OpenLegacy Inc.

OpenLegacy Inc. is a technology firm specializing in AI-driven legacy modernization solutions, aimed at seamlessly integrating traditional legacy systems with modern digital services across various industries. OpenLegacy Inc. was founded in 2014 in Princeton, US, by Romi Stein and Ron Rabinowitz.

The company focuses on transforming legacy systems into modern digital services while minimizing infrastructural changes. OpenLegacy has successfully completed 2 deals, with its most recent deal on January 31, 2020, raising USD 20 mn in venture funding from SBI Holdings. The company has not undergone any notable pivots or changes in business strategy since its inception, nor is it reported as part of a larger parent company. OpenLegacy offers an AI-driven legacy modernization platform that focuses on converting traditional legacy systems into modern digital services without significant alterations to existing infrastructure.

The OpenLegacy Hub connects securely to legacy systems, generates modernization-ready APIs, and facilitates cloud migrations. This service addresses challenges faced by enterprises in integrating legacy and modern systems, targeting industries such as finance, insurance, manufacturing, and retail across North America, Europe, and Asia-Pacific. The platform is designed to enable organizations to unlock the value of their legacy systems efficiently. OpenLegacy generates revenue through subscription-based services and partnerships with enterprises seeking to modernize their legacy infrastructures.

Its business transactions focus on B2B relationships with large organizations, providing tiered service levels tailored to specific client needs. Clients use the OpenLegacy Hub for ongoing support and AI-driven features, with pricing structures based on the complexity of the client's legacy systems and integration requirements, fostering long-term partnerships throughout clients' digital transformation journeys. Looking ahead, OpenLegacy plans to enhance its offerings by launching new products designed to further streamline legacy modernization. Specific timelines for new releases have not been disclosed.

The company aims to expand its market presence into new geographic regions, specifically targeting markets in Europe and Asia-Pacific by 2025. The recent funding of USD 20 mn will support these growth initiatives, enabling the development of new products and expansion into the identified markets.