Revenera Monetization Platform Receives 2024 IoT Platforms Leadership Award from IoT Evolution

Revenera's IoT Monetization Platform helps device companies grow recurring revenue, activate features on demand, and gain product insights while reducing onsite service needs. In 2024, the platform expanded with Dynamic Monetization and now manages more than $46B in revenues and 71M licenses across 40M devices. Revenera supports flexible models like Elastic Access, allowing on-demand software use instead of fixed subscriptions, with real-time insights to adjust pricing and identify growth opportunities. The user-friendly interface and API provide clear data on usage, token balances and transactions, helping companies better align pricing with the value delivered.

Revenera’s platform helps clients in several ways, including:

• Increasing revenue: Revenera helps some clients double software revenues through flexible monetization and streamlined operations.
• Monetizing the IoT stack: Empowering customers to monetize edge-to-cloud systems with packaging models, embedded licensing, cloud monetization, and SaaS connectivity.
• Driving usage insights: Managing and tracking product usage and insights to enable updates, simplify business models, and monetize on-demand and premium features.
• Entitlement-driven features: manufacturers can offer devices with a single hardware design, but enable or disable certain features based on what a device, business unit or user is licensed to use, reducing costs for manufacturers and providing more flexibility for customers.
• Enabling smart maintenance: Providing predictive and preventive maintenance through analytics, even for offline or partially-connected devices.
• Centralizing visibility: Offering clear insights into customers, software, and devices, including version tracking, active features and automated updates with full traceability.
• Streamlining use rights: Automating the management of customer entitlements versus actual usage.
• Improving adoption: Facilitating cross-portfolio access to reduce barriers, especially for small and mid-sized enterprises.

“With a smart monetization approach, intelligent device manufacturers and connected solution providers can increase revenue and reduce expenses while streamlining operations, securing subscription-based recurring revenue and enhancing customer experiences,” said Nicole Segerer, General Manager at Revenera. “Revenera’s IoT Monetization Platform delivers top-tier digital infrastructure to meet these needs.”