Business Strategy for Software Executives
September 24, 2007
Ten Steps to Tech Transfer
Software companies can rapidly monetize their IP and broaden their market by licensing or selling their technology to larger tech companies. Here’s how.
By Mark Gaeto, The Alesco Group
In a sea of innovation and technology proliferation, monetizing a software vendor’s intellectual property can be a challenge for small and mid-size software companies. Investments in sales and marketing can be substantial – not to mention, the continued need to raise capital to meet growth targets and investor needs
“Technology transfer” is a proven growth strategy that has been used by software companies for many years to rapidly monetize their IP by leveraging the channels, brand and market position of larger firms. The potential? A considerable increase in sales, profits and share of market. Here’s what software companies need to know about tech transfer in order to do it successfully.
Automate Your License Operations
Software vendors have a difficult time tracking which customers have which licenses. Geoff Surkamer of License Technologies Group explains that an effective licensing management system can improve customer satisfaction and more easily drive revenue into the business. Read how in this week’s post to the SandHill.com Blog on operational best practices.
The Decision to Buy
Software salespeople are taught to understand and impact their customers’ purchase processes. But what happens when there is no official “process”? Jeff Thull of Prime Resource Group says this is a common problem in enterprises today. Read how sales reps can help foster an effective “decision process” in this week’s post to the SandHill.com Blog on sales best practices.
Publish Your Perspective!
The SandHill.com Blog wants your opinions. Send your thoughts on the enterprise software industry to firstname.lastname@example.org and we’ll publish them in our blog.
Spurring Value Creation in IT Services
The founder and chairman of Satyam details the philosophy that has underpinned the company’s rapid ascent through the ranks of the world’s top IT services providers. Learn more about his model and strategies in this article from The McKinsey Quarterly.
News Update: Dreams & Nightmares
SAP steals Salesforce.com’s conference thunder with the launch of BBD; plus, Oracle gains big in Q3, TCS goes big in China and Microsoft loses big in Europe. Read these stories and more software news of the week in the latest SandHill.com Software News Summary.
Poll: Best Growth Strategy?
What is the best growth strategy for small and mid-sized software vendors today?
Last week, readers gave their opinions as to which vendor would be the most likely to go private. What do you think?
More at SandHill.com:
SAP: Big businesses won’t be interested in on-demand ERP.
Content management system vendor, Aptara, receives $23 million.
Ariba buys Procuri for $101 million.
Tim Curran was named CEO of Vela Systems.
Send us your feedback on this newsletter and the SandHill.com site.
“Entrepreneurship is the last refuge of the trouble making individual”
Courtesy of Malcolm Kusher, The Kushner Group
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