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Cherwell Acquires Express Metrix

August 12, 2014

Colorado Springs, Colorado –Cherwell Software announced today the acquisition of an IT and software asset management company, Express Metrix. Based in Seattle, Washington, Express Metrix develops the award-winning Express Software Manager® product line, as well as the Apptria Technologies™ product line, which provides industry-leading software recognition functionality to original equipment manufacturer (OEM) partners such as IBM, BMC Software, and others.

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“Software license management and IT asset management are key pain points for our business technology customers and prospects,” said Vance Brown, CEO of Cherwell Software. “The addition of this strong, innovative technology from Express Metrix enables Cherwell to offer a more comprehensive service management solution with the power to manage our customers’ key corporate assets. We will enable our customers in IT to have insight into both CapEx and OpEx costs. They need the tools to determine where waste exists so they are not managing or licensing multiple versions of the same commodity software.”

“The technology fills out the Cherwell ITSM/ITAM product line in a very logical and cohesive way,” commented Arlen Feldman, CTO of Cherwell Software. “Our strengths in modular service management, extensible business technology platforms and applications, and IT asset management and software licensing management now comprise a strong and very future-oriented product technology portfolio.”

Express Metrix is focused on IT asset and software license management, specializing in computer inventory, software usage analysis, license reconciliation, and IT purchase tracking. These capabilities add significant value to Cherwell’s existing IT service management and business technology solutions, enabling customers to effectively track and manage their IT assets, optimize their license positions, and reduce software spending.   Express Software Manager is endorsed by the Business Software Association (BSA) as a certified software audit tool that plays a key role in ensuring license compliance, and it is endorsed by the Software and Information Industry Association (SIIA) as a best-of-breed software license management tool that helps organizations reduce the risk of software piracy.

“We’re very excited to be joining an innovative, fast-growing company,” said Kris Barker, CEO and co-founder of Express Metrix. “Cherwell's commitment to investing in and delivering world-class technology, along with its unwavering dedication to customer success, make this an ideal partnership for Express Metrix and its customers.”

“As a customer of both Express Metrix and Cherwell Software, I am thrilled to see these responsive, customer-centric organizations join forces to provide the tools IT needs to contribute to the bottom-line of the business,” said an IT Analyst at a prominent US-based energy company and multi-year Cherwell Software customer.

Express Metrix's global headquarters in Seattle will be maintained and expanded for planned rapid recruitment of technical and development expertise.

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About Cherwell Software
A global leader in IT service management and IT asset management, Cherwell empowers IT to lead through the use of powerful and intuitive technology that enables better, faster, and more affordable innovation. The Cherwell® Service Management platform is built from the ground up with a unique codeless architecture that enables rapid time to value, infinite flexibility, and frictionless upgrades every time—at a fraction of the cost and complexity of legacy solutions. Because of Cherwell’s focus on delivering solutions that are easy to configure, customize, and use, IT organizations extend Cherwell to solve a wide range of IT and business problems. With an unwavering commitment to putting customers first and being easy to do business with, Cherwell enjoys 98%+ customer satisfaction. Cherwell has a global network of expert partners serving customers in more than 40 countries. Corporate headquarters are in Colorado, USA, with global offices in the United Kingdom, Germany and Australia.

Media Contact
Christy Vojvodich, Cherwell Software
Phone: +1 (719) 822-4345
Email: media@cherwell.com

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