Global private equity firm OpenGate Capital has acquired a majority stake in US software company InRule Technology which provides a decision management platform and business rules management system (BRMS).

The acquisition of a majority stake in InRule Technology marks OpenGate’s fifth investment in 2019 through its second institutional fund.

InRule Technology’s BRMS is designed for financial services, public sector, IT and business services, healthcare and insurance. The company’s software is said to help in making mission-critical decisions for enterprise and government customers.

The US software company offers an end-to-end, fully auditable platform which is claimed to act as a “single source of truth” for enterprises processing complex business rules and decision workflows. The company’s decision platform is said to bring in considerable and quantifiable business value across a range of use cases, including insurance eligibility, mortgage qualification, regulatory compliance, risk rating and fraud reduction, healthcare claims processing, and CPQ calculations.

The investment in InRule Technology is expected to help OpenGate Capital to continue innovation and leadership in the decision management market.

Andrew Nikou – founder and CEO of OpenGate Capital said: “InRule is an exciting investment for OpenGate when we consider the vital nature of decision automation in today’s increasingly complex world.

“InRule’s unique ability to process complex logic and vast amounts of data is critical at a time when governance, compliance and digital transformation are vital to any organization’s success.”

InRule deal for OpenGate Capital follows the recently completed acquisitions of Duraco from Essentra, Sargent and Greenleaf from Stanley Black & Decker, SMAC from Colas Group, and Fiven from Saint-Gobain.

Rik Chomko – co-founder and CEO of InRule Technology said: “We are pleased to partner with OpenGate, a global private equity firm that shares our goal to be the global leader in the decision management market.

“I am proud of our employees, and all that we have accomplished together; we are transforming the way complex decisions are managed by the enterprise.”

The companies have not disclosed the financial terms of the deal.

  Andrew Nikou, InRule Technology, IT industry news, OpenGate Capital, Rik Chomko, USA