Flexera Completes Acquisition of Snow Software, Broadening its Portfolio for Technology Value Optimization
“Flexera and Snow share the same mission to maximize the value of technology for our customers.” said Jim Ryan, President and CEO of Flexera. “By joining forces, we bring together unrivaled domain expertise, unmatched technology data and intelligence, and the ability to deliver even more business outcomes for our joint customer base. Flexera’s acquisition of Snow unlocks new opportunities for hybrid ITAM and FinOps. We are excited to broaden the capabilities for customers and partners of both companies.”
Revenera Named “Overall Enterprise IoT Platform of the Year” in 8th Annual IoT Breakthrough Awards Program
The 2024 IoT Breakthrough Award recognizes the breakthrough innovation of Revenera’s IoT Monetization Platform that helps companies securely monetize their IoT stack (edge-to-cloud) through flexible packaging and monetization models, embedded licensing technology, and both cloud monetization and web services to connect SaaS apps.
Revenera’s IoT Monetization Platform helps device companies that are moving to a software-based model: grow recurring revenue, activate features on demand, enable product insights (in both connected and disconnected environments), and minimize onsite service.
Revenera’s platform, which has helped some clients more than double software revenues:
“Understanding software consumption and customer adoption is critical to any successful monetization initiative. As a leader in the space, we enable software suppliers to innovate and make future packaging and pricing decisions based on data,” said Nicole Segerer, SVP and General Manager at Revenera. “The analytics capability offers easy-to-use insights for suppliers, and notifications and alerting based on monetization and usage events.”
Flexera enters into definitive agreement to acquire Snow Software, broadening its portfolio for technology value optimization
Worldwide IT spending could reach $5.1 trillion in 2024, according to Gartner. It is estimated that up to 32% of this spend is wasted. Together, Flexera and Snow will provide deeper visibility and greater insights into the assets, technologies, terms of licensing and usage that comprise this spend and associated risks. Flexera and Snow will offer an expanded global footprint, a powerful strategic partner network and expanded IT Asset Management (ITAM), SaaS Management and FinOps capabilities.
“Profitability and stable growth are important traits for a well-run software business. On the run to SaaS and modern business models, many suppliers miss out on significant revenue opportunities from piracy, overuse, and misuse. Those that have and take action on insights into unlicensed use often have better growth rates to report, and more funds available to ignite innovation and new offerings,” said Nicole Segerer, SVP and General Manager at Revenera. “Many suppliers still aren’t even aware of how much revenue is lost.
“We have received this honor from our Chicago-area employees for twelve consecutive years, and it is something I don’t take for granted.” said Jim Ryan, President and CEO of Flexera. “We continue to focus on listening to our employees and providing a culture in which they can thrive.”
Ability to Gather Software Product Usage Data Improving, but Still Only 40 Percent Do it “Very Well”
“Software producers recognize the importance of usage data. Many, though, have room to grow as they work toward optimized software usage analytics practices that can aid everything from product roadmap decisions, product pricing, user interfaces, and more,” said Nicole Segerer, SVP and General Manager at Revenera. “The vast majority of survey respondents, 97 percent, either gather product usage data or plan to do so, yet almost a quarter of respondents collect telemetry data but let it go to waste.
“Software suppliers aim to grow recurring revenue and streamline operations. To achieve this, they’re relying on software-as-a-service (SaaS), the most widely used deployment model today, and subscription/term and consumption monetization models,” said Nicole Segerer, SVP and General Manager at Revenera. “Software companies are looking to apply pricing and packaging changes faster, but we also see that time to market for their products often falls behind timing expectations.
Great Place to Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation.
Revenera Announces Availability of Vulnerability Disclosure Reports and Vulnerability Exploitability eXchange Reports to Help Optimize SBOMs
To optimize a software bill of materials (SBOM) and make it actionable, accurate reporting is required about the vulnerabilities (known and unknown) inside applications, as well as about the level of impact and exploitability of those vulnerable components. Because the security state of a given SBOM is always changing, it is imperative that a view into the current state is available for downstream partners and customers.
Revenera's IoT Monetization Platform includes entitlement management, software licensing, and software delivery updates. It empowers customers to securely monetize software and the entire IoT stack—edge-to-cloud. It provides a central view of customers, software, and devices. It delivers automated use rights management, detailing customer entitlements and usage.
Revenera's IoT Monetization Platform includes entitlement management, software licensing, and software delivery updates. It helps intelligent device companies move to a software-based model to grow recurring revenue, activate features on demand, enable product insights, and reduce the need for onsite service.
Revenera Monetization Monitor Highlights that 80 Percent of Software Suppliers Will Collect Software Usage Data by 2024
“Software usage analytics trends are maturing. Vendors are looking to automate and optimize how they analyze usage, reducing the reliance on manual processes by nearly 10 percentage points since 2021,” said Nicole Segerer, SVP and General Manager at Revenera.
“I’m so grateful that our employees have given us this award for the eleventh consecutive year,” said Jim Ryan, President and CEO of Flexera. “While we’re a global company, our roots and headquarters reside in the Chicagoland area and our local team is a key part of our culture.”
Frost & Sullivan Names Revenera a Market Leader for Software-Enforced Licensing and Entitlement Management
In exhaustive research over the past decade, Frost & Sullivan closely followed the usage analytics, software enforcement and entitlement category. After a deep review of vendor solutions available in 2022, the firm determined that:
Revenera Applauded by Frost & Sullivan for Providing Market-leading Usage Analytics and Software Enforcement Software
Revenera offers out-of-the-box solutions and integrations that support various business models. Revenera has a long history in the software industry and is the de facto standard for many segments. Its monetization platform offers solutions and integrations that enable software publishers and device manufacturers to implement a wide range of digital monetization models for cloud, SaaS, on-premises, and embedded applications. The transition from a hardware to a software model can seem daunting for many software vendors and device manufacturers.
“Software companies have been embracing SaaS and subscription models for years. It’s clear that they’re continuing to accelerate this move, while also maintaining existing products that still hold a lot of customer value and revenue,” said Nicole Segerer, SVP and General Manager at Revenera. “In order to support a hybrid product portfolio and run a successful transformation, suppliers also need clarity into how their products are being used, an area that shows room for improvement.