Versata

Versata is a business-rules based application development environment running in Java EE. It is a subsidiary of Trilogy, Inc.

History

Versata started in the early 1990s as a software consulting company called Vision Software. Over time it developed and sold software for Microsoft Visual Basic development market. Around 1994, it began development of an integrated development environment for applications. It included a GUI builder and a business rules engine that enabled developers to create a Web application rapidly using MS SQL Server or Oracle in the backend. The product, called Vision Jade, was released around 1997. It was enhanced to support three tier applications and Java thin clients.

Vision Software changed its key product and company name to Versata, went public in March 2000 and, on that day, was worth an astonishing $4 billion—astonishing considering that the company had revenues of about $60 million and was losing a lot of money; but this was during the Dot-com bubble. Despite hard times, Versata has managed to stay alive and maintain its customer base.