Iris Software rated at the highest level of a prestigious software industry benchmark
Iris Software today announced that its Business Solutions and Technology Services (BSTS) has been appraised at level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI)®. The appraisal was performed by Mr. Sankararaman Dhandapani of QAI India Ltd.
CMMI is a capability improvement framework that provides organizations with the essential elements of effective processes that ultimately improve their performance.
An appraisal at maturity level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes.
“Achieving the CCMI appraisal at Level 5 is another significant achievement in the evolution and growth of Iris. I am very pleased to note that our teams, led by Aman Jain, our Quality leader, have been able to demonstrate the best-in-class practices that we adhere to in the work that we do. This industry benchmark reinforces our commitment to our customers in offering higher levels of service-level reliability, accuracy and predictability and equips us to drive our client’s software transformation initiatives”, commented Anil Apte, Managing Director and founder of Iris Software.
About CMMI® Institute
CMMI Institute (CMMIInstitute.com) is the global leader in the advancement of best practices in people, process, and technology. The Institute provides the tools and support for organizations to benchmark their capabilities and build maturity by comparing their operations to best practices and identifying performance gaps. For over 25 years, thousands of high-performing organizations in a variety of industries, including aerospace, finance, health services, software, defence, transportation, and telecommunications, have earned a CMMI maturity level rating and proved they are capable business partners and suppliers. To learn more about how CMMI can help your organization elevate performance, visit CMMIinstitute.com.
Iris Software is a professional software services organization serving customers in the USA, Canada and India for over 25 years. Iris focusses on developing ready-to-deploy Custom-Off-The-Shelf solutions, Application Software development services, as well as services towards the maintenance, testing, integration, & support of software. Iris serves its Financial Services customers with deep domain knowledge & wide execution experience in many areas such as allocation & settlement, credit & market risk, market & reference data, & muni bond underwriting. Iris serves its Enterprise Services customers in a wide area of functional expertise, inter alia, supply chain optimization, workflow & work management efficiency, asset & loaner tracking, and digital experience management.
Iris services the information technology requirements of companies ranging from the Fortune 100 to medium-sized firms by utilizing specialized domain knowledge, best-of-breed technologies, rapidly deployable proprietary frameworks/solutions and flexible engagement models. Iris provides thought leadership to solve business problems creatively by conceptualizing & delivering uncommon solutions leveraging existing technologies & new computing paradigms such as Digital Transformation, Machine Learning, Analytics & Insights, Cloud Computing & Process Automation. Iris continually innovates to accelerate outcomes such as time-to-market, lower costs, ease of maintenance & reduced TCO. Iris’ core strengths of software engineering best practices enables it to deliver high quality solutions consistently.