InRule Technology, provider of the leading decision platform for automating mission-critical business decisions, 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.
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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.
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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.”
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