Press Release

Peter Prestele Joins Flexera Software as Senior Vice President and General Manager, Europe, Middle East and Africa (EMEA)

Focus will be to accelerate growth and scale business within software vendor, intelligent device manufacturer and enterprise markets across region

Schaumburg, IL - Mar 4, 2013 - Flexera Software, the leading provider of Application Usage Management solutions for application producers and enterprises, announced that Peter Prestele has joined the company as Senior Vice President & General Manager, EMEA.

Prestele brings with him more than 20 years of executive-level management experience with leading technology companies. Prior to joining Flexera Software he was EMEA General Manager for SuccessFactors. Previously he served in leadership positions at Hewlett-Packard, Mercury Interactive, IBM Europe and other tech companies.

Prestele joins the company at a time when Flexera Software is enjoying rapid growth across all of its business areas, and across all geographical regions including EMEA. "Despite overall sluggishness in the European economy, demand is extremely robust for Application Usage Management solutions that help organizations derive more value from their software," said Mark Bishof, President and CEO of Flexera Software. "We are thrilled to have someone of Peter's caliber and experience in this position to take our EMEA business to the next stage in our evolution."

Flexera Software helps application producers and enterprises increase application usage and maximize their investments in software. This includes market leading solutions in Licensing & Entitlement Management, InstallationSoftware License Optimization and Application Readiness. Prestele is charged with accelerating growth and scaling Flexera Software's producer-side and enterprise-side businesses in EMEA via both direct sales and through strategic alliances, value added resellers (VARs), systems integrators and other channel partners.

"Flexera Software's Application Usage Management solutions sit at the heart of the software and intelligent device industries, and are key enablers of critical new trends such as cloud, virtualization, consumerization of IT and the Internet of Things," said Prestele. "I am very excited to be taking this role at a time of such rapid expansion, and look forward to playing a key role in scaling our EMEA business and taking the region to the next level of success."

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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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