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Press Release
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Deloitte Consulting LLP and iRise Create Alliance to Help Organizations Reduce Cost and Increase Effectiveness of Software Development
NEW YORK, NY and EL SEGUNDO, Calif. –— November 1, 2005 — Deloitte Consulting LLP (Deloitte Consulting), one of the world's leading professional services organizations, and iRise, the world's leading application definition software and services company, today announced that they have signed a new alliance agreement. The alliance builds on Deloitte Consulting and iRise's continuing efforts to help their clients reduce the cost and effort associated with their software development projects, while helping improve the effectiveness of these initiatives.
According to a survey conducted for iRise earlier this year by Decipher, a leading independent research organization, the vast majority of IT organizations budget for cost overruns and software design changes resulting from insufficient requirement definitions made at the outset of development projects. Nearly a third of companies, according to the survey, set aside more than 25 percent of their development budgets for changes that could have been avoided in the first place.
iRise's unique application simulation platform and its application definition experience, knowledge and skills help enable organizations to validate and simulate custom applications in order to better mitigate risk, deliver on time and improve the overall quality of the applications to the business.
Using the iRise platform, business people can quickly assemble a working simulation of a complex system during the requirements phase, helping the business user and the software developer to find and re-define missing or unclear requirements before coding begins.
In the past, text and static screen shots were the primary method for defining requirements on most software development projects. With the iRise platform a simulation can be created in hours with no code. Because business stakeholders often struggled with requirements until they were able to see how the software worked, projects often suffered from late stage, unplanned rework.
"We've used the iRise application simulation platform in providing consulting services to a number of clients in the financial services and manufacturing industries, as well as the public sector, to help them better define requirements early on, and reduce the cost of rework required by those applications to meet the needs of their organization," stated Jon Williams, Principal and leader of Deloitte Consulting's Technology Integration service area. "Deloitte Consulting and iRise are of one mind when it comes to our clients. We're focused on helping them excel and deliver bottom-line value to their business."
"iRise's alliance agreement with Deloitte Consulting is a testament to the success of our ongoing relationship and the value we've delivered to our mutual clients," said Emmet B. Keeffe III, CEO and co-founder of iRise. "We look forward to working together to help companies more efficiently deliver software applications that meet the unique needs of their business."
The success of the alliance was recently recognized by iRise at its first annual Partner Summit in Los Angeles. Deloitte Consulting received two awards from iRise, including their 'Partner of the Year' award for best overall performance.
About Deloitte Consulting's Technology Integration Service Area
Deloitte Consulting professionals in Technology Integration offer both advisory and implementation consulting services that help clients achieve comprehensive solutions to help them better manage the critical business of information technology, including their technology organization and their portfolio of technology assets.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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 enforce 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.
Contact:
Ian Cluroe
Deloitte Consulting, LLP
(620) 776-2312
icluroe@deloitte.com
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