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Goldstone Technologies Ltd has announced that a local Government in state of California awarded a contract for migration of their AS400 Systems to J2EE.

The objective of this contact is to convert City’s Financial applications from AS400 to J2EE complaint applications running on SUN servers. The company will deploy their automated tools and migration methodology to convert City’s Financial Applications.

The contract with the city of Oakland comes amid a fierce debate in the United States about outsourcing contracts to Indian companies and reports of proposed California state legislation to make it tougher for certain work to be shipped abroad.

However, the contract with Goldstone, based in Secunderabad in south India, will be handled out of its U.S. office and carried out on site.

It involves the migration of applications running on ageing IBM computers to applications running on Sun Microsystems servers compliant with Sun's J2EE platform, according to a statement to the Bombay Stock Exchange (BSE).

"It is a long-term contract, but the initial phase, which will run for 5-6 months, is worth about half a million dollars," Chalapathi Rao, chief administrative officer of Goldstone, told Reuters.

He said the project, initially involving 12-15 Goldstone employees out of its Virginia office, would be implemented on site in Oakland, across the bay from San Francisco. Goldstone was in negotiations for other government contracts too, he added.

Goldstone shares rose nearly 10 percent to as high as 19.3 rupees in early BSE trade, but came off to 18.7 rupees by midday when the benchmark BSE index was down 1.05 percent.

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