Software asset management tech saves hedge fund £2.3m

Man Investments is one of the world's largest independent alternative asset managers; a FTSE 250 firm manageing assets of over $ 55 billion (£34 billion).

With over 2,500 physical and virtual Windows and Linux servers, 2.500 physical and virtual laptops and over 1,500 different software applications from OracleOracle to the finance industry specific Linedata, Man Investments' IT team were inundated with audit requests. Alles zu Oracle auf CIO.de

It needed to automate the compliance process and take the opportunity to reduce IT costs; with greater visibility IT could renegotiate license renewals and ensure that they were not buying more than necessary.

Suffering from inaccurate data, the firm could not rationalise by recycling or reducing support costs. It had previously relied on spreadsheets and informal information provided by the IT department and compliance checks were ad hoc.

Mark Duffy, Software and Communications Manager at Man Investments said: "We identified a considerable non-compliance risk and it was time consuming to prove our licensing position because information was not held in a single location. There was a danger of over purchasing to compensate for poor data and we obviously want to avoid any wastage".