September 01, 2021
Combined Solution Will Provide AI-Enabled, End-to-End Automation for a Wide Range of Industries
CHICAGO, Sept. 1, 2021 – InRule Technology®, provider of the leading decision platform for automating mission-critical business decisions, today announced the acquisition of Sweden-based Barium AB, a provider of digital process automation (DPA) SaaS solutions. Financial terms of the acquisition were not disclosed.
The Barium Live DPA platform automates a wide variety of enterprise processes, from case management and loan origination to order fulfillment, inventory management, customer and employee onboarding, and more. By allowing subject matter experts to create user-friendly business applications that automate business processes and improve the way work gets done, Barium Live brings efficiency, consistency, and transparency to manual and time-consuming processes.
By augmenting the InRule® Decision Platform with Barium’s low-code DPA platform, enterprises can utilize a single platform that pairs the power of AI, including automated decisions and explainable machine learning, with digital process automation.
The combined solution will enable organizations to deliver more dynamic, reliable, seamless user experiences that delight customers and improve business outcomes today, while providing scalability and flexibility to meet the business challenges of tomorrow.
Barium represents InRule’s second add-on acquisition this year. InRule’s majority investor, OpenGate Capital, has backed the company since 2019.
Commenting on the acquisition, OpenGate Capital’s CEO and Founder, Andrew Nikou stated, “Demand for enterprise automation technology is rapidly accelerating, and InRule is at the forefront of this transformation. We are excited to continue building on the company’s strategic vision and cementing its digital decisioning leadership through this highly strategic acquisition.”
“InRule Technology’s vision has always been to make automation accessible across the enterprise and the acquisition of Barium is another significant milestone on our journey to bring that vision to life,” said Rik Chomko, co-founder and CEO, InRule Technology. “Together, InRule and Barium are paving the way toward a new, modern technology ecosystem that unites human-centric and machine-centric processes with robust, AI-driven digital decisioning.”
“From Electrolux, Maersk, and Essity, to Apoteket and Selecta, Barium has proudly served customers across the public and private sectors since 1995,” said Mattias Arnelund, CEO, Barium AB. “We are thrilled to join the InRule Technology family and play a role in empowering enterprises with the ability to build and deploy the most extensive, accurate and transparent decision, prediction, and process automation strategies for developers and citizen developers, alike.”
InRule and InRule Technology are registered trademarks of InRule Technology, Inc. All other trademarks and trade names mentioned herein may be the trademarks of their respective owners and are hereby acknowledged.
About InRule Technology
InRule Technology enables enterprises to understand and automate decisions with unparalleled speed, agility, accuracy, and transparency. IT and business personnel rely on InRule’s Decision Platform to increase productivity, grow revenue, and enhance customer service. With its ‘author first’ approach, InRule empowers both technical and business rule authors to write and manage rules. Whether as a service or in-process, in a container or an offline mobile application, InRule allows organizations to execute decisions anywhere for extreme flexibility and scalability. More than 400 InRule User Community members across 40 countries depend on InRule to reduce development and change cycles by 90 percent for their mission-critical systems and customer-facing applications. InRule has been delivering measurable business, and IT results in high-performance environments since 2002. For more information, visit www.inrule.com.
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About Barium AB
Headquartered in Gothenburg, Sweden, Barium AB prides itself on making complex operations easy. The company’s low-code digital process automation (DPA) platform, Barium Live, allows users to digitize processes faster than ever before. Automation-savvy and business process quality assurance professionals trust Barium Live to automate a variety of enterprise processes and easily integrate with today’s most widely deployed technologies. The Barium team always strives to mirror the attributes of the Barium Live platform: fast, efficient, highly useful, supportive, innovative, contemporary, vivid and flexible. Learn more by visiting: www.barium.se/en.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital has executed more than 30 acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.