InRule Technology, Inc., a Chicago, Illinois-based decision management platform and business rules management system (BRMS), received a majority investment from OpenGate Capital.
The amount of the deal was not disclosed.
The company intends to use the proceeds to continue to expand operations and its business reach.
Founded in 2002 and by Rik Chomko, CEO, and CTO Loren Goodman, InRule provides an auditable platform for enterprises processing complex business rules and decision workflows across a variety of use cases, including insurance eligibility, mortgage qualification, risk rating and fraud reduction, regulatory compliance, healthcare claims processing and CPQ calculations.
The company has diverse, global and long-standing relationships with more than 400 customers across a variety of industries, including financial services, public sector, IT and business services, healthcare and insurance.