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Lotus F1 Team Adopts iRise Software Visualization to Accelerate Formula 1 Software Development

March 2, 2012

EL SEGUNDO, Calif., March 2, 2012 /PRNewswire/ — iRise®, the global leader in enterprise visualization solutions, is proud to announce that it has joined Lotus F1 Team as part of its elite Technical Partners program. Through this new partnership, the former world-champions will leverage iRise software visualization to accelerate time-to-market for its critical software development initiatives.

Lotus F1 Team is one of the premier outfits in the Formula 1 World Championship. Under its former Renault F1 Team banner, the team won the Drivers’ and Constructors’ World Championships in 2005 and 2006, having previously won two Drivers’ and one Constructors’ title in the 1990s as Benetton.

The team was acquired by Genii Capital and re-branded Lotus Renault GP in 2011. For the 2012 season the team has been re-named Lotus F1 Team, with ambitious plans and a bright future in the World Championship.

The all-new 2012 Lotus F1 Team driver partnership – 2007 Formula 1 World Champion Kimi Raikkonen, and 2011 GP2 Champion Romain Grosjean – are lightning fast and will prove strong challengers to the other competitors on the grid.

By leveraging iRise software visualization early in the software design process, Lotus F1 Team intends to converge on the desired requirements faster and accelerate time to delivery on these mission-critical software development projects.

iRise is the world’s leading provider of enterprise visualization software for business software development. With iRise, business analysts and designers can simulate and visualize the look, feel and functionality of complex software in a matter of hours with no need for coding. By leveraging iRise, analysts can collaborate with business users to iterate the visualization in real-time and converge on the desired solution in a fraction of the time, before coding even begins.

Patrick Louis, CEO, Lotus F1 Team: “The biggest problem we have with software development projects is ensuring the requirements identified up front match the requirements at the point of delivery. Traditional functional requirements documents and static screen shots do not provide either the consumers or the developers with sufficient granularity, which bogs down the requirements process and often leads to unexpected late-stage rework. We first learned about the ability to accelerate software development projects with iRise in 2011 and have already leveraged visualization to accelerate critical development projects in our Agile development lifecycle. Our goal is to improve on-time delivery of our racing-related software which will be intuitive and of immediate benefit to its users, and iRise is a mission-critical element of our strategy to achieve that.”

Eric Boullier, Team Principal, Lotus F1 Team: “We have been leveraging computer-aided design tools for years to simulate the design of our race cars and accelerate their manufacture. It makes perfect sense that iRise would empower our IT organization to do the same for software design and delivery, and we are very pleased to form a technical partnership with iRise.”

“We are thrilled to be associated with a World Championship winning team like Lotus F1 Team and look forward to a productive partnership in the coming months and years,” said Emmet B. Keeffe III, CEO and co-founder of iRise. “The IT organization at Lotus F1 Team is already very agile, given the culture of speed and innovation on the team. If Lotus F1 Team struggles to get requirements right with everyone at the same location, I can only imagine how hard it must be for global organizations to communicate about requirements that have business and IT stakeholders spread around the globe.”

For more details on the iRise software visualization platform, go to www.irise.com.

For information about Lotus F1 Team, visit www.lotusf1team.com.

About iRise:
iRise is the world leader in software visualization/design solutions that are changing the way enterprise applications are created. Its visualization software reduces or altogether eliminates the written requirements that clog and complicate effective communication. Instead, business analysts can now collaborate side-by-side with developers and business people, building working models in hours or days that enable all stakeholders to experience, the look, feel and behavior of applications before coding begins. iRise is dramatically shortening the development cycle and saving tens of millions of dollars for major companies including Chase, FedEx, General Motors, Manpower, UPS and hundreds of others. Headquartered in El Segundo, California, iRise is backed by Morgan Stanley and Deutsche Bank, and has sales offices across North America and in London. Visit www.irise.com.

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Source: PR Newswire