Revenera IoT Monetization Platform Wins 2023 IoT Breakthrough Award

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.

The platform empowers technology companies to securely monetize the entire IoT stack: edge devices and local networks, on-prem and SaaS solutions. It provides a single, fully-integrated back-office system to manage licenses, entitlements, and software delivery. It also accelerates timely, accurate revenue recognition and avoids revenue leakage through automated entitlement-driven functionality, delivering software only to paying customers and providing a complete audit trail of customer activity.

Revenera’s IoT Monetization Platform:

• Provides flexible packaging and monetization models; embedded licensing technology; cloud monetization and web services to connect SaaS apps; usage management and tracking for product insights; and delivery and deployment of software and firmware updates.
• Enables a central view of customers, software, and devices illustrating the version(s) of software running on the device(s), tracking active features, and provisioning automatically-deployed software and firmware updates, enabling full traceability.
• Facilitates implementation of new business models for increased recurring revenue with on-demand features, including separate monetization of premium features.
• Provides automated use rights management - showing customer entitlements versus actual usage - and both predictive and preventive maintenance, based on analytics and product insight.

Recently, Revenera enhanced the functionality of its entitlement-driven delivery of software containers to end users and intelligent devices. Its Software Container Delivery extends the benefits of software delivery beyond traditional packaged application files while leveraging intelligent device vendors' investment in CI/CD toolchains and repositories.

“Software is a primary driver of value and differentiation in IoT, and IoT platform vendors can now monetize access to their solutions while device vendors manage and generate revenue from the growing number of intelligent devices,” said James Johnson, managing director at IoT Breakthrough. “Revenera’s breakthrough platform enables companies to do that in a secure way and also get a head start on their competition in order to realize the earning potential of IoT - supporting all levels of connectivity and business – from start-up to some of the biggest Industrial IoT players in the world. We’re thrilled to recognize them once again this year, this time for the ‘Enterprise IoT Platform Innovation Award.’”

Revenera has been named a winner in the IoT Breakthrough Awards program for six years running. The company was previously recognized for three straight years as the “IoT Enablement Company of the Year For The Enterprise Market” and two consecutive years - 2021 and 2022 - as “Overall Enterprise IoT Platform of the Year.”

The mission of the IoT Breakthrough Awards program is to recognize the innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted more than 4,000 nominations from companies all over the world.

“We are honored to be back in the IoT Breakthrough Winners’ circle. Revenera enables technology companies to leverage software to increase the value of their overall solution, and to move to recurring revenue models like subscription or usage-based models. Our platform enables technology companies to manage their customer entitlements and access to software and to capture product insights to base product innovation and investment on real world intelligence,” said Nicole Segerer, SVP and General Manager at Revenera. “Our IoT Monetization Platform continues to expand its impact in the market, serving thousands of customers with millions of devices and enabling billions of IoT revenue.”