FlexNet Publisher is a popular software license manager from Flexera Software that supports a vast collection of software applications using a wide range of licensing models, including floating licenses, node-locked licenses, named-user licenses, subscription-based licenses, pay-per-use licenses, etc. Formerly known as FlexLM, it provides software vendors several key benefits, including support for compliance management for
Take Control of MathWorks® Licenses
Gareth Thomas, Co-founder of VersionBay
VersionBay is a consulting company based in the Netherlands founded in 2018, which uses MATLAB and toolboxes to support their customers. VersionBay wanted to track and associate the usage of MATLAB and its different toolboxes to specific projects. This would help with internal purchasing, cost sharing, and refining business needs. The company also wanted to monitor the number of hours used by the team on each version of MATLAB. The goal was to increase productivity by standardizing on a specific version of MATLAB.
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.
“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.
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.
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Anyone who deals with multi-million-dollar negotiations with software vendors knows that preparation starts long before the license agreements are set for renewal. Without the proper information on actual business requirements, companies would leave themselves vulnerable to over-purchasing or spending on unnecessary products and services. Therefore, having the right information prior to, and using it properly
Cadence® Design Systems is a leader in electronic design with more than 30 years of expertise in the computational software industry. Providing service to the most innovative companies in the world, Cadence applies its proprietary Intelligent System Design to bring forth hardware, software, and IP to realize design concepts. Among its most important products are