; our ability to successfully deliver on large transactions; our ability to establish or enhance strategic alliances; rapid technological and business change that can adversely affect the demand for Borland products and services; and general economic factors and capital market conditions. These and other risks may be detailed from time to time in Borland periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its latest Annual Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. Borland is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Source: Business Wire

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