Research Industrial Systems Engineering

What Research Industrial Systems Engineering does

Research Industrial Systems Engineering (RISE) is an Austrian end-to-end IT systems engineering company founded in 2003 as a spin-off from TU Wien and headquartered in Schwechat/Vienna. With 251-500 employees and offices across Austria, Germany, France, and Switzerland, RISE positions itself as one of the few true IT systems builders (IT-Anlagenbauer) in Europe, covering the full IT stack from chip cards to mainframes, mobile to desktop, and hardware to software. The company serves enterprise and public-sector clients across multiple verticals—healthcare, government and public administration, banking and financial services, telecommunications, transportation and aviation, energy and utilities, sports, and small business—with the German healthcare telematics infrastructure (TI) as its flagship focus.

The core product portfolio centers on certified healthcare IT infrastructure for the German market: the RISE Konnektor (BSI-certified and gematik-approved security gateway deployed in approximately 200,000 physician practices, pharmacies, and hospitals), the RISE Highspeed-Konnektor (HSK) with HSM-B support, the RISE ePA electronic patient record (managing more than 22 million patient records across 80+ statutory and private health insurers), the RISE TI-Gateway (software-based TI connection adopted by over 25,000 institutions), the PoPP central TI 2.0 service, KIM secure healthcare email, and central and federated Identity Provider services. Beyond healthcare, RISE operates the FreeFinance cloud accounting platform (using OCR and AI for sole proprietors and small businesses), the sportdata/Sports-ID event management platform (handling more than 6,000 tournaments annually across 105 countries), the Business Service Manager mobile service platform, and the Foresight Strategy Cockpit for strategic analysis. The company operates its own data center infrastructure in Vienna, Munich, and Nuremberg with greater than 99.99% availability and GDPR-compliant operations.

RISE monetizes through four primary revenue streams: professional services (IT systems planning, integration, and consulting), hardware sales (Konnektor devices for healthcare providers), managed services (high-availability data center operations and infrastructure hosting), and licensing/royalties (mobile payment, NFC, and banking applications). Go-to-market is primarily direct enterprise sales supplemented by strategic channel partnerships, the most critical being BITMARCK, which distributes RISE ePA technology to over 80% of German statutory health insurers covering 35 million insured individuals. Pricing varies from procurement-based contracts with public institutions and insurance companies for healthcare products to a €100/year subscription for FreeFinance. The company is 100% Austrian-owned with no disclosed external funding and operates as a privately held entity.

Name

Research Industrial Systems Engineering

Legal name

Research Industrial Systems Engineering (RISE) Forschungs-, Entwicklungs- und Großprojektberatung GmbH

Website

https://rise-world.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

RISE is an Austrian end-to-end IT systems engineering company specializing in certified healthcare IT infrastructure for the German telematics network (Konnektor, ePA, TI-Gateway), while also serving banks, governments, insurers, and telecom operators across Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Schwechat

HQ country

Austria

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. IT Systems Integration and Consulting: Large-scale IT system planning, implementation, and integration services for government, healthcare, and enterprise clients. Includes research and development projects.
2. Healthcare IT Products and Infrastructure: Sale and maintenance of healthcare IT components including Konnektor hardware, ePA software, TI-Gateway, and IDP services to healthcare providers and insurance companies.
3. Managed Infrastructure Operations: Highly secure, scalable operating infrastructure with data centers in Austria and Germany. High availability solutions exceeding 99.99% uptime with DSGVO compliance.
4. Mobile and Payment Solutions: Development and integration of mobile payment systems, NFC solutions, and banking applications for enterprise clients.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

RISE is an end-to-end IT systems builder that plans, integrates, and operates large-scale mission-critical IT infrastructure for healthcare, government, banking, and other regulated industries. Its flagship offerings include the RISE ePA electronic patient record (serving 22+ million patient files for 80+ German health insurers via the BITMARCK partnership), the gematik/BSI-certified RISE Konnektor and Highspeed-Konnektor security gateways deployed in ~200,000 German practices/pharmacies/hospitals, the RISE TI-Gateway software connector (25,000+ institutions), and complementary platforms including FreeFinance cloud accounting, sportdata/Sports-ID event management, and the Business Service Manager for mobile service integration.

Product overview

RISE is an end-to-end engineering company offering a comprehensive portfolio of IT solutions across healthcare, finance, mobility, government, and security sectors. The core product portfolio centers on healthcare IT infrastructure in Germany, featuring the RISE ePA (electronic patient record) serving over 22 million patients, the RISE Konnektor and Highspeed-Konnektor (security gateways for the telematics infrastructure), and the RISE TI-Gateway (replacing physical connectors). Supporting products include FreeFinance (cloud accounting for small businesses using AI/OCR), sportdata/Sports-ID (sports event management across 6,000+ tournaments annually), and the Business Service Manager platform for mobile service integration. RISE operates its own data center infrastructure with high availability (>99.99%) across Austria and Germany, providing GDPR-compliant operations. The company also offers specialized modules for identity management (IDP/KIM), geoinformation systems, and rehabilitation frameworks. As a 100% Austrian-owned company founded from TU Vienna over 20 years ago, RISE operates as both technology manufacturer and system integrator.

Differentiator

Problem solved

Functional benefit

Brands

• sportdata: Leading platform for managing combat sports events, providing seamless and comprehensive event management solutions including online registration, competition organization, and live results presentation
• Sports-ID
• FreeFinance
• RISE Konnektor
• RISE ePA
• RISE TI-Gateway
• RISE Highspeed-Konnektor (HSK)

Products and services

• RISE ePA (Electronic Patient Record) Electronic patient record platform deployed for 22+ million highly secure patient files covering 80+ statutory and private health insurers in Germany. Provides patients with control over health data, including medication management, document storage, mobile access, and digitally supported medication process. Available as a customizable product, integrable SDK, or standalone white-label solution for GKV, PKV and adjacent sectors.
• RISE Konnektor BSI-certified, gematik-approved security gateway providing secure and confidential access to the German healthcare telematics network (Telematikinfrastruktur). Deployed in approximately 200,000 physician practices, pharmacies, and hospitals. Available as desktop unit for practices and 19-inch rack version for hospitals.
• RISE Highspeed-Konnektor (HSK) High-speed Konnektor with HSM-B (Hardware Security Module) support. Approved by gematik for PoPP (Proof of Patient Presence) implementation, enabling mobile care scenarios and telemedicine. Includes HSM-B pilot testing with RHÖN-KLINIKUM AG, DKTIG, and D-Trust.
• RISE TI-Gateway Software-based gateway solution replacing physical connectors for connecting healthcare institutions to the telematics infrastructure. Over 25,000 institutions connected including clinics, hospitals, doctors' offices, dental practices, pharmacies, therapists, and care facilities.
• PoPP (Proof of Patient Presence) Central TI 2.0 service commissioned by gematik enabling digital, location-independent, and cryptographically secure proof that patients are in a medical care context with service providers. Fundamental prerequisite for accessing sensitive health data in TI 2.0, supporting mobile care and telemedicine.
• Identity Provider (IDP) for TI Central and federated Identity Provider services for the German telematics infrastructure. Controls access to specialist services including E-Rezept (electronic prescription). Provides HealthID for private health insurance customers. Developed in partnership with noris and msg.
• KIM (Kommunikation im Medizinwesen) Secure email communication service for physicians within the German telematics infrastructure, enabling encrypted communication between healthcare providers.
• FreeFinance Cloud Accounting Cloud-based accounting software for sole proprietors and small businesses. Uses OCR and AI for automated document capture, invoicing, single and double-entry bookkeeping, travel expense accounting, logbook management, and tax submissions to FinanzOnline. Priced at approximately €100 per year. Expanding from Austria to Germany, Brazil, India, and Africa.
• sportdata / Sports-ID Sports event management platform managing more than 6,000 tournaments annually in 105 countries (averaging 20 events daily). Provides end-to-end event management from online registration through competition organization to live results presentation. Includes Games Management Systems (GMS), member management, and event accreditation.
• AirKey NFC Access System NFC-enabled electronic locking system enabling doors to be opened with NFC-capable mobile phones. RISE developed backend software, mobile application, and the wireless transmission technology stack between lock and mobile device. Built with EVVA Sicherheitstechnologie GmbH.
• Business Service Manager (BSM) Centralized infrastructure platform connecting mobile phones to services for payments, ATM withdrawals, loyalty cards, identity verification, and access control. Tested with Maestro payment method in Austria.
• ZOIN P2P Payment Platform Nationwide peer-to-peer payment platform enabling instant money transfers via phone number between Austrian bank customers. Built by RISE for PSA (Payment Services Austria) from 2014-2017.
• Paybox NFC Mobile Payment NFC contactless mobile payment solution jointly developed with A1 Telekom Austria and paybox Bank. RISE planned, built, integrated and rolled out the entire end-to-end system. Also powers Handy-Parken (mobile parking) and Ticketing.
• Mobile Banking Applications (BAWAG, 3Banken Gruppe) Mobile banking applications developed for BAWAG & easybank and as Premium App Partner for 3Banken Gruppe (Oberbank, BTV, BKS Bank). Delivered for iOS, Android, and tablets with bank-specific corporate identity and features including IBAN scanner and currency converter.
• Foresight Cockpit (ForeSight Strategy Cockpit) Web-based strategic planning and risk-analysis tool developed by 4strat GmbH Berlin using RISE technology. Combines qualitative and quantitative data with advanced visualization for situation analysis, trend monitoring, and dynamic national situation picture aggregation.
• Vienna Airport Backend Migration (COBOL to Java) End-to-end legacy system migration service from COBOL to Java architecture, delivered for Vienna International Airport to handle 55,000+ daily passengers. Migration completed on schedule and budget with zero downtime.
• Straßendatenbank (Road Database GIS) Web-based geoinformation system replacing the legacy road database application for the State of Lower Austria. Enables capture, management, and evaluation of road network information with IoT extension capabilities for road maintenance operations.
• Rehabilitation Framework (Re@@Ha) Central rehabilitation platform integrating and standardizing multiple serious games. Handles organizational aspects, enables customization to personal user needs, and provides direct communication with users for exercise monitoring and measurable progress tracking.

Quantifiable outcome

• More than 25,000 institutions connected via RISE TI-Gateway within first year
• +5 more outcomes

Named customers33 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability10 records

Feature13 records

Partnerships

17 partnerships are on record, tiered core, minor and flagship.

• RHÖN-KLINIKUM AGcoreTechnology or Integration · 9 April 2026RHÖN-KLINIKUM AG partnered with RISE, DKTIG, and D-Trust for friendly user testing of the HSM-B (Hardware Security Module) in the RISE Highspeed-Konnektor following gematik approval.
• DKTIGcoreTechnology or Integration · 9 April 2026DKTIG (Deutsche Krankenhaus Trustmedia Informations- und Technologievermittlungsgesellschaft) partnered with RISE in the HSM-B pilot testing for hospital identity provider solutions.
• D-TrustcoreTechnology or Integration · 9 April 2026D-Trust partnered with RISE in the HSM-B pilot testing, providing trust services for the German healthcare telematics infrastructure.
• CAUIM (Film Club)minorStrategic or Co-development Partner · 4 April 2024RISE partnered with CAUIM (co-founded by Dr. Socrates) to support small entrepreneurs in Brazil with the FreeFinance cloud accounting platform. RISE management Thomas Grechenig and Karin Kappel signed agreement in 2024.
• BITMARCKflagshipStrategic or Co-development Partner · 15 July 2019BITMARCK-Unternehmensgruppe and RISE jointly developed the highly standardized electronic patient record (ePA) for the German health market. BITMARCK serves over 80% of German statutory health insurance funds with 35 million insured individuals. RISE provides ePA technology, components, and integration services while BITMARCK handles distribution and operation through their GKV-Softwarestandard BITMARCK_21c|ng.
• PSA (Payment Services Austria)coreStrategic or Co-development Partner · 21 September 2017RISE built the ZOIN P2P payment technology platform for PSA, enabling instant money transfers via phone number between Austrian bank customers. RISE developed the entire technical platform from 2014-2017 including mobile payment solutions.
• gematik GmbHflagshipStrategic or Co-development Partner · 17 July 2017gematik awarded RISE the EU-wide tender to develop a security Konnektor for the German healthcare telematics infrastructure. RISE was commissioned to develop the PoPP (Proof of Patient Presence) service for TI 2.0. gematik oversees the Telematikinfrastruktur (TI) rollout in Germany.
• Österreichische Post AGcoreStrategic or Co-development Partner · 8 July 2014Austrian Post AG partnered with RISE to develop mobile applications for Android and iOS platforms, including the 'Yellow Slip' virtualization for parcel tracking notifications.
• 3Banken Gruppe (Oberbank, BTV, BKS Bank)coreStrategic or Co-development Partner · 1 December 2013RISE served as Premium App Partner for 3Banken Gruppe implementing mobile applications with adaptable interfaces for each bank's corporate identity, including IBAN scanner and currency converter features.
• BAWAG Group AGcoreStrategic or Co-development Partner · 15 October 2013RISE developed mobile banking applications for BAWAG & easybank for iOS, Android, and tablets. RISE had already implemented smartphone versions and delivered tablet versions with new design standards.
• Vienna International Airport (VIE)coreStrategic or Co-development Partner · 30 November 2012RISE completed a major backend system migration from COBOL to Java architecture for Vienna Airport handling 55,000+ daily passengers. Migration completed on schedule and budget with zero downtime.
• DasFinanzbuch GmbHcoreStrategic or Co-development Partner · 27 October 2012DasFinanzbuch GmbH (founded by Andreas Staribacher) partnered with RISE for FreeFinance cloud accounting platform. RISE has been technical and strategic partner since 2010, with FreeFinance expanding internationally from Austria to Germany, Europe, Brazil, India, and Africa.
• EVVA Sicherheitstechnologie GmbHcoreStrategic or Co-development Partner · 30 August 2012EVVA partnered with RISE and A1 to develop AirKey - an NFC-enabled electronic locking system. RISE developed software components for the backend system, mobile application, and technology stack for wireless transmission between lock and mobile device.
• TU Vienna (Technical University of Vienna)minorStrategic or Co-development Partner · 30 August 2012TU Vienna conducted the first controlled usability and field study for the AirKey NFC-enabled access system. Partnered with EVVA, A1, and RISE for the pilot project at the university.
• A1 Telekom AustriacoreStrategic or Co-development Partner · 18 April 2012A1 Telekom Austria partnered with RISE and paybox Bank for Paybox NFC contactless mobile payment solution. RISE planned, built, integrated and rolled out the entire system end-to-end. Also partnered for Handy-Parken mobile parking and AirKey NFC access control.
• paybox Bank AGcoreStrategic or Co-development Partner · 18 April 2012paybox Bank partnered with A1 and RISE for Paybox NFC contactless mobile payment solution. paybox Bank provides banking license and payment infrastructure while RISE provides system integration and technology development.
• 4strat GmbH BerlinminorStrategic or Co-development Partner · 18 April 20124strat GmbH partnered with RISE for the ForeSight Strategy Cockpit, a RISE-built software product created using RISE strategy knowledge and worldwide customer experience.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CompuGroup Medical: Leading European healthcare IT vendor providing practice management systems, ePA, and Konnektor-type connectivity to physicians, hospitals, and insurers. Directly comparable in the German healthcare telematics infrastructure space where RISE competes.
• medatixx: German healthcare IT provider offering practice software, Konnektor solutions, and TI services to physician practices. Operates in the same gematik-regulated ecosystem as RISE with overlapping customer base.
• Dedalus Group: European healthcare IT vendor delivering clinical, diagnostic, and healthcare platform software to hospitals and regional authorities. Comparable to RISE's healthcare systems integration work and shares enterprise healthcare buyer profiles.

Broad incumbents

• Telekom Healthcare Solutions: Subsidiary of Deutsche Telekom providing e-health solutions, Konnektor services, and TI connectivity as part of a broader telecom and IT services portfolio. Overlaps with RISE in the German telematics infrastructure market at much larger parent-company scale.
• Arvato Systems (Bertelsmann): Bertelsmann-owned IT services and systems integrator with significant healthcare and public sector presence in Germany. Comparable to RISE's end-to-end IT engineering capability but at much larger scale across multiple verticals.
• T-Systems: Deutsche Telekom's enterprise IT arm providing large-scale systems integration, cloud, and managed services to government and healthcare clients. Competes with RISE in regulated IT infrastructure projects across DACH.
• Atos: European-headquartered IT services and systems integration major with healthcare and public sector practices. Comparable in scale of systems integration work and similar client base in regulated European industries.
• Capgemini Engineering: Global IT services and engineering firm with strong European presence in healthcare, finance, and public sector systems integration. Comparable to RISE's end-to-end engineering model and multi-vertical delivery capability.

Emerging players

• Bundesdruckerei: German state-owned provider of secure identity, e-healthcard, and government digital identity solutions. Comparable to RISE's secure identity and telematics components and a potential collaborator or competitor in regulated identity infrastructure.

Regional players

• msg: German-headquartered IT consulting and systems house with deep healthcare insurance and public sector practices. Co-developed the IDP for the German E-Rezept with RISE and is a direct comparable in the German regulated IT market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RISE_Health_
• LinkedInlinkedin.com/company/research-industrial-systems-engineering-gmbh

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Research Industrial Systems Engineering