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Press Release
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iRise Selected by CNA for Visual Application Definition
Leading Business Insurer Adopts Application Simulation to Eliminate Costly Rework and Optimize Outsourced Development
EL SEGUNDO, Calif. –— April 18, 2005 — iRise®, the world’s leading application definition software and services company, today announced that CNA, one of the country’s largest providers of property and casualty insurance, has adopted the iRise application simulation platform. The iRise visual simulations for application definition help companies eliminate expensive late stage rework due to missing or ambiguous requirements, as well as ensure delivery of high quality applications faster whether they are internal, outsourced or global development projects.
As business systems have become more complex, text-based requirements are not sufficient for defining and validating application flow, business logic and usability. Often when companies consider outsourcing the development of web-based business applications and portals, they realize that text-based requirements pose some of the greatest risks to these projects. Portals, in particular, are inherently visual applications so without an interactive, visual simulation, organizations face the threat of delivering incomplete, incorrect or ambiguous requirements to the development team. To mitigate these risks, leading organizations are adopting iRise to visually validate application requirements with the necessary stakeholders, including the internal and outsourced development teams. In addition, iRise partners – like the Acquity Group – are using the iRise solution, to quickly gather, analyze and simulate the stakeholder requirements prior to development, thus helping to ensure that customized portal projects will meet the needs of their clients while minimizing expensive late-stage rework.
"The iRise simulations allow us to rapidly and iteratively validate the client’s needs early in the process ensuring we have the right requirements from the start," said Chris Dalton, CEO of Acquity Group. "Working with the iRise simulation platform enables us to fully optimize the solutions into our customers' functionally-rich environment."
"Global development holds tremendous promise for leading organizations today, but also tremendous risk," said Mitch Bishop, chief marketing officer at iRise. "iRise offers a simple and effective way to eliminate much of this risk through interactive, visual simulations that everyone understands. Like other major corporations today, CNA is adopting simulation as a fundamental solution to getting applications defined right – the first time."
About iRise
iRise® is dedicated to bridging the communication gap between business and IT by improving the process of defining business applications. Focused on Fortune 1000 companies, its innovative iRise Application Simulator enterprise software product recently received eWEEK magazine's Analyst's Choice award. It allows an organization to "test market" applications with customers, partners and employees before making funding decisions and validate business requirements with stakeholders during the definition process. The result is investments in business applications that actually meet the needs of the business. With the same focus, its services group has successfully translated the needs of business users to deliver mission-critical business applications for more than 100 customers on 300 engagements. The company is based in El Segundo, Calif., with regional offices in New York and San Francisco, and sales offices covering the continental US.
About CNA
CNA is the country's seventh largest commercial insurance writer and the 14th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial Corporation.
About Acquity Group LLC
Acquity Group is a leading provider of business and technology solutions designed to optimize business performance. Our consultants deliver measurable results to top-tier organizations by streamlining processes, fueling efficient internal collaboration and aligning systems for maximum revenue generation. Our clients include Equity Office, JP Morgan, McDonalds, Nautilus, RadioShack and Shimano. Acquity Group is headquartered in Chicago and has offices in Los Angeles and Phoenix.
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