iRise Lands South African Bank

El Segundo-based iRise, a developer of software used to visualize enterprise applications, said today that it has signed on African Bank, a South African financial firm, as a customer. Financial impact of the win was not disclosed. According to iRise, the firm's software was used as part of developing a new accounts receivable system at the bank, with enough success that African Bank is now mandating it use for all large projects at the firm. iRise's software is used to help define business applications before coding by developers, to minimize changes and speed development.