Swiss software start-up LzLabs will acquire the intellectual property (IP) and technology assets from compatriot Eranea.
The tech, that specifically enables the conversion of Cobol to Java, has been acquired as LzLabs looks to boost the growth of its software-defined mainframe. Banking Technology reported on the mainframe’s launch in March and LzLabs’ partnership with Cobol-IT. The mainframe is its vision to move legacy mainframe applications and data to open Linux server and cloud platforms.
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