August 20, 2025
10AM CDT / 5PM CEST
Take Control of MathWorks® Licenses
“Analyzer for MathWorks® Licensing is extremely powerful, and very flexible. It is great to have Open iT services there, ready for any questions we have.”
Highlights
- VersionBay wanted to track and associate the usage of MATLAB and its different toolboxes to specific projects.
- The company also wanted to monitor the number of hours used by the team on each version of MATLAB and to increase productivity by standardizing on a specific version of MATLAB.
- With Analyzer for MathWorks® Licensing Level 2 and LicensePlanner, VersionBay was able to not only track the specific MATLAB version but also how long each version was being used.
Company and Business Overview
VersionBay helps other companies reduce the risk and quantify the value of migrating to newer versions of MATLAB. To do so, the company has developed its own internal testing tools to validate numerical accuracy between MATLAB versions, as well as performance and memory profiles across different versions. VersionBay’s business model is based on taking existing MATLAB code, making it work in new versions, and sharing best practices with customers.
Business Challenges
“We have struggled for years to find a good way to measure and track MATLAB usage,” said Gareth Thomas, Co-Founder of VersionBay.
There were two main issues that VersionBay needed to address. The first one was that MathWorks tools were some of the biggest items in VersionBay’s software budget and tracking how many hours of computing time goes into each project had always been difficult. The second main issue was the difficulty in internally quantifying how many hours each consultant used on each version of MATLAB.
Whitepapers
Cost Allocation and IT Chargeback
The most efficient way to create more accountability and awareness of how IT resources are used is to implement a chargeback system.
Software Usage Monitoring and Optimization
Learn how usage monitoring in an E&P IT environment can be beneficial for many stakeholders.
Rising Use of Subscription and Pay-per-Use Software Licensing Models
Have a meaningful software usage metrics and tools to evaluate and plan appropriately prior to making new licensing decisions.
Take a Guided Tour
Get answers with a one-on-one walk-through.
Schedule a live demo today. We’ll show you how your business can benefit from an efficient software asset management program with Open iT usage metering tools.
Latest Blogs
Full Visibility Into Federal Software License Inventory Is Now Achievable
If the Department of Veterans Affairs can achieve complete transparency, any agency particularly those juggling costly engineering tools can follow suit. The Department of Veterans Affairs (VA) has accomplished what most agencies still deem out of reach complete, end-to-end visibility of its software license inventory. After years of scrutiny from the Government Accountability Office (GAO),
Analyzer for Ansys® Software Delivers Uninterrupted Optimization Post Synopsys Merger
Despite the scale of the transition, Open iT has emphasized that existing Analyzer for Ansys® Software users will experience no disruption in functionality or support. Amid potential changes to licensing structures and product integration strategies brought by Synopsys’ recent acquisition of Ansys, Open iT has confirmed that its Analyzer for Ansys® Software solution remains
Unused Licenses: The Blind Spot in Your Engineering Software Inventory
Software spend doesn’t need to go up to support growth. It needs to get smarter. That starts with turning your software inventory into a source of truth. In engineering-intensive organizations, software inventory is both foundational and flawed. It tells you what’s deployed—but not what’s being used. And when licenses for tools like CATIA, Ansys, Siemens
Subscribe to our newsletter
Sign up to receive the latest news and updates.