Open iT Company Profile

Background

Overview

Open iT, established in 1999, is a Houston-based company specializing in IT asset management and software optimization solutions. The company focuses on providing advanced hardware and software usage reporting and optimization tools to help organizations reduce costs, enhance performance, and support business process improvements.

Mission and Vision

Open iT's mission is to empower organizations worldwide to make informed decisions regarding engineering software license management. By offering flexible software usage metering and management tools, the company aims to enhance the service value and business viability of its clients.

Primary Area of Focus

The company's primary focus is on software asset management (SAM) solutions, particularly for engineering applications. Open iT provides tools for metering, analyzing, and optimizing software usage, thereby assisting organizations in managing their IT resources effectively.

Industry Significance

Operating within the IT asset management industry, Open iT plays a crucial role in helping organizations optimize their software investments, ensuring compliance, and reducing unnecessary expenditures. Its solutions are particularly significant for companies with complex engineering environments that require precise software usage tracking and management.

Key Strategic Focus

Core Objectives

Cost Reduction: Assist organizations in reducing IT costs by optimizing software license usage.

Performance Enhancement: Improve the performance of IT systems through effective resource management.

Business Process Improvement: Support business improvements by providing insights into software usage and resource allocation.

Specific Areas of Specialization

Open iT specializes in software usage metering and management, focusing on engineering applications and IT asset management. The company's solutions cater to various software vendors, including Autodesk, Ansys, MathWorks, SAP, and others.

Key Technologies Utilized

LicenseAnalyzer: A tool for metering, analyzing, and optimizing software usage.

ComputeAnalyzer: Meters CPU, memory, and I/O usage in GRID computing environments.

LicensePlanner: A plugin that provides functionalities to manage, plan, and optimize licensed software applications and license agreements.

Primary Markets or Conditions Targeted

Open iT primarily targets organizations with complex engineering environments that require precise software usage tracking and management. Its solutions are applicable across various industries, including energy, manufacturing, and education.

Financials and Funding

Funding History

As a privately held company, Open iT has not publicly disclosed detailed funding history or financials. The company has been self-funded since its inception in 1999.

Total Funds Raised

Open iT has not raised external funding and remains privately owned.

Notable Investors

There are no publicly known investors associated with Open iT.

Intended Utilization of Capital

As a privately held company, Open iT has not publicly disclosed specific plans for capital utilization.

Pipeline Development

Open iT focuses on continuous development and enhancement of its software solutions to meet the evolving needs of its clients. The company regularly updates its products to incorporate new features and improvements, ensuring they remain effective in optimizing software usage and IT resource management.

Technological Platform and Innovation

Proprietary Technologies

LicenseAnalyzer: Specializes in metering, analysis, and optimization of software usage.

ComputeAnalyzer: Meters CPU, memory, and I/O usage in GRID computing environments.

LicensePlanner: Provides functionalities to manage, plan, and optimize licensed software applications and license agreements.

Significant Scientific Methods

Open iT employs advanced metering and reporting techniques to provide insights into software usage and IT resource allocation. These methods enable organizations to make informed decisions regarding software license management and optimization.

Leadership Team

Key Executive Profiles

Eistein Fosli: Founder and CEO. Eistein has been instrumental in establishing and leading Open iT, focusing on delivering effective IT asset management solutions.

Competitor Profile

Market Insights and Dynamics

The IT asset management industry is characterized by a growing need for organizations to optimize software usage and manage IT resources effectively. Companies are increasingly seeking solutions that provide detailed insights into software usage patterns to reduce costs and improve performance.

Competitor Analysis

Open iT faces competition from various companies offering software asset management and optimization solutions. Notable competitors include:

Widen: Offers digital asset management solutions.

Adobe Experience Manager Assets: Provides digital asset management as part of Adobe's suite.

These competitors offer similar solutions aimed at optimizing software usage and managing IT assets.

Strategic Collaborations and Partnerships

Open iT collaborates with various software vendors to enhance its solutions and provide comprehensive software asset management services. These partnerships enable Open iT to offer tools that cater to a wide range of software applications, ensuring effective optimization and management.

Operational Insights

Open iT differentiates itself through its specialized focus on engineering applications and its comprehensive suite of tools designed for detailed software usage metering and optimization. This specialization allows the company to offer tailored solutions that address the unique challenges faced by organizations in managing complex engineering software environments.

Strategic Opportunities and Future Directions

Open iT is well-positioned to capitalize on the increasing demand for software asset management solutions. By continuing to innovate and expand its product offerings, the company can address emerging needs in the market and strengthen its position as a leader in IT asset management.