ITASCA, IL--(Marketwired - April 04, 2017) - Flexera Software, the company that's reimagining the way software is bought, sold, managed & secured, announced today it is the first-in-industry to integrate IT Asset & Security Management for better vendor, financial & risk management - as well as operational efficiency and optimization. Bringing together Software Asset Management (SAM) and Software Vulnerability Management technology is the initial step in this process, ultimately enhancing security for enterprises worldwide. To do that, Vulnerability Intelligence Manager can now leverage the core software and hardware inventory data from FlexNet Manager Suite to highlight enterprise risks, all while improving operational efficiency.
Hackers use toolkits to exploit known vulnerabilities when launching or escalating attacks, leading to costly security breaches that can tarnish companies' reputations. Vulnerability Intelligence Manager enables enterprises to identify vulnerabilities, and determine which ones to prioritize based on risk. According to Flexera's Vulnerability Review 2017, 81 percent of all registered vulnerabilities had patches available on the day of disclosure. Enterprises can patch most vulnerabilities, the trick is knowing how to prioritize them based on criticality.
Normalized software inventory data from Flexera's SAM solution, FlexNet Manager Suite, can now be used to drive the Software Vulnerability Management process in Vulnerability Intelligence Manager. This helps streamline processes and improves collaboration between SAM and Security teams.
"When SAM and Security teams view applications through a common lens, they are more effective," said Tom Canning, Vice President of Enterprise Solutions and Strategy at Flexera Software. "With our integrated SAM and security solutions, these teams can now work together to positively influence their organization's security posture. Flexera's latest product integration brings valuable information about which applications are deployed in organizations, ensuring they are automatically building and maintaining a more complete and accurate list of software that needs to be monitored for security vulnerabilities."
The Convergence of Software Asset Management & Security
Flexera's SAM solution enables enterprises to gain visibility and control of IT assets, reduce ongoing software costs and maintain continuous license compliance. As part of this process, FlexNet Manager Suite helps companies discover and inventory their software assets, rationalize and consolidate their portfolio to reduce the software footprint, and upgrade or remove unsupported, end-of-life software.
These steps, critical to SAM, are also fundamental to Software Vulnerability Management. "We recently surveyed over 200 customers on this topic and found that 50 percent have little alignment between SAM and security - the teams are siloed. So SAM data that could support security efforts, is not being used - creating duplication of effort and added risk for organizations," added Canning. "Notwithstanding, 90 percent of those customers believe that a single, comprehensive normalized software inventory shared by IT Operations and Security would help reduce costs, reduce the risk of audits and vulnerabilities, and increase efficiency."
Indeed, according to Flexera's State of the (Software) Estate: Waste & Risk Running Rampant in Enterprises Report, 64 percent of enterprises (up from 63 percent last year) faced a software audit within the past year. 46 percent (up from 38 percent last year) were audited more than once. And 23 percent (up from 19 percent last year) were audited three times or more.
The integration announced today is the first in the industry that will enable organizations to leverage SAM processes and tools to enhance their security position and reduce the attack surface for hackers and cyber criminals. By integrating FlexNet Manager Suite and Vulnerability Intelligence Manager, Flexera Software addresses the urgent need in the marketplace to have a streamlined process for managing software vulnerabilities and mitigating security risks.
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About Flexera Software
Flexera Software's business sits at the nexus between the world's software producers and buyers - repairing the broken software supply chain, which is the most dysfunctional supply chain in all of business today. That dysfunction manifests as risk and cost - to both the producers of software and the enterprises that buy software - as they solve the complex, time consuming, and expensive problems of ensuring licensing compliance and security from vulnerabilities. Our software licensing, compliance, cybersecurity and installation solutions are essential to ensure continuous licensing compliance, optimized software investments, and to future-proof businesses against the risks and costs of constantly changing technology. A marketplace leader for more than 25 years, 80,000+ customers turn to Flexera Software as a trusted and neutral source of knowledge and expertise, and for the automation and intelligence designed into our products. For more information, please go to: https://www.flexerasoftware.com.
Copyright 2017 Flexera Software LLC. All other brand and product names mentioned herein may be the trademarks and registered trademarks of their respective owners.