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SOURCE: Intelligent Licensing
Funding will fuel the company’s rapid expansion and business growth
Walnut Creek, Calif. and Hamburg, Germany (PRWEB) November 14, 2012
Intelligent Licensing’s Chairman and Chief Executive Officer, Brian Skiba announced that the company successfully completed its Series A round of financing. The company raised $800,000 of equity capital and issued $400,000 of short-term high-yield debt to fund the firm’s rapid growth in the SAP license management market.
“The entire Intelligent Licensing team, from engineering to management to marketing, has worked non-stop to bring our innovative Dynamic Licensing Suite to market,” said Mr Skiba. “Today, we offer the most feature-rich SAP license management solution for enterprises globally. This funding is a testament to the confidence that our investors have in our product and our management team.”
The company’s flagship product, the Dynamic Licensing Suite, provides a comprehensive set of applications that enable CFOs, CIOs and SAP administrators of large enterprises to proactively manage their SAP licenses. SAP-certified and written in SAP’s own ABAP language, the Suite installs directly on SAP servers and continuously monitors and aggregates the usage data of SAP resources across the enterprise. One component of the Suite, the Dynamic Usage Optimizer, enables enterprises to identify and eliminate redundant, obsolete and erroneous users from their system and save significant costs. The company also just added Dynamic MobileConnect to its product offering, which allows managers to continually monitor license usage in real-time from an iPad, iPhone, Android phone/tablet or personal computer.
“The market for proactive SAP license management is growing fast. Our company is well-positioned with the most technically advanced next-generation products that help large enterprises efficiently manage their huge investment in SAP licenses. Working with our channel partners we will provide both product and thought leadership in this market going forward,” said Mr. Skiba.
About Intelligent Licensing
Intelligent Licensing is a leading provider of SAP license management and optimization software. The company works with large global enterprises to help them generate the highest strategic and financial value from their SAP software licensing commitments. The company maintains offices in Hamburg, Germany and Zurich Switzerland, with its home office in the United States located in the San Francisco Bay Area at 2121 North California Street, Suite 290, Walnut Creek, CA 94596. The phone number is 1-888-374-1141. For more information on Intelligent Licensing, visit the company’s web sites at http://www.intelligentlicensing.com, http://www.intelligentlicensing.com/de, and http://www.intelligentlicensing.com/blog.
SAP is a registered trademark of SAP AG. Android is a trademark of Google Inc.
iPad and iPhone are registered trademarks of Apple, Inc. Inc.
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