CM First Group

CM First Group specializes in legacy application modernization, providing innovative solutions to optimize enterprise applications and enhance operational efficiency for businesses across various sectors. Founded in 1998 and headquartered in Austin, US, CM First Group focuses on modernizing legacy applications through advanced technology. They have engaged in a significant funding round in April 2017, securing USD 1. 2 mn from investors including Capital Factory and Central Texas Angel Network, aimed at furthering their product development and market reach.

CM First Group specializes in legacy application modernization, offering a suite of products designed to optimize and transform enterprise applications. Their core offerings include CM evolveIT and CM evolveIT metaTX-AI, which utilize advanced automated code refactoring technology to convert legacy applications into modern runtime-free Java and JavaScript. The company also provides Maintenance Analytics Software that dramatically reduces the discovery time of legacy code by up to 80%, enabling organizations to capture, abstract, document, and preserve vital business rules. These solutions serve a diverse client base across various industries, including financial services, healthcare, manufacturing, and public sector organizations, primarily in North America and Europe, helping clients manage complex legacy systems efficiently and with reduced risk.

CM First Group generates revenue through a combination of software licensing and managed application services, primarily targeting businesses engaged in maintaining and modernizing legacy systems. The company's clients engage in B2B transactions, typically securing software licenses and support services tailored to their specific needs. Organizations utilizing CM evolveIT or CM evolveIT metaTX-AI may enter into subscription agreements for ongoing access to software updates and support, while also investing in professional services for implementation and training. The pricing structure encompasses various plans catering to different scales of enterprise needs, emphasizing cost-effective solutions that lead to rapid returns on investment through streamlined legacy application management.

In 2017, CM First Group raised USD 1. 2 mn in funding to support ongoing development initiatives. The company aims to enhance its product offerings, with upcoming releases of new features and tools aimed at improving application modernization processes. Furthermore, CM First Group plans to expand its market presence into Europe and Asia by 2025, leveraging new funding to establish strategic partnerships and increase its client base.