BRMS added to existing Savvion BPM technology
Progress Software announced the acquisition of privately held Corticon Technologies, a business rules management system (BRMS) vendor.
Progress said Corticon products will be integrated into the Progress RPM (Responsive Process Management) suite, which combines business process management (BPM), complex event processing (CEP), business transaction assurance (BTA), and business analytics.
Progress Software’s acquisition of Savvion did give the firm a business rules management technology called Business Rules Management Server, however it’s thought that Corticon’s somewhat more lightweight approach – which requires less coding in order to design and implement rules – will complement rather than compete with the Savvion technology.
Indeed Corticon’s patented "no-coding" rules engine is claimed by the firm to reduce rule development and change cycles by 90 percent.
Dr. John Bates, Progress Software CTO, said: "Within modern responsive businesses, the need to make informed and accurate decisions ‘in the moment’ is critical. High quality real-time decisions are key to avoid fraudulent transactions, to comply with complex and evolving regulations and to generally make the right decision for the business at the right time. The acquisition of Corticon reinforces Progress’ commitment to deliver operational responsiveness by helping customers build highly agile, responsive business systems with models and tools that maximize simplicity and accelerate time-to-value."
Terms of the deal were not disclosed but with Corticon having 450 customers CBR estimates the deal would have been valued at around $20-30m.
Dr. Mark Allen, founder and former CEO of Corticon is expected to become a member of the office of Progress’ CTO. Corticon products will be integrated into the Progress RPM suite in due course.