As an R&D leader in software development for a high-tech software company, I’ve been developing innovative new products and improving existing ones for many years and have played a major role in our company becoming a market leader.
Our clients invest significant sums to gain access to our unique IP, and they use it to change the world by designing products that couldn’t be built without our technology. Software piracy undermines everything we do by sharing illegal copies of our software or selling it for pennies on the dollar on the dark web. Hacking groups are stealing millions of dollars in revenue that would be funding product development, the lifeblood that keeps us ahead of the competition. If our license and security protocols are not able to combat the piracy epidemic, both our company and our customers will be dealing with lost jobs and lost opportunities.
I feel victimized by software piracy and pressured by my company to find a way to prevent it. Our customers are losing significant revenue to competitors who don’t pay for their software and are undercutting them in the market. In addition, they are unhappy that requested features they need to be productive and competitive are not being implemented. Funding for R&D projects is limited, and I can’t continue to move forward with all our projects. Our company may be unable to grow the department and we could be losing out on bright new minds coming out of engineering school if we cannot address this challenge.
The key to application security is to create a system that includes an in-depth defense strategy. The leading global software companies are using a layered approach to protecting software IP and we can learn from the most advanced license compliance programs in the world. Management must support the implementation of an effective security and license compliance program that will help us understand how deep the piracy problem is and what can be done in the future to minimize piracy. We need to discover how we can recover revenue from IP that has already been stolen so that we can continue to develop the innovative technologies our customers are demanding. I need to work to integrate into our products the most advanced tamper-detection technology, and we need effective countermeasures so that piracy can be stopped quickly and effectively.
In this e-book the world’s leading license compliance managers, intellectual property experts, and commercial litigation attorneys share their best practices for protecting your software company from piracy and under compliance.
“SmartFlow developers are focused on the holistic aspects of a compliance program, not just on recovering as much revenue as possible. We need to be very careful of our customer relationships and SmartFlow provides the detailed information needed to make accurate decisions about who to go after and how aggressive to be.”