IBM has released new software that will allow enterprises to run mainframe application in cloud and mobile devices.

The company has also revamped its COBOL server platform and updated the mainframe platform to allow it to host cloud-based applications and services.

The revamped application, IBM Enterprise COBOL for z/OS, claimed to help developers improve performance and the company claimed that applications using the new compiler can improve performance by 10% to 20%.

Rational chief technology officer and IBM fellow, Kevin Stoodley, said COBOL powers many of the critical systems people rely on everyday.

"With this new software, IBM is helping companies reduce operating costs and processing time associated with these applications while delivering new capabilities to take advantage of cloud, Web and mobile devices," Stoodley said.

The new software comes with support for Java 7, new UTF-8 built-ins, debugging enhancements, and support for unbounded tables and groups.

The updated application comes with z/OS System Management Facilities (SMF) tracking, which allows users who implement sub-capacity tracking to reduce their administrative overhead.

IBM claims that it also improves control over XML documents with the z/OS XML parser, allowing parsing workload to be off loaded to specialty engines to reduce operating costs.