SOURCE: ManageSoft Corporation

ManageSoft Corporation

August 26, 2009 11:20 ET

ManageSoft Scores Nine Fortune 500 Customers in Twelve Months

Top Global Service Providers Embed Enterprise Compliance Manager®

BOSTON, MA--(Marketwire - August 26, 2009) - ManageSoft -- the leading provider of desktop-to-datacenter software asset management (SAM) solutions -- in closing a stellar fiscal year and fourth quarter, attributed its growth and profitability to its expanded sales channel. ManageSoft added nine Fortune 500 customers, surpassed 100 Enterprise Compliance Manager® (ECM) customers worldwide, and now has over 3 million computers under management.

Over the last year, ManageSoft has made alliances with some of largest Global Service Providers to incorporate ECM into their IT outsourcing offerings and for internal use as well. This has allowed the company to focus on R&D and extend its technology lead, while relying on its selling partners to move product through their broad channels.

"Having the best IT asset management product is required, but isn't enough to become ubiquitous; we needed to partner with the leading managed service providers to acquire millions of users," said Steve Butler, ManageSoft's president and chief executive officer. "Our 'reduce IT spend' message is resonating with customers and amplified by economic conditions. Everyone is looking to cut expenses and bolster their bottom line, so we are a perfect fit. Going into our new fiscal year, we have a lot of momentum to sustain our growth."

"Customer satisfaction is also an important part of our profitably equation, as it drives ongoing maintenance revenues," added Alan Swahn, ManageSoft's vice president of marketing and business development. "We are achieving better than a 90 percent renewal rate year over year, which speaks for itself."

About ManageSoft

ManageSoft is the leading supplier of Enterprise Software Management solutions for software asset recognition, license compliance, and contract management. ManageSoft's flagship product -- Enterprise Compliance Manager® -- enables organizations to reduce software license and maintenance costs, while improving IT operational efficiency and maintaining license compliance.

Our products support open industry ISO and ITIL software asset management standards and ManageSoft contributes to defining future standards with participation in the ISO 19770 working groups. ManageSoft has developed key business or technology partnerships with Microsoft (Gold Certified), VMware, Oracle, Novell, Red Hat, and Siemens IT Solutions and Services.

The company is headquartered at 100 North Washington Street, Boston, MA. 02114. Telephone: +1.617.532.1600, Fax: +1.617.532.1605, and has offices in United Kingdom, Germany, and Australia. Email: ITcompliance@managesoft.com, Websites: ManageSoft.com or Desktop2Datacenter.com.

ManageSoft and Enterprise Compliance Manager are registered trademarks of ManageSoft, Incorporated. All other companies and products referenced herein are trademarks or registered trademarks of their respective holders.

Contact Information