Press Release

Flexera Software Wins IT Europa European IT Excellence Award

FlexNet Producer Suite for Software Vendors Honored as Exceptional SaaS Solution for Helping Sybase Transform the Way They Do Business With Their Customers

Schaumburg, IL - Mar 9, 2010 - Flexera Software, the leading provider of software licensing, entitlement management, installation, and application readiness solutions, today announced that its FlexNet Producer Suite for Software Vendors has been awarded the European IT Excellence Award based on the value it delivered to Sybase in helping transform the way they do business with their customers.

FlexNet Producer Suite for Software Vendors is a comprehensive and proven solution for software license management, electronic software delivery, software compliance and entitlement management. FlexNet Producer Suite delivers continuous software compliance, maximized value and optimized usage for applications.

Based in California, Sybase is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. Their business challenge was to operate more efficiently on a global basis and meet customer requirements for ease and flexibility in accessing and using Sybase software.

Using FlexNet Producer Suite, Sybase has transformed their way of doing business with their customers, enabling their customers to have a great user experience while ensuring they are using the latest and greatest products provided by Sybase. For Sybase, one of the key things that the FlexNet Producer Suite has enabled them to do is that they have been able to decrease their operational costs associated with software delivery by 80%.

"We're very honored to win this prestigious award," said Mark Bishof, chief executive officer at Flexera Software. "We believe the applications market is in the midst of a transformation as customers increasingly are pushing for greater value from the applications they purchase. Companies like Sybase are leaders in understanding and implementing strategic solutions for Application Usage Management that provide unique value to Sybase and their customers."

IT Europa is the leading provider of strategic business intelligence, news and analysis on the European IT marketplace and the primary channels that serve it. It publishes European channel publications such as the IT Europa Newsletter, markets a range of database reports and organizes European conferences and events for the IT and Telecoms sectors. For further details visit: www.iteuropa.com.

The European IT Excellence Awards are the first pan-European awards which recognize the crucial role that Independent Software Vendors (ISVs) and Solution Providers play in the delivery of real world solutions, and attracted entries from 26 countries. Entries were submitted by ISVs and resellers describing the solution provided and each had to be supported by a success story. 51 companies from 16 countries made the finals. The winners were selected by an independent panel of consultants and editors. For more information on these awards and for full details of the finalists and winners, please visit: http://www.iteawards.com/.

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About Flexera
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 more transparent, 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 buying applications, helping companies purchase only the software and cloud services they need, manage what they have, and reduce license compliance and security risk. In business for 30+ years, our 1000+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.

For more information, contact:

Flexera
Amanda Ingalls
(949) 241-1515
aingalls@flexera.com

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