Press Release

FlexNet Manager Suite for Enterprises to Optimize Global Software Licensing Estate for Nordic Region's Largest Financial Services Organization

Itasca, IL - May 5, 2015 - Flexera Software, the leading provider of next-generation software licensing, compliance and installation solutions for application producers and enterprises, today announced that a contract has been signed with Nordea, one of the largest financial services groups in Northern Europe, to implement FlexNet Manager Suite for Enterprises across its organization. The Software License Optimization solution will help to reduce software waste, ensure compliance with vendor policies as well as optimize software spend across Nordea's software estate, both on the desktop and in the datacenter.

Due to its size and spread, the organization needed a Software License Optimization solution that integrated well into its existing environment. After a thorough evaluation, Nordea chose Flexera Software because of its ability to go beyond simple software asset management and ensure optimization of its software estate - enabling continual compliance. Nordea takes license compliance seriously and wanted to implement FlexNet Manager Suite not only to ensure visibility and control of its hardware and software assets moving forward, but also to eliminate waste in software spend by helping the company buy only what it needs, and use what it has.

Once implemented, FlexNet Manager Suite for Enterprises will continuously monitor application usage and correlate usage data with select software license agreements to provide a continuous, comprehensive view of Nordea's license position. The software will support efforts to proactively ensure compliance, reduce audit penalty risk and ongoing software spend by uncovering and reharvesting unused software - eliminating waste from buying unneeded software.

"This is a great win for Flexera Software as we further consolidate our leadership position in the large enterprise space in the Nordic region," said Vincent Smyth, VP EMEA at Flexera Software. "FlexNet Manager Suite is the clear choice for enterprise customers looking to address their Software License Optimisation capabilities from desktop to datacentre, as well as for those demanding a solution tightly integrated with their IT Service Management infrastructure."

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FlexNet Manager Suite for Enterprises includes the following components:

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About Flexera
Flexera is reimagining the way software is bought, sold, managed and secured. We view the software industry as a supply chain, and make the business of buying and selling software more transparent, secure, and effective. Our Monetization and Security solutions help software sellers transform their business models, grow recurring revenues and minimize open source risk. Our Vulnerability and Software Asset Management (SAM) solutions strip waste and unpredictability out of buying applications, helping companies purchase only the software and cloud services they need, manage what they have, and reduce license compliance and security risk. In business for 30+ years, our 1000+ employees are passionate about helping our 80,000+ customers generate millions in ROI every year. Visit us at www.flexera.com.

For more information, contact:

Flexera
John Lipsey
(224) 465-9139
jlipsey@flexera.com

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