The financial incentives instigating investors to back companies that create software and provide services to the IBM i community continue to raise eyebrows and elicit surprise among those unfamiliar with the innovation taking place in the so-called legacy netherworld.

Another glimpse of this appeared last week when ARCAD Software announced it received a € 2.5 million ($2.95 million in US currency) investment from the European equity firm Alto Invest. ARCAD develops and markets DevOps and modernization solutions for platforms that include IBM i, Unix, Linux, Windows and z/OS. This is the first external funding ARCAD has received during its corporate history that includes more than 25 years in the IBM midrange market.