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Press Release
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iRise Delivers World's First Interactive Document Model For Application Simulation
Fifth Generation Application Definition Platform Speeds Time to Market and Cuts Rework
EL SEGUNDO, Calif. –— June 27, 2005 — iRise® today announced the availability of iRise 5, the fifth generation of its market leading collaborative application definition solution. In addition to usability enhancements, the new version introduces the iRise iDoc, a portable interactive definition document that enables business experts to create high fidelity application simulations within a familiar document paradigm. Unlike large binders of text requirements and static screenshots, iRise iDocs contain functionally rich, interactive simulations that act as accurate prototypes of complex business systems.
An iRise iDoc packages the simulation alongside text descriptions and user scenarios, making it extremely easy for business users and developers to communicate. The simulations themselves are quickly built by business experts and the resulting iDoc is packaged in a self-contained file that is emailed for easy sharing with other members of the business and development teams. The free iDoc reader gives all stakeholders the ability to view and interact with the simulation and review the text annotations. The iDoc, as well as the new publishing features in iRise 5, dramatically broadens the reach of collaborative review and iteration and gives global businesses the ability to deliver complex business systems faster, on budget, and with the right features – the first time.
“Communication breakdown between business and IT during requirements definition is an endemic problem that adds big, hidden costs to application development,” said Matt Light, research director, Gartner Inc. “By 2009, we expect automated approaches to supporting requirements definition and management will enable a reduction in the cost of application development quality by 30 percent. Using these requirements tools’ collaboration, simulation and other features and interfaces will not just contribute to these savings, but boost user satisfaction, too.”
In a related announcement today, iRise announced the results of its first annual IT executive audit, co-sponsored by Decipher, a leading independent research organization that surveyed 200 IT executives. The key finding from the commissioned survey is that a vast majority of IT organizations budget for rework and that aggregate amounts spent on this problem can run into the billions of dollars, displacing innovation and delaying product launch dates for many organizations. iRise 5 solves this problem by giving businesses the ability to quickly assemble high fidelity simulations of complex business systems before a single line of code is written. The business expert can work within a familiar document style paradigm, accelerating the prototyping process without taking developers off mission critical projects. iRise 5 contains separate views for the business stakeholder, simulation modeler and business analyst – each of whom can simultaneously or asynchronously annotate and modify the simulation, enhancing collaboration on project specifications. By parallelizing these previously sequential tasks iRise 5 dramatically reduces the amount of time spent defining software. Moreover, enabling stakeholder review of the interactive simulation prior to coding elicits missing and ambiguous requirements, eliminating the expensive and time consuming rework that otherwise occurs after the development effort is complete.
“Simulation with iRise ensures the solutions and services we deliver are exactly as intended,” said Scott McDowell, senior consultant for Maquarium, an Atlanta-based eBusiness consulting firm. “iRise 5 will have an immediate impact on our ability to reduce the time it takes to agree on project specifications with our clients. The introduction of interactive documents and a free reader make simulations truly portable. iRise continues to revolutionize the way organizations define applications.”
iRise 5 now allows business analysts and consultants to create and edit simulations offline, increasing productivity, and speeding the requirements gathering and validation processes. Additionally, the centralized iRise publishing server administers user access rights and, for the first time, enables multiple distributed stakeholders to simultaneously edit a shared definition document.
“Over 70 major corporations around the world are gaining competitive advantage by adopting iRise simulation as a core strategy to getting applications delivered right, the first time. The easily-distributable interactive document and the new pricing of iRise 5 are the next steps to delivering the benefits of simulation to a broader audience,” stated Mitch Bishop, chief marketing officer at iRise.
Pricing and Availability
iRise Series 5 will be generally available in Q3 2005. iRise also today announced new pricing aimed at lowering the cost of entry for adopting simulation on mission critical projects. Pricing of iRise 5 is dependent on project scope and size, but starts at $40,000 and scales upward for global development initiatives that involve a large number of project team members.
About iRise
iRise® is dedicated to bridging the communication gap between business and IT by improving the process of defining software. Global corporations like Agilent, CNA, CSAA, Health Net, Sprint, SunTrust and Wachovia use its market leading application definition platform to get requirements right - the first time. iRise application simulations cut rework costs, accelerate time to market and reduce the risks associated with global development on mission-critical business systems initiatives. Unlike text-based requirements, visual iRise simulations are unambiguous and enforceable specifications that ensure the needs of the business are clearly understood and met. iRise simulations can be built by business experts and used in a collaborative global model to quickly iterate on stakeholder requirements with business people, dramatically improving project success. Headquartered in El Segundo, Calif., iRise is backed by Morgan Stanley Venture Partners and has sales offices across North America.
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