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
Rising AEC Tech Spend Makes Software Asset Management Non-Negotiable
The architecture, engineering, and construction (AEC) industry is experiencing rapid digital transformation, and software asset management (SAM) is emerging as a critical practice to maximize the value of technology investments. Firms are not just increasing technology spending—they are deploying transformative digital tools, including BIM, CAD platforms, AI-driven design systems, and advanced simulation software, to improve efficiency, manage labor shortages,
ArcGIS Pro Migration: Sustaining Success After ArcGIS Desktop Retirement
As Esri approaches the ArcGIS Desktop retirement on March 1, 2026, ArcGIS Pro migration has become a defining initiative for GIS teams worldwide. Many organizations began planning years ago, often immediately after Esri announced the retirement timeline. Yet completing the technical transition away from ArcGIS Desktop is only the beginning. The true measure of success lies in what happens
Improving Transparency & Accountability in Federal Software Spending with Open iT
Recent bipartisan action in the U.S. House of Representatives to advance the Strengthening Agency Management and Oversight of Software Assets (SAMOSA) Act reflects a growing federal priority: improving transparency and reducing waste in government software spending. As agencies face heightened expectations to inventory software assets, consolidate licenses, and evaluate enterprise agreements, the ability to act quickly, defensibly, and with auditable data
Subscribe to our newsletter
Sign up to receive the latest news and updates.