Flexera Software, a portfolio company of private equity firm Thoma Bravo, has acquired ManageSoft, a Boston-based provider of enterprise software management solutions. No financial terms were disclosed. ManageSoft had raised over $38 million in VC funding from firms that included Accede Capital Venture Partners, Technology Venture Partners and Siemens Venture Capital.
PRESS RELEASE
Flexera SoftwareTM, the leading provider of strategic solutions for Application Usage Management to application producers and their customers, today announced it has completed the acquisition of ManageSoft. ManageSoft is a global supplier of enterprise software management solutions that combine asset recognition and inventory, license compliance, contract management, and software/OS deployment. ManageSoft solutions manage over 3 million devices across more than 250 enterprise customers.
Applications have become strategic – they don’t just help the business, they run it. Yet application usage is among the least well managed of strategic enterprise resources and most companies manage application usage tactically if at all. Traditionally, companies have relied on Software Asset Management (SAM) solutions such as IBM Tivoli, Microsoft SCCM, HP OpenView, BMC Remedy or CA Unicenter to deploy and inventory software assets. But today the business imperative is transforming from counting what you have to controlling, using and optimizing the software licenses you have while ensuring that you only buy what you need.
Enterprise License Optimization solutions such as Flexera Software’s FlexNet Manager Suite for Enterprises represent the next generation SAM solution capable of meeting today’s business challenges. Whether extending the value of your existing SAM solution or acting alone, such solutions reconcile detailed insights into the software entitlements you own and actual application usage data. The result is unprecedented control of your application usage, providing the strategic solution needed to drive upwards of 5-30% savings in software spend. In fact, one global consumer packaged goods leader saved more than $30 million in under six months using Flexera Software’s Enterprise License Optimization platform.
ManageSoft’s Enterprise Compliance Manager products now become strategic additions to Flexera Software’s FlexNet Manager Suite for Enterprises. ManageSoft technology brings the ability to manage and optimize datacenter applications and desktop applications from vendors such as Microsoft and Adobe – a requirement viewed as “table stakes” by most enterprise and government prospects – while providing a platform for delivering license optimization solutions across additional applications in the future. These capabilities join Flexera Software’s existing SAP, Oracle and engineering application solutions to deliver companies a truly comprehensive solution to optimize application usage.
FlexNet Manager Suite for Enterprises now delivers a way for enterprises to control, manage and optimize applications from the desktop to the datacenter with:
Automated discovery and inventory of all applications across the enterprise
Application identification from a library of over 400,000 software titles
Usage monitoring of each application and license model (including CPU-based, concurrent, named, virtualized environments, etc.)
Automated reconciliation of usage and entitlement (purchased) data
Together these capabilities deliver substantial business value in the form of:
License optimization to maximize investments in your license landscape
Operational excellence to drive better processes and practices in managing your licenses
Improved vendor management during critical events in the lifecycle of high value applications
“We are very pleased to welcome the people, products, partners and customers of ManageSoft to Flexera Software,” said Mark Bishof, president and CEO of Flexera Software. “This is a strategic acquisition that significantly strengthens our leadership position in the Enterprise License Optimization market. Enterprise and government customers are feeling the heat from not having a strategic solution to manage application usage, and today we are able to deliver solutions from the desktop to the datacenter to meet these needs.”
ManageSoft’s Enterprise Deployment Suite complements Flexera Software’s Application Readiness solutions, providing the ability to offer a complete application compatibility, packaging and deployment solution for customers looking for a fully integrated solution from a single provider. As a part of this solution, ManageSoft’s Application Recognition Library determines an application’s producer, title and version. This information ensures the project team has a complete picture of all applications used in the organization and insight into the readiness of desktop hardware to support a migration to Windows 7, for instance – essential elements to planning any migration project.
About Flexera Software
Flexera Software is the leading provider of strategic solutions for Application Usage Management; solutions delivering continuous compliance, optimized usage and maximized value to application producers and their customers. Flexera Software is trusted by more than 80,000 customers that depend on our comprehensive solutions – from installation and licensing, entitlement and compliance management to application readiness and enterprise license optimization – to strategically manage application usage and achieve breakthrough results realized only through the systems-level approach we provide. Flexera Software is a privately-held company and an investment of private equity firm Thoma Bravo, LLC. For more information, please go to:http://www.flexerasoftware.com/.