Posted on 12 Feb 2007
iRise Offered Software Simulation
I just came across an interesting article that entitled, “iRise Offers Tryouts.” This article is discuss about an application simulation developer iRise will give the new startups a 90-day trial of its software. By using the iRise software, the new startups will getting to know what an application they want to develop might look like when accomplished even before they write a single line of code. In 1995, iRise has secured $15.8 million of funding in a round from the venture capitalists led by Morgan Stanley Venture Partners. Its core products consist of iRise Studio, Server, Reader, Manager, and Connect, as shown in a diagram (click here).
iRise has recently launched an entrepreneur program as their product strategy and the executives are optimistic about the program. “iRise’s software was easy enough to use that the other founders and I were able to get up and running on it in a matter of days. We rapidly developed a lifelike visualization of multi-channel retail services, enabling us to more readily provide our solution to the marketplace. Additionally, by handing our development team a clear blueprint of what to build, we shaved significant time off the development cycle. I highly recommend that other software companies use iRise in their development process.” According to a press release of iRise.
Over the years, software companies spend high amounts each year on developing new products. Many have questioned whether the development costs should be termed as expenses or an intangible assets if the products were successfully introduced and sold to the market. Some even wonder the high software development costs could deter the funding from venture capitalists or the growth of these new startups. Therefore, with the release of the software simulation, most of the new startups will be benefited from it.
