Progress Software has completed the acquisition of Corticon Technologies, a privately held company headquartered in Redwood City, Calif.
Corticon is a Business Rules Management System (BRMS) vendor that enables organizations to make better, faster decisions by automating business rules. The company’s “no-coding" rules engine automates sophisticated decision processes, empowering organizations to increase efficiencies, operate more responsively and reduce rule development and change cycles by 90 percent, the companies said.
Corticon BRMS services and related products are used by many of the world's largest financial services, insurance, and eCommerce companies, as well as federal and state government organizations, collectively automating millions of decisions per day to improve productivity and customer service. Corticon’s model-driven approach is designed to makes rules accessible to business-domain experts who can maintain them directly, making rules easier to adapt to changing market conditions.
“Within modern responsive businesses, the need to make informed and accurate decisions ‘in the moment’ is critical," said Dr. John Bates, chief technology officer, Progress Software. "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."
Corticon products will be integrated into the Progress RPM suite, which combines Business Process Management (BPM), Complex Event Processing (CEP), Business Transaction Assurance (BTA), and Business Analytics through the Progress Control Tower product. Progress says the combined Progress Corticon BRMS offering will enhance business decision making for all enterprises.
Terms of the deal were not disclosed.
