El Segundo, Calif. – January 26, 2009 – iRise®, the world’s leading visualization solutions company, today announced that software revenue for the just completed fiscal Q4 2008 surpassed the entire fiscal year 2007 total. In addition, software revenue for 2008 increased by 50% over the previous year, making fiscal year 2008 a record for the company. iRise is a privately held company backed by Morgan Stanley Venture Partners, Deutsche Bank and other investors.

“The current economic climate is actually fueling our dramatic growth,” stated Emmet B. Keeffe III, CEO and co-founder of iRise. “In today’s economy it’s more imperative than ever to find ways to cut IT cost and deliver more effectively in a global model. Many organizations are now making visualization a standard for how they define and deliver mission-critical systems.”

The iRise customer list includes the best run companies and integrators in the world. iRise added a record number of new software customers in 2008, many of which are ranked in the Global 1000 from a diverse range of industries including healthcare, banking, insurance, retail, distribution, manufacturing, oil & gas, technology and others. Moreover, a record number of companies in 2008 made decisions to standardize enterprise-wide on visualization from iRise, as a must-have solution to dramatically cut IT cost and deliver business critical innovation to market faster. Fiscal year 2008 also marked the establishment of an iRise federal sector office focused on helping agencies and integrators accelerate government modernization efforts.

“During the last recession, IT leaders lowered infrastructure cost by implementing virtualization and consolidating data centers,” Mr. Keeffe continued. “During this downturn, CIOs are now focused on the next big opportunity to cut cost: reducing application development spend by accelerating global sourcing and application rationalization initiatives. The ability for global stakeholders to visualize applications early in the process is the pivotal component to ensure that these strategies pay dividends for the business. While our customers were facing budget cuts, they realized that visualization was an investment they couldn’t afford not to make.”

Software Visualization – The Ultimate Change Agent
iRise visualization software gives companies a powerful way to “test drive” and fully experience business applications before they’re built. Whether you’re building custom applications or extending packaged solutions, getting the requirements right the first time is an imperative in today’s economy. Visualization is now an essential strategy to cut software project cost, accelerate application delivery and leverage outsourcing partnerships without the usual confusion and risk. Just as computer-aided design (CAD) tools transformed the automotive, aerospace and semiconductor industries, iRise is now transforming the global business application market.  

With thousands of projects completed successfully, the value of visualization has proven to be enormous for businesses in highly competitive markets:

• Get to market twice as fast;
• Eliminate 30% of project cost;
• Ensure success of global sourcing strategies; and,
• Dramatically shorten application consolidation projects.

Pricing and Availability
Pricing for iRise starts at $6,995 for iRise Professional Edition; a standalone version of the popular team-based iRise Enterprise Edition. Mid-market pricing is also available for smaller companies. iRise Professional Edition is available for free 30 day trial by clicking here: http://www.irise.com/.

To speed adoption, free iRise eLearning is available from the iRise Website. For more information, click on: http://www.irise.com/services/training_elearning.php.

About iRise
iRise is the world’s leading provider of visualization software for business applications.    Visualization is quickly becoming a critical competitive advantage for businesses to more effectively communicate their needs to technology teams and give everyone involved the ability to fully experience applications before they are built.  Companies of all sizes like General Motors, UPS, Wachovia, Manpower, M.D. Anderson Cancer Center, and many others use iRise to “test drive” their applications before building, which accelerates time to revenue, improves customer experience, and drives costs down.  At iRise, our vision is that by 2020, all business software will be visualized before being built, the same way that every car, airplane, and building is visualized today.  Headquartered in El Segundo, Calif., iRise is backed by Morgan Stanley Venture Partners, and Deutsche Bank, and has sales offices across North America.

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iRise is a registered trademark of iRise. All other companies and products mentioned are trademarks and property of their respective owners.