Today, hundreds of thousands of customers use an extensive portfolio of legacy products while expecting new-age user experiences and a steady improvement in scalability, security, and reliability. But the reality is that these legacy products drain expensive resources and become an unnecessary distraction for engineering teams. Supporting product lines that don’t fit into a company’s strategic plans or with declining revenues leads to low-profit margins and drag on valuation.
The silver lining here though is that legacy products have tremendous untapped value. With the right infusions of technology, legacy products can surpass their expected lifespan and continue to be profitable.
Introducing Persistent’s ExtenSURE, a first-of-its-kind framework in the software industry leverages our Software 4.0 methodology in addressing the age-old problem of product sustenance. It takes a data-driven approach to product transition and transformation, giving software companies the actionable insights, they require to extend the life of their legacy products.