Revenera's Investment in Software Usage Analytics Propels Growth
Waltham, Mass. — February 23, 2017 — Revenera, a leading provider of software usage analytics, today announced continued strong growth and market expansion in 2016. Investment in new and enhanced solutions that give software producers deep and actionable insight into who is using their applications and how they are being used was key to that growth.
Revenera's acquisition of Trackerbird Limited in March expanded its software usage analytics with new offerings for product management, software development, and marketing professionals. Key customer acquisitions and renewals cemented the company's position as the leading and trusted provider of compliance analytics solutions. Revenera's global customers include market-leading software companies, seven of the top 10 CAM vendors, as well as six of the top PLM and CAD vendors. Since 2010, Revenera's software intelligence has supported customer compliance programs that have generated more than $1.8 billion in new license revenue. With the expanded software usage analytics solutions, Revenera's technology has been deployed in more than 50 million installations across 200 countries.
“Revenera is taking its vision to give software producers insight into how their applications are being used - and their ability to make data-driven decisions - to the next level,” said Joseph Noonan, President and CEO of Revenera. “We're proud to have a track record of profitability and success in the innovative and competitive Boston market and beyond, and we've doubled our headcount and office space in anticipation of continued growth. The combination of Usage Intelligence and Compliance Intelligence provides software vendors and creators of enterprise applications new and advanced visibility into product usage to increase license revenue, build better products, and drive end-user adoption.”
“Usage Intelligence has been a game-changer and true competitive advantage for us,” said the director of product management at an enterprise software vendor. “By understanding how customers interact with our applications, we've already made specific product enhancements that have increased customer satisfaction and driven new revenue as users adopt the latest version of our software.”
After rebranding as Revenera in November, the company announced the latest version of its Usage Intelligence solution, the first purpose built software usage analytics tools for Windows, Mac, and Linux.
