CHICAGO – March 12, 2014 – InRule Technology, Inc., provider of InRule®, the premier business rule technology for the Microsoft® platform, announced today that the company achieved significant annual revenue growth in 2013.
The 67 percent year-over-year increase in booked business is attributed to greater traction in key industry verticals, including financial services, insurance, healthcare and the public sector. Additional licensing agreements with existing members of the InRule user community and greater penetration in the EMEA and Asia-Pacific also bolstered 2013 growth. The company also had significant EBIDTA in 2013.
2013 marked the inaugural InRule User Community (IUC) survey which uncovered the quantifiable benefits of implementing InRule®. Leaders across several sectors and titles shared their perspectives about InRule Technology and its value versus traditional hard-coding. The survey demonstrated that by selecting InRule over coding logic, customers save an average of $488,059[1]. In addition, more than 98 percent of customers would recommend InRule to industry colleagues.
Also noteworthy in 2013, InRule® for Microsoft Dynamics® CRM, which allows users to write, manage, share and execute business rules and calculations without using JavaScript or code, became the first and only business rule software to be certified for Microsoft Dynamics CRM. The distinct honor signifies that InRule for Microsoft Dynamics CRM meets Microsoft’s highest standard for partner-developed software.
“We are extremely pleased with how the business performed in 2013 and the year’s accomplishments mark a significant milestone in the company’s growth,” said Paul Hessigner, InRule Technology chairman and chief executive officer. “We are excited about the year ahead as we execute on a strong product roadmap and a robust pipeline and continue to meet the industry’s needs for turning rules into measureable IT and business results.”
Rik Chomko, InRule Technology co-founder and chief operating officer, added, “We can attribute the milestones of the year to the InRule team’s unwavering commitment to delivering exceptional solutions and services played an integral role in our accomplishments and will continue to pave the way for success in the future.”
# # #
About InRule Technology
A Microsoft Certified Gold Partner, InRule Technology has been delivering InRule, the premier .NET Business Rule Management System for the Microsoft platform since 2002. InRule Technology helps customers turn rules into measureable IT and business results by making it easy to align the logic of core applications with ever-changing marketplace and customer needs. InRule Technology is trusted by hundreds of organizations for mission-critical and customer-facing applications. For more information, visit www.inrule.com.
The trademarks and trade names mentioned herein may be the trademarks of their respective owners and are hereby acknowledged.
[1] Savings as reported in the 2013 InRule User Community Member survey.