The new version 3.1.1 features automatic form generation. "We can now take the time it takes to create an online web form and really reduce it to a few seconds," said Rick Saletta, WaveMaker director of marketing. Users could migrate from an application like Oracle Forms, he added.
The product will be available both commercially with support, and as an open-source product under the Affero General Public Licence, which requires that source code be made available to any network user of work authored under this licence.
Visual AJAX Studio utilises the Spring Framework for Java and Hibernate object-relational mapping technology. It can work with any database supporting Hibernate.
Minimal AJAX custom coding is required in the product, Saletta said. The product can use web 2.0 technologies, while adhering to a CIO's architectural, security and data policies, WaveMaker said.
The company compares the product to rivals from Nexaweb and Bungee Labs, which it believes require use of proprietary technology – such as Bungee Labs' use of the Bungee Logic language with its online hosted service, Bungee Connect.
WaveMaker is considering offering its product as a hosted service similar to Bungee Labs, but has not yet made a decision, Saletta said.
Other features in version 3.1 include simplified navigation, bug fixes in such areas as data binding and the product's data model, and certification that it can use the IBM DB2 database and Internet Explorer.
Users can download Visual AJAX Studio 3.1 for free while annual subscriptions featuring professional support services cost US$10,000 (£5050) per Java virtual machine.
WaveMaker was formerly known as ActiveGrid.