Industry News
The latest from across the COBOL and mainframe ecosystem.
IBM's mainframe sales get mugged by AI hardware panic, stock sheds more than a quarter of its value
IBM says customers spooked by soaring demand for AI infrastructure raided their mainframe budgets to stockpile servers, storage, and memory instead, knocking Big Blue's flagship Z business off course.
The Big Reason IBM Is a Great Buy Before July 22 Earnings
IBM ahead of its confirmed July 22 after-market report screens well for income-oriented portfolios. Here's why.
CloudFrame Launches Continuum, the First Mainframe Modernization Software Platform Built on Runtime Truth, Closing the AI Gap
CloudFrame, Inc. today announced CloudFrame Continuum, the first mainframe modernization platform that observes how COBOL actually runs before a single line of code is modernized. By grounding every ...
Right Platform, Right Workload: The Banking Modernization Blueprint
Mainframes still power 80% of bank card transactions and 95% of ATM transactions. Here's why modernization isn't one-size-fits-all, and how AI reshapes the path forward.
Why AI Makes Legacy Modernization More Feasible But Not More Automatic
AI is changing the calculation. Not because it can take over modernization, but because it can lower the cost of getting started.
From mainframe computers to AI: Beloved University of Calgary computer science professor Jon Rokne retires
Sixty-two years after Jon Rokne stepped foot on campus, the computer science professor who brought the internet to the University of Calgary has retired — on paper. There isn’t a chance the ...
PalmDigitalz Achieves Product Footprint Second Only to IBM in MarketsandMarkets 360Quadrants for Mainframe Modernization, 2026
PalmDigitalz is an enterprise mainframe modernization software and services company headquartered in Chennai, India. Its end-to-end mainframe modernization suite, Palm All, enables enterprises to ...
Mechanical Orchard Releases Imogen Platform Improvements
Today, software company Mechanical Orchard announced the Summer 2026 release of Imogen, a mainframe modernization platform that rewrites applications based on their behavior, not just their code.
IBM brings the mainframe to the rack
IBM expands z17 mainframes with more compact hardware, improved AI, new management tools, and PQC cryptography.
IBM debuts compact z17 mainframes and LinuxONE servers for on-premises enterprise AI
IBM Corp. today announced a massive expansion of its on-premises enterprise infrastructure lineup, with new single-frame and rack-mount versions of its iconic z17 mainframes and more compact LinuxONE ...
Modernizing legacy IT with AI without triggering regulatory risk
AI is accelerating modernization projects that previously required months of analysis. But in highly regulated organizations, an uncomfortable reality quickly emerges: The risk is no longer in ...
IBM expands mainframe portfolio with new z17 and LinuxONE Systems offerings
Single frame and rack mount configurations help to address data center cost and space constraints, company said ...
Deluxe Corporation beats the odds with mainframe migration using AI
Many mainframe exit projects are projected to fail, due to an overestimation of gen AI capabilities. But the financial services company used it as the missing piece of the migration puzzle.
COBOL- The 66-year-old program that's running world’s biggest banks
Have you ever wondered what powers the banking systems behind your ATM transactions and credit card payments? Well, there is a good chance that a 66-year-old programming language called COBOL is doing ...
CLPS Incorporation Announces AI-Driven COBOL-to-Java Migration Solution to Accelerate Core Banking Modernization
Since its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing ...
CLPS Incorporation Announces AI-Driven COBOL-to-Java Migration Solution to Accelerate Core Banking Modernization
HONG KONG, March 12, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the successful launch of its proprietary AI-driven intelligent migration solution.
IBM stock crash: How a single blog post wiped $30 billion off IBM’s market value in one afternoon - here's what rattled investors
IBM stock crash: IBM stock plunged 13.2% in a single session — its steepest daily drop since October 18, 2000 — after Anthropic said its AI tool could modernize COBOL systems running on IBM mainframes ...
AI Depends on Data and COBOL Systems Are Still the Beating Heart of Banking
Artificial intelligence has moved from experimentation to enterprise strategy. Banks are deploying AI to strengthen fraud defenses, accelerate credit decisions, personalize customer engagement, and ...
Mainframe confidence surges as modernization campaigns bear fruit
The mainframe, long the backbone of enterprise computing, is enjoying a surge of support as modernization projects bear fruit, according to BMC Software Inc.’s 20th annual mainframe survey. It found ...
COBOL to Java Conversion Developer at Sabenza IT & Recruitment
An exciting opportunity is available for a COBOL to Java Conversion Developer with deep experience in Oracle Customer Care and Billing (CC&B). The successful candidate will be responsible for ...