The Venture Codex

Led · Equity · Apr 2017

CM First Group is an Austin, Texas–based provider of modernization solutions for enterprise software applications. Led by managing director John Rhodes, the company offers technologies that help IT architects understand and migrate business rules and system interdependencies in large complex software applications. Products include CM evolveIT, which automatically analyzes and mines business rules from mainframe applications, and CM M3, which automates transformation of CA 2E applications to modern platforms using CA Plex, Java/.NET and the cloud. CM First has served over 400 customers across the Americas and Europe, including T. Rowe Price and Foot Locker, across financial services, insurance, healthcare, retail and government. The company secured $1.2M in equity financing and intends to use the funds to accelerate growth of its software tools and services.