Worpcloud Ltd's research indicates that application modernization budgets are significant, ranging from 25% to 71% of IT budgets, highlighting the importance of addressing high maintenance costs and low flexibility in legacy systems. The company specializes in automated software modernization using Object Management Group's Model Driven Architecture, allowing efficient and low-risk migration strategies while preserving legacy value. Their services include design recovery, analysis of existing architectures, and targeted platform migrations or partial modernizations to enhance system functionality.