Your company faces challenges with its underlying technologies. According to a recent Deloitte study, unsupported legacy systems are responsible for up to 80% of IT incidents, which can disrupt operations and negatively impact business continuity. Although you are not alone, prompt action is required to analyze, upgrade or rewrite all mission critical software.

Your company's product release process poses a risk to the business. Gartner research suggests that by 2025, 80% of the software budget of the average company will be spent on maintaining legacy systems, significantly reducing engineering capacity and release velocity. Quick action is necessary to upgrade your legacy software and reduce technical debt.

Due to its outdated tech stack, your company faces some challenges in hiring and keeping skilled workers. These challenges pose a major threat to the company's overall technical capabilities and stability. In a recent survey by Dell, 80% of millennials said workplace tech would influence their decision of where to work. Prompt action is needed to upgrade your tech stack to attract and retain talent, improve staff morale, and ensure the long-term success of the company.

Your company's sales and revenue are at risk. This poses a major threat to the company's ability to achieve its financial goals. According to IDC, businesses that implement legacy system modernization can increase annual revenue by 30%. Action is needed to identify, plan and execute legacy software modernization to guarantee your company's continued growth.

Your company faces compliance risks caused by outdated technology. A report by Deloitte indicates that legacy systems are responsible for 60-80% of IT security breaches. We recommend you do an in-depth risk assessment and consider options for updating or replacing its legacy systems in order to mitigate these risks.