BURLINGTON, MA -- (MARKET WIRE) -- 03/03/08 -- Nexaweb Technologies®, Inc., the leading application platform provider for the productivity-driven enterprise, today announced Nexaweb Advance(SM) -- a technology-enabled modernization solution that allows enterprises to transform legacy business applications from 3GL/4GL technologies to rich, composite web applications with less risk, in less time, and at less cost.

Enterprise organizations have long desired to move to web-based application platforms and solutions that reduce the total cost of ownership, improve customer service and remove geographical and technical barriers to adoption. Yet, most have chosen to continually spend an average of 60-85% of their IT budget maintaining these legacy applications rather then modernizing them. This is because for many, a manual modernization process poses too many risks, will take too long, and is too expensive. Legacy migration tools offer a code-to-code or database-to-database solution, but fall well short of providing an application transformation solution that supports standards-based development and web deployment.

"Web 2.0 is having a revolutionary effect on the enterprise workforce, and much like client/server replaced mainframe, will forever change the future of business application development," said Judith Hurwitz, president, Hurwitz & Associates. "It is important that customers have the opportunity to leverage the corporate value that is captive inside their legacy artifacts so that they can quickly move to a more dynamic platform that supports business growth."

Nexaweb Advance pairs Nexaweb's award-winning Enterprise Web Suite with automated code generation tools and its Professional Services experts to deliver a repeatable, Model Driven Architecture approach to the transformation of legacy PowerBuilder, ColdFusion, C++, VisualBasic, and Oracle Forms applications.

The application transformation process with Nexaweb Advance includes the following steps:

--  Capture: Auto-generate documentation of legacy artifacts, logic, User
    Interface (UI) elements and data maps in standards-based representation
    (UML, etc.)
--  Re-factor: Eliminate duplicative and corrupt code, review code for
    architectural integrity, and delver UI and business logic to a customer-
    specified architecture
--  Re-compose: Auto-generate XML from documented legacy code, add new
    features and modify workflow, design Web UI and functionality using an
    Eclipse-based IDE
--  Deploy:  Install web application across any architecture including
    JSP/HTML through to Ajax and Java, on any JEE/Java, PHP, or .NET servers,
    and via the Web or the desktop
--  Maintain: Centrally managed code base supports all users, whatever
    their client configuration and network connection type, to reduce
    application maintenance time and costs by 75% on average
    

"Nexaweb Advance presents an exciting opportunity for enterprise organizations who are dealing with globalization, compliance and legacy software end of life initiatives," said Chris Heidelberger, CEO at Nexaweb. "We've proven time and again that our Enterprise Web Suite offers customers tremendous time and cost savings around application development, deployment and maintenance. With Nexaweb Advance, we're embracing the legacy transformation aspect of the process, supporting it with expert services, and making it a core component of our total solution."

Nexaweb Modernization Services

Nexaweb's Modernization Services combine the expertise of Nexaweb's Professional Service team with a proven application methodology and reference architecture that let customers modernize existing applications to better meet evolving business demands. Our experienced consulting team has helped clients modernize PowerBuilder, ColdFusion, Oracle Forms and other legacy applications to enterprise web applications/Web 2.0 solutions that are deployed to all users, over any network connection, to any browser without client-side installation.

Online Seminars & Legacy Modernization Training

Nexaweb's Professional Services team will be hosting a series of free, online seminars during the months of March and April including an overview of Nexaweb Advance.

Nexaweb Advance: A Process-Driven Approach to Legacy Modernization &
Enterprise Web Applications
Thursday, March 13: 2:00 p.m. ET / 11:00 a.m. PT
Register: https://nexaweb.webex.com/nexaweb/onstage/g.php?t=a&d=358186453

Availability

Nexaweb Advance is available beginning March 3, 2008. To help organizations get started, Nexaweb is offering a Modernization Workshop that provides an IT Risk mitigation and cost assessment, a review of the business improvement opportunity, and the projected financial ROI metrics based on each organizations business objectives and IT infrastructure. Contact Nexaweb at: sales@nexaweb.com to learn more.

About Nexaweb

Nexaweb's Enterprise Web 2.0 Suite is an application development and deployment platform for building mission-critical, secure Web-based business applications. With Nexaweb, building enterprise-class Web applications that access legacy and service-oriented data systems is simple and doesn't require re-writing code. And only Nexaweb's EW2.0 solution is proven by more than 5,000 successful global deployments. Founded in February 2000 and rooted in the MIT community, Nexaweb is based in Burlington, Massachusetts. The company is privately held and funded by institutional investors. For more information, visit www.nexaweb.com or call (781) 345-5500.

Nexaweb and the Nexaweb logo are registered trademarks of Nexaweb, Inc. All other trademarks and service marks are the property of their respective owners. No use of a third-party mark is to be construed to mean such mark's owner endorses Nexaweb products or services.

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Press Contacts:
Jena Murphy
Citigate Cunningham
(617) 374-4216
Email Contact

Jonathan W. Daly
Nexaweb Technologies, Inc.
(781) 345-5500
Email Contact