Schaumburg, IL - Oct 28, 2009 - Flexera Software, formerly Acresso Software, today announced the latest version of FlexNet® Manager for Engineering Applications, the only software license optimization solution on the market for enterprise-class engineering applications. FlexNet Manager now enables organizations to centrally monitor, manage, analyze, and report on software usage by linking usage and denial trends directly to specific contractual license terms, geographies, and organizational structure, so organizations can fully optimize software use, remain compliant, and control spending.
With this product launch, FlexNet Manager now provides analytical tools that automatically recommend software purchase quantities based upon past usage trends and other business-based criteria. This helps organizations more accurately plan and budget for the future and determine the right mix of software to purchase or retire in order to minimize software costs, effectively manage denials and address license compliance issues. FlexNet Manager is the only product available that offers the capability to access continuous usage trending data from thousands of FlexEnabled applications and use that data to recommend optimal purchase quantities.
For energy, software engineering, semiconductor manufacturing, and design companies, high-value electronic design automation (EDA) software can constitute a significant portion of operating expenses. Failing to properly manage licenses for this software risks shelfware, denials of service, and non-compliance situations—all potentially expensive problems. Without insight into software usage, organizations cannot know what software should be retired, supported or purchased, or accurately gauge the return on investment (ROI) on their software spending.
With 20 years of experience as the makers of FlexNet Publisher, the leading licensing technology embedded in 20,000 enterprise-class applications, Flexera Software is uniquely capable of providing meaningful insight into the usage of some of the most expensive and widely used applications on the market. More than 3,000 software publishers and hundreds of Fortune 1000 companies depend on Flexera Software's technologies to ensure that end users have the most positive experience installing and using their software.
"This new version of FlexNet Manager for Engineering Applications is built on Flexera Software's proven capabilities to deliver significant hard-dollar value to enterprises that have invested millions in software but often don't know how much they have or how they are using it," said Mark Bishof, president and chief executive officer for Flexera Software. "Are they overpaying for licenses? Are they violating agreements with the vendors providing essential software tools for running their business? FlexNet Manager makes it easier than ever to answer these questions and helps companies control and optimize their software spend—delivering significant potential savings."
Through its FlexNet Manager Suite for Enterprises, Flexera Software already brings analytical capabilities to its solutions geared specifically to managing some of the world's most widely used applications, such as SAP® Business Suite and Oracle databases and applications, and today's announcement strengthens Flexera Software's software license optimization offerings to create the industry's most comprehensive solution set on the market today.
Read more about Key New Features in FlexNet Manager for Engineering Applications.
The Software Investment Planner offers a central place to store complex contract terms, making it easy to identify compliance issues and see the cost of changes in the license environment. It also offers new product-based reporting which maps complex product-to-feature relationships so companies can automatically report on how they are using the products listed on their software contracts.
Flexera is reimagining the way software is bought, sold, managed and secured. We view the software industry as a supply chain, and make the business of buying and selling software and technology asset data more profitable, secure, and effective. Our Monetization and Security solutions help software sellers transform their business models, grow recurring revenues and minimize open source risk. Our Vulnerability and Software Asset Management (SAM) solutions strip waste and unpredictability out of procuring software, helping companies buy only the software and cloud services they need, manage what they have, and reduce compliance and security risk. Powering these solutions and the entire software supply chain, Flexera has built the world’s largest and most comprehensive repository of market intelligence on technology assets. In business for 30+ years, our 1200+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.