Micro Focus Confirms Top 10 Global Financial Institutions as Customers

Changing financial regulations drive need for modern, flexible IT architectures
MOUNTAIN VIEW, Calif.--(Business Wire)--
More financial organizations are turning to application modernization to develop
flexible IT infrastructures capable of meeting changing regulations and market
conditions in the wake of the global economic crisis, according to Micro Focus
(LSE:MCRO.L), the leading provider of enterprise application management and
modernization solutions. All of the ten largest global financial institutions
are Micro Focus customers.

Micro Focus has seen a recent surge in interest from across all vertical
sectors, including financial services and banking organizations, and now boasts
over 1,900 North American financial institutions as customers. Additionally, 60
percent of the top 100 US financial institutions are currently Micro Focus
customers. Changing regulations in the face of a faltering economy, such as Reg
NMS and the FDIC`s recent edict for financial institutions to modernize deposit
systems, have created a demand for IT modernization within the capital markets.

"As we have all seen, the results have been catastrophic when large financial
institutions are slow to respond to changing regulatory and market conditions,"
Ken Powell, President, North America, Micro Focus. "The IT departments within
financial organizations have some real assets in the form of valuable business
logic and mission-critical applications - but those assets can be bogged down by
unwieldy infrastructures. Micro Focus enables financial organizations to unlock
the value of their existing IT applications, turning them into strategic
resources."

Micro Focus enables organizations to understand the applications that automate
core business operations. This allows customers to quickly locate where mandated
changes must be made, execute those changes without disruption, and demonstrate
compliance through transparency and governance of their application portfolio.

Beyond regulatory compliance, Micro Focus` application management and
modernization solutions deliver additional benefits to its financial services
customers. Micro Focus enables its customers to run mission-critical mainframe
applications in lower-cost environments, allowing them to maximize their
investment in COBOL by integrating these applications into more modern
architectures such as .NET, Linux and Unix. As a result, financial organizations
- now under increased scrutiny and pressure to minimize IT spending due to the
global economic collapse - are able to drastically reduce costs.

At the same time, the increased agility resulting from more modern architectures
enables IT departments to better align themselves with the organizations`
overall direction. Micro Focus` application portfolio management (APM) solutions
enable customers to gain valuable insight into the breadth and depth of existing
IT assets, ensuring optimized resource allocation for compliance mandates. Micro
Focus also enhances data security and application testing, ensuring that banks
can safeguard client information and the stability of their core business
processes.

About Micro Focus

Micro Focus, a member of the FTSE 250, provides innovative software that allows
companies to dramatically improve the business value of their enterprise
applications. Micro Focus Enterprise Application Modernization and Management
software enables customers` business applications to respond rapidly to market
changes and embrace modern architectures with reduced cost and risk. For
additional information please visit www.microfocus.com

LEWIS PR
Dan Gaffney, 617-226-8840 (Media)
dang@lewispr.com

Copyright Business Wire 2009