application-modernization
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The 30-Year-Old Phone Company That Quietly Became an AI-Era IT Shop
It started as the technology arm of a regional Bell telephone company. Three decades and a private-equity buyout later, CBTS runs cloud, security, and communications for 3,000-plus businesses - and it wants to be the partner that makes its clients look good.
Hexaware Technologies
How a spin-off from an Indian computer-training business became a 32,000-person, AI-first services firm - and pulled off the biggest technology-services IPO in over a decade.
Virtusa
The 1996 startup that bet enterprises would move their software off-premise now runs on an 'Engineering First' creed - and is wiring generative AI into banks, insurers and hospitals that can't afford to guess.
Unisys
Unisys helped shape the keyboard, the mainframe and the moonshot. Now the 150-year technology lineage is selling something less visible but just as consequential: keeping the world’s messiest enterprise systems useful, secure and moving.
BayOne Solutions
BayOne built a sizable business by selling two things enterprises usually buy separately: the technology work and the people who make it run. Now its bet on AI, managed delivery and diverse talent is turning a staffing heritage into a broader transformation play.
Avahi
Avahi has built a business around the least glamorous part of the AI boom: making pilots survive contact with production. Its bet is that AWS fluency, fixed-scope experiments and a growing managed-services practice can turn corporate curiosity into systems that actually work.
FlowX.AI
FlowX.AI is an AI-native platform that helps large banks, insurers and other regulated enterprises deploy production-grade AI agents on top of their existing legacy systems - without ripping out core infrastructure. Founded in 2021 by Ioan Iacob, Radu Cautis and Serban Chiricescu, the company pairs a Delaware headquarters with an engineering base in Bucharest, Romania. It offers 140+ ready-made agents across lending, onboarding, claims and compliance, and in 2023 raised a $35M Series A led by Dawn Capital - reported as Romania's largest Series A at the time.
Ioan Iacob
Ioan Iacob is the founder and CEO of FlowX.AI, an AI-native platform that helps large banks and insurers modernize mission-critical software in weeks instead of years. A Romanian engineer and repeat entrepreneur, he earned a computer science degree from Politehnica University of Bucharest, worked at companies including Adobe and IBM, and co-founded the tech services firm Qualitance before launching FlowX.AI in 2021. In 2023 the company raised a $35 million Series A led by Dawn Capital, at the time reported as the largest enterprise-software Series A in Europe in two years. His pitch is blunt: bring real innovation to the enterprise software that quietly runs the world.
CLOUDSUFI
CLOUDSUFI is a Silicon Valley data-driven digital transformation company that helps enterprises turn raw, siloed information into decisions - a mission it captures in the phrase 'we make enterprise data dance.' Founded in 2019 and headquartered in San Jose, California, the firm pairs data engineering, advanced analytics, and generative AI with a Google Cloud Premier partnership to modernize data platforms, automate supply chains, and unlock data monetization for customers across manufacturing, retail, financial services, energy, and digital-native industries.
EvolveWare, Inc.
EvolveWare is a Santa Clara, California software company that automates the documentation, analysis and modernization of legacy software applications. Its AI-enhanced Intellisys platform - built on more than two decades of custom-trained machine-learning technology and protected by multiple U.S. patents - extracts business rules and transforms code from 20+ legacy languages such as COBOL, PL/I and RPG into modern Java and C#. Founded in 2001 and bootstrapped since, EvolveWare serves government agencies and large enterprises including the U.S. Department of Defense, the State of New York, Deloitte and KPMG.
Fresche Solutions
Fresche Solutions is a Montreal-based enterprise software and services company that helps organizations manage, maintain, and modernize their IBM i (AS/400) and Microsoft systems. With more than 40 years of IBM i heritage, Fresche combines proprietary modernization tools such as X-Analysis, Presto, and Newlook with managed services, cloud hosting, and AI-driven data analytics to help legacy-dependent businesses move to modern web UIs, contemporary languages, and cloud platforms without disrupting operations.
Appeon
Appeon is a San Francisco software company that develops, sells, and supports PowerBuilder, the veteran rapid application development platform it took over from SAP in 2016. Through PowerBuilder, PowerServer, InfoMaker, and its CloudPro bundle, Appeon helps enterprises build data-driven business apps and modernize decades-old client/server systems into cloud-native and C#/.NET applications - protecting existing code investments rather than forcing full rewrites.
OnStak
OnStak is a Milpitas, California enterprise AI consulting and hybrid-cloud services firm that helps large organizations move from AI experimentation to AI in production. With a delivery team that is roughly three-quarters AI architects and engineers, OnStak modernizes data platforms, applications and infrastructure across Cisco, NVIDIA, AWS, Oracle and on-premises environments, and ships AI products like AI Correlation Fabric, AI Assurance and AI Video Analytics. Its pitch is plain: 'Fluent in strategy, native in engineering' - straight talk about what is broken and what to fix first.
When the Workflow Met watsonx: Two Giants Go Hunting for AI's Missing Foundation
On June 11, 2026, ServiceNow and IBM announced an expanded multi-year collaboration aimed at clearing two of the biggest obstacles to enterprise AI at scale: brittle legacy applications and ungoverned, AI-unready data. The companies will deliver joint solutions across three pillars — application modernization, enterprise data governance, and autonomous infrastructure operations — pairing the ServiceNow AI Platform with IBM tools including IBM Bob, watsonx.data, Red Hat Ansible, Instana, and HashiCorp Terraform and Vault. The solutions are expected in the second half of 2026.
SORINT.lab
SORINT.lab is a multinational, vendor-neutral 'Next Generation System Integrator' founded in Bergamo, Italy in 1985. With roughly 1,500 engineers across 17 offices in Europe, the USA and Africa, it helps over 100 large organizations run and modernize their IT through DevOps, CI/CD, cloud adoption, application modernization, next-generation IT operations and site reliability engineering. The company is a notable open-source contributor (Agola, Stolon, Ercole, Sircles) and runs on a flat, holacracy-style 'Sircles' organizational model.
Joe Zarrehparvar
Joe Zarrehparvar is the President and CEO of Fresche Solutions, a Montreal-based IT advisory and modernization company specializing in IBM i (AS/400) systems serving 22,000+ global clients. A 30-year technology veteran who built his career at Microsoft, Juniper Networks, and Wicresoft, Zarrehparvar took the helm at Fresche in May 2023 and has since driven a wave of AI-powered modernization tools, strategic partnerships with IBM, and a transition to subscription-based service models - all while championing a platform-neutral approach that lets clients modernize on their own terms.
Rakesh Vartak
Rakesh Vartak is the CEO of WAI Technologies, a Santa Clara-based AI-powered software and Microsoft solutions company with 250+ employees and offices in the US and India. With over 30 years in IT and ITES, he leads a company building next-generation developer platforms - including AI Pundit (spec-driven AI development) and Raaghu (open-source React design system) - that promise to deliver digital transformation 3x faster for enterprises across healthcare, finance, and logistics.