DataBank IMX announced a strategic partnership with Sunset Point Software, the creators of the Legacy and M&A Snapshot decommissioning solutions headquartered in Manhasset, NY. In addition to this partnership, Kyocera Ventures, the venture capital arm of Kyocera Corporation, is making a strategic investment in Sunset Point Software. Kyocera Ventures is joined by Jim Brown, Managing Partner at Long Ridge Equity Partners as an investor.
This partnership brings together DataBank’s expertise in transforming data into actionable insights with Sunset Point Software’s patent-pending RoDA (Robotic Document Assembly) technology, which utilizes AI and RPA (Robotic Process Automation) to extract and preserve critical business data from legacy systems. Together, the two companies will empower organizations to operationalize legacy and acquired system data, ensuring compliance, accessibility, and long-term value.
The investment from Kyocera Ventures underscores the growing demand for advanced legacy system decommissioning and data operationalization solutions.
“Sunset Point Software is addressing a critical challenge that enterprises face when modernizing their IT ecosystems,” said Rick Johnson, head of Investments at Kyocera Ventures. “We see significant value in their approach and believe their technology will play a vital role in ensuring organizations can harness the full potential of their legacy data.”
“Our ability to preserve and operationalize historical system data aligns perfectly with DataBank’s mission of transforming data into powerful, enterprise-wide intelligence,” said Joe Labbe, founder and COO of Sunset Point Software. “DataBank recognizes that true digital transformation requires access to all an organization’s information assets — including the wealth of knowledge often locked away in legacy systems. Through this partnership, we’re providing organizations with a seamless way to leverage their rich history in a compliant, accessible, and actionable manner.”
“Companies are quick to implement new software but often lack a clear strategy for retiring outdated systems, leading to unnecessary costs and risks,” said Chad VanNorman, CTO of DataBank. “Through this partnership, we’re providing a structured, efficient path to decommissioning, ensuring businesses can move forward without leaving critical data behind.”
As part of the agreement, DataBank will offer Sunset Point Software’s full suite of RoDA solutions and collaborate on developing industry-specific Snapshot solutions to address sector-specific data preservation and compliance needs.
