Issuance represents one of several patents approved for Company's Process Automation Platform

August 2009, Westwood, MA - RAGE Frameworks, Inc., a business process automation leader, announced that the U.S. Patent and Trademark Office has issued a patent for the company's approach to data and information extraction. The extraction component, combined with the broader process automation platform and its other components, provides industries such as financial services, capital markets and health care, the ability to dramatically improve the efficiency of data entry functions.

"Existing approaches to this problem most often included off-shoring the function," explained Jim DeWaele, RAGE Framework's Vice President, Business Development. DeWaele added, "These off-shoring models have run their course. They are error prone and do not improve the process. Increased wages, attrition, and general management overhead have made these functions increasingly expensive and difficult to manage."

"This is an exciting development for our company as we continue to expand and execute on our platform vision," commented Dr. Venkat Srinivasan, RAGE Framework's CEO and founder. Added Dr. Srinivasan, "The extraction component allows for rule driven extraction of data from semi-structured and unstructured documents. The challenges associated with data extraction are endemic and can be found? in practically every industry. The inability to extract data leads to manual data entry/structuring and a business function that does not scale efficiently. The extraction component coupled with the RAGE Enterprise platform provides for the rapid development of complete end to end information solutions including down stream calculations and validations while accommodating the workflow associated with exceptions."

"Adding the extraction capability to the RAGE platform provides for true 'straight thru processing' of a data entry/information structuring function," commented Srini Bharadwaj, RAGE Framework's Vice President of Customer Services. "We are seeing significant cost savings over both on-shore and off-shore models, with improved quality and service" added Bharadwaj.

About RAGE Frameworks, Inc.
Rage Frameworks is a business incubator focused on capital efficient, process-aware businesses. Led by Dr. Venkat Srinivasan and an experienced team of industry veterans, RAGE applies its patented technology platform to its portfolio companies and directly to its clients through the concept of client specific "Business Process Automation Centers." Located in Westwood, MA the team at RAGE has been applying the RAGE approach to global companies for over 15 years. To learn more about RAGE, visit www.rageframeworks.com.