Flexera has inked an agreement to acquire technology asset data company, BDNA, for an undisclosed sum.
According to the US-based software provider, the acquisition provides offers the “largest, most accurate and up to date” technology assets data platform as it fuels the software that solutions businesses rely on to make decisions more quickly and efficiently.
Furthermore, the purchase will also create a large technology asset data platform, transforming how software is bought, sold, managed and secured.
"Flexera and BDNA understand better than anyone else the key role technology asset intelligence plays in executive decision-support,” Flexera CEO Jim Ryan said.
"We’ve both built our businesses on a foundation of data. We both combine broad and rich technology asset data with best-in-class automation and analytics. We both solve the most complicated software and hardware management challenges organisations face.
"As a result of this acquisition, Flexera will have the largest repository of decision-support data available to any organisation running commercial and open source software, including applications powering IoT devices."
Ryan said that the coming together of both companies will result in a shared vision of how technology asset data can transform the software industry.
"Software applications are essential tools to help companies solve business problems," he explained. "But it's the data used by those applications that ultimately powers the software ecosystem. Flexera now has a database of security-specific data relating to software and devices.
"Even if an organisation has invested in a Software Asset Management (SAM), Open Source or Security application not developed by Flexera – our software and hardware asset data will dramatically increase the ROI that organisation will get from their investment."
BDNA president, Walker White, said that together, both vendors offer "unrivalled" expertise in terms of data teams on offer to the industry.
"We have a shared vision for reimagining the software supply chain today and expanding upon it in the future," White added.
"We have a shared understanding of the power technology asset data plays in that transformation. And most importantly, we have shared values and commitment to quality, customers, partners and employees essential for any market leader."