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FreeSoft to Modernize the Reservation System of one of the World's Largest Car Rental Groups

FreeSoft to Modernize the Reservation System of one of the World's Largest Car Rental Groups

FreeSoft Rt., working through its US subsidiary, FreeSoft International, signs an agreement and begins work modernizing a large reservation system.

Budapest, August 22, 2005 FreeSoft Rt. today announced that together with its US-based subsidiary, FreeSoft International Inc., they will modernize the IT system of a large multi-national car rental company. FreeSoft will participate in the project with Oracle. The project involves database migration and the modernization of the online car reservation application. The project comes within three months of FreeSoft International's formation. The subsidy granted at the HTEC (www.htec.hu) tender to promote entering the US market provides a significant assistance in the development of the technology.

"In May 2005, FreeSoft submitted its quotation for the project, using our unique automated migration technology", says János Keresztesi, FreeSoft's CEO. "Our proposal was selected based on the price of our proposal and the quality guaranteed by the automated migration technology. We beat several other companies, including an off-shore services company from India."

"Legacy modernization is an area that we see as important for our clients and for the future of our business. We are very impressed with FreeSoft's methodology, automated tools, and especially the level of service that FreeSoft provides our clients. We have had very successful results on similar projects both here and in Europe with FreeSoft in the past, and we expect that our client will secure strong business benefits from this project", according to Ken Dickinson, regional vice president, Oracle.

The client is one of the largest car rental groups in the world with presence in more than 70 countries. In the US, the client has more than 800 company-owned or franchised stores. With more than 1500 International locations, they are present at almost every major airport in the world, including Ferihegy, Budapest.

The modernization project was launched in July 2005. The first phase will be completed in September 2005, including the delivery of a reference implementation and the developers' test period. The new car reservation system will go live after the end-users' acceptance test, in Q1, 2006.

 "As a part of the application restructuring, we will update client's application to replace its obsolete Vision database management system to the Oracle? Database management system", says Donát Vass, FreeSoft's Director of International Markets. "The core problem with these legacy corporate systems is that their three tiers (the user interface, the business logic and the database access) are intertwined with one another and cannot be separated. So when requirements change and the application must be enhanced, this monolithic structure causes the implementation of the functionality to be unnecessarily complex and expensive, often prohibitive for the customer. FreeSoft's own, J2EE-based migration solution uses an original approach; through a simple, reliable and automated transformation, it separates the three tiers, thus making the necessary enhancements and replacement possible, and ensures the retention of original functionality and data integrity."

There is significant demand for application migration in the USA, and FreeSoft has recently successfully completed projects with Oracle for one of the world's top pharmaceutical manufacturers, Sanofi-Aventis, and for a leading retailer chain, Raley's. FreeSoft is a Certified Partner in the Oracle PartnerNetwork. These successful projects provide a stable foundation for FreeSoft International?s further US expansion.

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 15,000 companies who deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels.

About FreeSoft Rt.

Founded in 1990, FreeSoft Rt's predecessor specialized in developing custom software applications, and by the millennium, the small business had grown to be a market leader. In 2003, the company was transformed into a corporation under the name FreeSoft Software Development and IT Services Corporation, and in 2004, entered the Budapest stock exchange. Today, after the entry to the stock exchange, several successful acquisitions, and a new organization, FreeSoft is a corporation with more than 150 employees and a comprehensive portfolio of services and products, with subsidiaries in the US and in Germany.

In 2004, FreeSoft Rt successfully submitted and won a tender granted by the Hungarian Technology Center, HTEC (www.htec.hu), to enter the US market. The resources provided by HTEC have been instrumental in the development of the market and ongoing operations.

FreeSoft International launched its operations in the second quarter of 2005, in Vienna, Virginia. Northern Virginia is a one of the centers of the US technology industry and provides an excellent environment for the implementation FreeSoft's go-to-market strategy, which is geared towards partners.

Further information please go to: www.freesoft.hu or www.freesoftus.com.

Trademarks:

Oracle, JD Edwards, PeopleSoft, and Retek are registered trademarks of Oracle Corporation and/or its affiliates.

Press Contact:

Ibolya Domak
Marketing and PR Director
FreeSoft Rt.
Telephone: (06-1) 371-2910
E-mail: [email protected]

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