OpenLegacy Overview
OpenLegacy is the developer of a revolutionary digital-driven integration platform for connecting application integrations with legacy systems, mainframes, applications, and databases. OpenLegacy delivers enterprise modernization without disruption, enabling organizations to automatically generate digital services from any legacy source, deploy them to any cloud environment or framework, extend their functionality, add business logic, and manage these legacy assets in a reusable, discoverable, and easy-to-use way, all without any changes to the underlying legacy applications. The OpenLegacy solution is designed to elevate legacy applications to their proper standing in modern digital architecture while enabling customers to achieve results such as a 90% improvement in TTM (from 6 months to days per service) or a 20X reduction in cost (from $200K to $10K per service), dramatically expediting and enhancing their digital transformation journey.
Cumulative Funding Raised Over Time ($)
$7.0MDec 2016
$27.0MFeb 2020
$31.0MMay 2014
$61.0MNov 2018
Latest News
growth-positive
New OpenLegacy Product Creates 'Tech-Agnostic' Services - IT Jungle
OpenLegacy has announced the launch of OpenLegacy Hub (OL Hub), a new offering that helps customers create technology-agnostic digital services from existing legacy applications and infrastructure. OL Hub simplifies the re-use and deployment of legacy assets using modern technology and platforms, allowing companies to shorten the time to market for new API-based digital services. The offering supports IBM i and z/OS assets and can generate new Web, mobile, and cloud interfaces using technologies like HTML5, JavaScript, and RESTful APIs. OL Hub also includes a command line interface (CLI) for streamlined deployment and offers low code and no-code options for generating code and deploying services. The company plans to add support for parsing IBM i screens in future updates.
CustomersPartners
growth-positive
OpenLegacy to Power Standard Chartered Bank Korea's API Factory
OpenLegacy, a digital-driven integration for core legacy systems, has partnered with Standard Chartered Bank Korea (SCB Korea) to provide system APIs from its mainframe core banking application. The partnership aims to accelerate digital transformation and improve customer satisfaction by deploying more consumer-geared services with shorter time to market. OpenLegacys automated API-generation tools will enable SCB Korea to extend its core banking functionalities to the internet banking service, addressing the evolving needs of its customers.
PartnersCustomers
OpenLegacy Fashions a Digital Transformation for Monoprix
growth-positive
OpenLegacy Launches OL Hub; Recycle Those Legacy Assets -
OpenLegacy has announced OL Hub, a modernization platform that allows companies to generate services from all types of core assets with the speed and simplicity of cloud development. OL Hub enables the reuse of legacy assets in new combinations quickly and seamlessly, without the maintenance costs of low-level APIs or enterprise service bus (ESB). The platform supports the creation of low-, no-, and full-code services in various deployment options. OpenLegacy aims to help businesses shorten the time to market for new digital services and adapt to evolving business needs. OL Hub is now available for cloud-based free trials.
CustomersPartners
growth-positive
OpenLegacy Expands Big Data Partnerships - IT Jungle
OpenLegacy has established partnerships with tech firms, including Talend, Collibra, and BigID, to help its IBM i and mainframe customers upgrade their applications and experiences. The partnerships aim to leverage the data stored in these systems and provide optimal value to organizations. OpenLegacys unique software allows customers to expose legacy applications via APIs and Web services. The company has also partnered with Boomi and GigaSpaces to enhance its work with IBM i and mainframe systems. The partnerships with Talend, Collibra, BigID, Boomi, and GigaSpaces enable OpenLegacy to expand its offering and provide solutions for mainframe modernization initiatives.
Partners
| Sector | Business Software |
Funding
| Total funding | $61M |
| Last funding | $20M |
| Stage | Mature |
| Rounds | 4 |
| Investors | 8 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.openlegacy.com |
Locations
Motta Gur Street 7, Petah Tikva, Israel
Avenida Ro Churubusco 601, Granjas Mxico, Mexico City, CDMX, Mexico
103 Carnegie Center, Princeton, NJ 08540, USA
Baumanskaya Ulitsa, Moscow, Russia
7 Queen's Road Central, Central, Hong Kong
Photos & Videos
4 item(s)
OpenLegacy Business
Business models
B2B, B2G
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsSoftware Development ToolsData ArchitectureTarget Customer
Commerce & RetailDistribution ChannelsBrick & MortarConsumer GoodsIndustrial ManufacturingDiscrete IndustriesAutomotiveFinancial ServicesFinancial InstitutionsBanksHealthcare & Life SciencesHealthcareProvidersCommunication ServicesDiversified Telecommunication ServicesFood Retail & ConsumptionCore Technology
Platforms & InterfacesAPIData StorageCloudTags (14)
big-data-analyticsmicroservicesoperations-optimizationenterprise-solutionsitenterprisesapimobile-platformlegacy-softwarefinancial-institutionsgovernmentmanufacturing-facilitiesorchestrationinsurance-companiesGeographic Markets
ColombiaJapanMexicoPanamaUnited StatesDenmarkAustraliaIsraelBrazilOpenLegacy Financials
$61M
Total funding
Undisclosed
Capital raised
$20M
Last funding
Mature
Funding stage
4
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$7.0MDec 2016
$27.0MFeb 2020
$31.0MMay 2014
$61.0MNov 2018
Private Equity Funding
C Round
Feb 2020
$20M
SBI Holdings
B Round
Nov 2018
$30M
Silverhorn Investment Advisors, Commerce Ventures, RDC, Leumi Partners, C. Entrepreneurs, Prytek Ventures, O.G. Venture Partners
A Round
Dec 2016
$7M
RDC
Seed
May 2014
$4M
RDC
OpenLegacy Lifecycle
Cumulative Funding Raised Over Time
$7.0MDec 2016
$27.0MFeb 2020
$31.0MMay 2014
$61.0MNov 2018
All Events
C Round
Feb 2020
$20M
SBI Holdings
B Round
Nov 2018
$30M
Silverhorn Investment Advisors, Commerce Ventures, RDC, Leumi Partners, C. Entrepreneurs, Prytek Ventures, O.G. Venture Partners
A Round
Dec 2016
$7M
RDC
Seed
May 2014
$4M
RDC
OpenLegacy News
11 articles
growth-positive
New OpenLegacy Product Creates 'Tech-Agnostic' Services - IT Jungle
OpenLegacy has announced the launch of OpenLegacy Hub (OL Hub), a new offering that helps customers create technology-agnostic digital services from existing legacy applications and infrastructure. OL Hub simplifies the re-use and deployment of legacy assets using modern technology and platforms, allowing companies to shorten the time to market for new API-based digital services. The offering supports IBM i and z/OS assets and can generate new Web, mobile, and cloud interfaces using technologies like HTML5, JavaScript, and RESTful APIs. OL Hub also includes a command line interface (CLI) for streamlined deployment and offers low code and no-code options for generating code and deploying services. The company plans to add support for parsing IBM i screens in future updates.
CustomersPartners
growth-positive
OpenLegacy to Power Standard Chartered Bank Korea's API Factory
OpenLegacy, a digital-driven integration for core legacy systems, has partnered with Standard Chartered Bank Korea (SCB Korea) to provide system APIs from its mainframe core banking application. The partnership aims to accelerate digital transformation and improve customer satisfaction by deploying more consumer-geared services with shorter time to market. OpenLegacys automated API-generation tools will enable SCB Korea to extend its core banking functionalities to the internet banking service, addressing the evolving needs of its customers.
PartnersCustomers
OpenLegacy Fashions a Digital Transformation for Monoprix
growth-positive
OpenLegacy Launches OL Hub; Recycle Those Legacy Assets -
OpenLegacy has announced OL Hub, a modernization platform that allows companies to generate services from all types of core assets with the speed and simplicity of cloud development. OL Hub enables the reuse of legacy assets in new combinations quickly and seamlessly, without the maintenance costs of low-level APIs or enterprise service bus (ESB). The platform supports the creation of low-, no-, and full-code services in various deployment options. OpenLegacy aims to help businesses shorten the time to market for new digital services and adapt to evolving business needs. OL Hub is now available for cloud-based free trials.
CustomersPartners
growth-positive
OpenLegacy Expands Big Data Partnerships - IT Jungle
OpenLegacy has established partnerships with tech firms, including Talend, Collibra, and BigID, to help its IBM i and mainframe customers upgrade their applications and experiences. The partnerships aim to leverage the data stored in these systems and provide optimal value to organizations. OpenLegacys unique software allows customers to expose legacy applications via APIs and Web services. The company has also partnered with Boomi and GigaSpaces to enhance its work with IBM i and mainframe systems. The partnerships with Talend, Collibra, BigID, Boomi, and GigaSpaces enable OpenLegacy to expand its offering and provide solutions for mainframe modernization initiatives.
Partners
growth-positive
OpenLegacy, Boomi Simplify Legacy Application Integration
OpenLegacy has announced an alliance with Boomi, a Dell Technologies arm, to provide access to an integration platform-as-a-service (iPaaS) for legacy application processes. OpenLegacys platform allows IT teams to convert legacy application processes into microservices, making them more easily accessible to other applications and platforms. The alliance with Boomi extends this capability to include processes created by citizen integrators or developers. This partnership enables organizations to accelerate digital business transformation initiatives by programmatically invoking entire business processes without the need for re-engineering. OpenLegacys approach eliminates the need for manual integration and expensive systems integrators. The article suggests that the COVID-19 pandemic has increased interest in modernizing business processes, and cloud services like Boomi provide a means for end users to craft workflows and connect them to transaction processing systems and systems of record.
PartnersCustomers
growth-positive
Japan's SBI invests $20m in Israeli co OpenLegacy
SBI Holdings Inc. has invested $20 million in Openlegacy Technologies Ltd., an Israeli API integration and software management company. OpenLegacys platform has been adopted by Fortune 500 companies, and SBI Holdings plans to recommend using the companys API platform for the digital transformation of regional banks. OpenLegacy has raised a total of $60.5 million to date, including the latest investment. The company is a portfolio company of RDC, and its other investors include Silverhorn Investment Advisors, CommerzVentures, C. Entrepreneurs, Leumi Partners, O.G. Tech Ventures, and Prytek-GFS Group.
Investment
growth-positive
Israeli digital services co OpenLegacy raises $30m
Israeli software company OpenLegacy has closed a $30 million financing round led by Silverhorn Investment Advisors. The company provides a unique platform that allows organizations with legacy systems to connect easily with digital apps. OpenLegacys platform enables core systems to be opened and automatically create API gateways, allowing dialogue with all other apps. The company plans to use the new funds to accelerate growth and expand its global marketing efforts. OpenLegacy already works with three of the worlds top-ten banks and has other customers including Bezeq Israeli Telecommunication Co. Ltd., Meuhedet Health Fund, AIG, and the Israel Airports Authority.
InvestmentExpand
growth-positive
Peter Horowitz, FinTech Innovation Thought Leader, Joins OpenLegacy's Advisory Board
Peter Horowitz, a client partner of Motive Partners, has joined the OpenLegacy board of advisors. OpenLegacy delivers microservices-based API integration and management for core and legacy systems. The addition of Horowitz to the board will strengthen OpenLegacys presence in delivering significant business value for financial institutions.
Partners
growth-positive
OpenLegacy Selected for Spot in Fintech Europe's First Accelerator Batch
OpenLegacy has been selected as one of nine startups in Fintech Europes initial accelerator batch. The Frankfurt-based program, sponsored by Plug and Play in partnership with Deutsche Bank and Tech Quartier, aims to run two 12-accelerator batches per year. OpenLegacys API integration and management software helps connect core and legacy systems to new digital services. This partnership gives OpenLegacy the opportunity to showcase its capabilities to Plug and Plays corporate partners and participating institutions. OpenLegacys solution allows companies to fast-track their digital transformations and reduce legacy IT complexity. The company specializes in automating API creation, optimization, testing, deployment, and management for core and legacy systems. The article does not mention any specific customers, acquisition or investment amounts, layoffs, or partners involved.
Partners
growth-positive
OpenLegacy Sees Significant Growth in the First Half of 2018
OpenLegacy has experienced significant growth in sales and personnel since January of 2018, especially in North America. The expansion includes a team increase of 26% focused on meeting the demand for OpenLegacy technology in new regions. OpenLegacy accelerates digital transformation for large institutions with extensive legacy infrastructures. To support the growth, OpenLegacy has added new team members and regional sales managers. The company aims to help established enterprises innovate faster.
Expand
OpenLegacy Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 69 |
| Team members | 6 |
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OpenLegacy Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514957653 |
| Crunchbase | openlegacy |
| Creator | Natalia Golczar |
| Creator email | ngolczar@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maorperlov@gmail.com |
| Last update | 2022-01-23T00:00:00.000Z |
| Created | 2017-01-03T00:00:00.000Z |
| Claimed | Yes |