Isn't this... Hercules?
Or at least a derivative thereof?
IIRC, LzLabs is the commercial offshoot of the Hercules open-source mainframe emulator - which IBM has *hated* for over 20 years. Roger Bowler was certainly the driving force behind, and initial maintainer of, the Hercules codebase, and he's the guy behind LzLabs too.
And when I say "hated" I'm not exaggerating. Back around... 2000, when IBM was all 'peace, love and Linux' (remember?), IBM released a Redbook, describing in detail how to run Linux on Z series mainframes (heck it may still have been S/390 at the time). This included many references to Hercules, and an entire chapter on how to bring up mainframe Linux on the Hercules emulator - because so much of the work of those open-source hackers who ported Linux to the mainframe had been done using Hercules.
A few months later, IBM released a new version of the Redbook, without announcement, without even incrementing the version number (contrary to all practice) in which all reference to Hercules, including the entire aforementioned chapter, was systematically removed. Presumably something to do with IBM lawyers.
Apparently, shortly afterwards, IBM developed a scanning tool which would identify any attempt by an IBMer to bring up an instance of Hercules within IBM, and a 'no tea, no biscuits' interview would swiftly follow. Remember that if you ever think IBM is 'friendly' towards open-source projects...