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
Ensure Business Continuity Through Seamless License Data Migration
In software license management, data migration is not just a technical requirement. It is a strategic safeguard for business continuity. For organizations navigating complex software asset management ecosystems, the continuity of license usage data is the continuity of business itself. In the modern enterprise, software license data is more than a compliance record—it is institutional
Ensure ROI Against Rising Engineering Software Costs
Gartner projects that global software spending will increase by 10.5%, surpassing $1.2 trillion by late 2025 or early 2026. For engineering-driven industries—such as aerospace, defense, automotive, AEC, energy, and manufacturing—this growth is not driven by expanded capabilities but by rising vendor pricing. As costs increase, organizations face the illusion of larger software budgets while the
Software Licensing in M&A: Strategies for Seamless Transition
M&A reshapes organizations, but without disciplined software asset management, it can also magnify risk and waste Mergers and acquisitions (M&A) represent inflection points where organizations consolidate not only assets and people but also technology. Among the most underestimated complexities in this process is software licensing. Engineering and specialty applications—such as those from Autodesk, MathWorks, Dassault
Subscribe to our newsletter
Sign up to receive the latest news and updates.