Contact Information: Media Contacts: Eastwick Communications (650) 480-4040 acresso@eastwick.com
Acresso Software Announces the Acquisition of LinkRight Tracker Technology
Expands Analysis and Forecasting Capabilities Within FLEXnet Manager Suite for More Informed Purchasing Decisions, Support for Additional High-Value Applications
| Source: Acresso Software
SCHAUMBURG, IL--(Marketwire - October 22, 2008) - Acresso
Software, a privately-held company of Thoma Bravo, today announced that the
company has acquired the Tracker product technology from LinkRight
Software LLC, building on the forecasting and analysis capabilities within
Acresso's FLEXnet Manager Suite to deliver a more comprehensive software
usage profile for enterprise IT. Now Acresso can help businesses make more
informed purchasing decisions on software resources, and avoid unnecessary
spending. This addition also extends the range of complex technologies that
FLEXnet Manager Suite can address, including CATIA.
FLEXnet Manager Suite with Tracker automates the process of analyzing
software usage and denial trends against other key factors, and then
recommends the right amount of software. Without this kind of automated
platform, enterprise IT is forced to manually compile contract terms,
costs, organization structure and usage data together -- a costly process
which lacks the context to make informed planning and purchasing decisions.
"With the current economic slowdown, 'do more with less' is a louder mantra
for IT organizations than ever before," said Mark Bishof, President and
Chief Executive Officer for Acresso. "The first thing companies should
review is software spending. Using technology like FLEXnet Manager Suite,
companies can use existing software more efficiently through centralized
management of usage, and stop spending on unnecessary new software and
maintenance fees."
The addition of Tracker to FLEXnet Manager Suite also provides enterprise
IT organizations with direct insight into how individual business units are
using software, such as by project team, geography, or time zone. With this
level of information, underutilized products can be easily identified and
then exchanged for other software, or reallocated within the organization.
FLEXnet Manager Suite is a flexible enterprise license optimization
solution that enables businesses to centrally track and manage the software
usage of multiple high-value applications including more than 8,000
applications embedded with FLEXnet licensing technology, as well as SAP®
Business Suite. This addition extends the range of applications that
FLEXnet Manager Suite can analyze and manage even further to include
software that is protected with LUM licensing technology, such as the Product
Lifecycle Management (PLM) solutions from Dassault Systemes/IBM. The
most widely-utilized of these is CATIA (Computer Aided Three Dimensional
Interactive Application). Thousands of companies worldwide, including those
in aerospace, defense, electronics, and architecture use CATIA to develop
virtual products more collaboratively and efficiently.
About Acresso Software
Acresso Software provides solutions that power the business of software for
multiple customer segments, including hardware and software producers,
engineers and developers, helping them uncover revenue opportunities,
streamline their infrastructure and reduce costs. The company's proven
solutions, including the FLEXnet and InstallShield product lines, have been
simplifying the business relationship between software and hardware
producers and their enterprise and government customers for more than 20
years. Acresso maximizes the value of the software the world develops and
uses. For more information, please go to: www.acresso.com.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has been
providing equity and strategic support to experienced management teams
building growing companies for more than 27 years. The firm originated the
concept of industry consolidation investing, which seeks to create value
through the strategic use of acquisitions to accelerate business growth.
Through a series of private equity funds, Thoma Bravo currently manages
approximately $2.5 billion of equity capital. In the software industry,
Thoma Bravo has completed 38 acquisitions across 12 platform companies with
total annual earnings in excess of $500 million. For more information on
Thoma Bravo, visit www.thomabravo.com.
CATIA is a registered trademark of Dassault Systèmes or its subsidiaries in
the United States and/or other countries.