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FlexNet Manager Suite Wins CODiE Award for Best Asset Management Solution -- 4th CODiE Award for Flexera Software

FlexNet Manager Suite Helps Enterprises Recapture as Much as 25% of Their Software Budgets Wasted on Shelfware and Non-Compliant Use

ITASCA, IL -- (Marketwired) -- 05/22/14 -- Flexera Software, the leading provider of Application Usage Management solutions for application producers and enterprises, announced today that its market-leading Software License Optimization solution, FlexNet Manager Suite for Enterprises, won the Software & Information Industry Association (SIIA) CODiE Award for best asset management solution. Each award winner was reviewed by a field of industry experts, whose evaluations determined 125 finalists. SIIA members then reviewed the finalists and voted to select this year's award winners. This is the fourth CODiE award win for Flexera Software.

FlexNet Manager Suite for Enterprises is used by hundreds of organizations to gain control of software licensing, reduce risk of non-compliance, and optimize software spend across the enterprise. It is built on the FlexNet Manager Platform, which provides scalable IT asset management, including both hardware and software asset management across more than 14,000 publishers and 125,000 applications, providing insight into installed software and application usage while delivering purchased versus installed license reconciliation and software license compliance.

With specialized modules to optimize high-value vendors including Adobe, IBM, Microsoft, Oracle, SAP, Symantec and engineering applications, the suite applies license entitlements to minimize license consumption and allows organizations to reduce software audit risk by maintaining continuous license compliance. Products in FlexNet Manager Suite allow organizations to efficiently manage concurrent license servers, reduce denials of service and maximize application utilization. Unprecedented insight into software usage and usage trends allows organizations to optimize license types and better forecast future software needs.

"In a global enterprise software market exceeding $340 billion, we know that as much as 25 percent of that spend is wasted in the form of shelfware -- when organizations buy software they do not use. It's also wasted due to license non-compliance -- when organizations overuse their software beyond contract subjecting themselves to software audit 'true-up' costs and penalties -- often in the millions or tens-of-millions of dollars per infraction," said Richard Northing, Senior Vice President of Products and Services at Flexera Software. "Whether our customers leverage FlexNet Manager Suite on-premises or in the cloud, it is bar-none the most effective solution enabling prudent organizations to eliminate this massive waste and corporate risk. We're delighted that the SIIA judges and members recognize the tremendous value we deliver and are honored to receive the CODiE award for best asset management solution."

"SIIA's 2014 Software CODiE Award winners' have some of the most innovative, high-impact software products and services in the market," said SIIA Vice President for the Software Division, Rhianna Collier. "We congratulate all of this year's CODiE Award winners and thank them for the contributions they have made to the software and services industry."

FlexNet Manager Suite also won the CODiE award for best asset management solution in 2012. In both 2006 and 2007 Flexera Software's FlexNet Licensing won the CODiE award for best digital rights management solution. FlexNet Licensing empowers application producers to combat software piracy and increase revenues by easily enabling new pricing, packaging and software licensing models.

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FlexNet Manager Suite for Enterprises includes the following components:

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About Flexera Software

Flexera Software helps application producers and enterprises increase application usage and the value they derive from their software. Our Application Usage Management solutions are essential to ensure continuous licensing compliance, optimized software investments and to future-proof businesses against the risks and costs of constantly changing technology. Over 80,000 customers turn to Flexera Software as a trusted and neutral source for the knowledge and expertise we have gained as the marketplace leader in licensing, installation and compliance for over 20 years and for the automation and intelligence designed into our products. For more information, please go to: www.flexerasoftware.com.

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education, and intellectual property protection to more than 700 leading software and information companies.

The SIIA Software Division provides a forum for companies developing the applications, services, infrastructure and tools that are driving the software and services industry forward. For further information, visit www.siia.net/software

About the SIIA CODiE™ Awards
The SIIA CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other's work. Since then, the CODiE Awards program has carried out the same purpose -- to showcase the software and information industry's finest products and services and to honor excellence in corporate achievement.

*All third-party trademarks are the property of their respective owners.

Copyright © 2014 Flexera Software LLC. All other brand and product names mentioned herein may be the trademarks and registered trademarks of their respective owners.

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