SAN FRANCISCO, Oct. 24, 2006 — HP, Intel Corp. and Oracle* today announced a joint initiative to help customers increase business agility and performance, reduce operational cost, and mitigate risk when moving applications from mainframe systems to open standards-based server environments.

Introduced at Oracle OpenWorld, the Application Modernization Initiative provides customers a comprehensive solution to help modernize their legacy application portfolios running on legacy mainframes. The initiative uses service-oriented architecture (SOA) principles and enterprise grid computing platforms that provide increased reliability and efficiency without the dependency on legacy mainframe skills.

After a detailed assessment and analysis of the customer’s mainframe applications portfolio, an appropriate standards-based solution is recommended as a more agile and cost-effective alternative. As part of this process, a pre-defined and pre-tested reference architecture based on HP, Intel and Oracle technologies is used to reduce risk and implementation time.