Ramping Up a Profitable New Compliance Program in Months
Technology Category
- Cybersecurity & Privacy - Identity & Authentication Management
- Cybersecurity & Privacy - Security Compliance
Applicable Industries
- Cement
- Electronics
Applicable Functions
- Product Research & Development
- Quality Assurance
Use Cases
- Leasing Finance Automation
The Customer
Not disclosed
About The Customer
The customer is an engineering design software provider with customers throughout North America and Europe. Engineers use the company’s software to design some of the world’s most advanced and connected electronic products and systems—and to manage their projects more efficiently than ever. One of its field’s market leaders, it serves customers throughout the Americas and Europe, as well as a growing number of engineering firms throughout the Asia Pacific region and beyond. The company had never systematically instrumented its products to identify piracy, and wasn’t at all confident that it understood the magnitude of its problem.
The Challenge
The challenge faced by the engineering design software provider was to build a new compliance program from scratch, start earning revenue quickly, and expand to multiple geographical markets. The company had never systematically instrumented its products to identify piracy, and wasn’t at all confident that it understood the magnitude of its problem. Like many software companies, it had relied primarily on anecdotes, speculation, and tips from disgruntled employees, but it had no reliable data to set priorities for enforcement, or to pursue specific infringers. The company needed a solution that could provide reliable data and help them pursue leads in different markets.
The Solution
The company decided to partner with Revenera on a pilot compliance program. During 2017, it instrumented the latest version of one major product. Within weeks, Revenera had moved through the technical milestones required to accurately identify piracy, and the company could begin identifying and pursuing leads. As trustworthy data rolled in, the company began tasking Revenera with pursuing leads in eastern and southern European markets. In these geographies, it had no previous compliance resources, and expected that leads might be challenging to pursue. As Revenera quickly demonstrated success in these markets, the company expanded the program throughout Europe and the Americas. The company now has comprehensive and reliable information to prioritize and strategize enforcement. On a day-to-day basis, Revenera collaborates closely with it to start pursuing leads, build proposals, respond to communications from infringers, and close deals.
Operational Impact
Quantitative Benefit
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