Pete Dashwood, our CEO, is on record in a statement outlining PRIMA's approach to modernizing COBOL, posted in the Usenet COBOL group (comp.lang.cobol),on 24th October, 2009 (there are some new links added to this, 2013):
Click here to see what he said...
PRIMA has a unique, data driven, solution to the problem of modernizing existing COBOL. For a quick summary of that solution please click here
COBOL has served us well for half a century but it has been overtaken by events.
COBOL compilers, support, and tools are expensive and cannot compete with other languages which are not only more powerful, but are more available, based on modern concepts that fit the modern networked environment, and, best of all, are FREE!...
Nevertheless, it would be foolish (and in some cases, not even possible...) to write off COBOL code that is functioning perfectly well. PRIMA are committed to salvaging COBOL wherever it makes sense to do so, and we have developed the Migration Toolset over years, leveraging our own and our customers' experience in moving COBOL onto the .Net platform. The goal is to bring this code into the modern arena where it can interact with other languages that use the object paradigm.