WALTHAM, Mass.--(BUSINESS WIRE)--ModusLink Corporation, a wholly owned subsidiary of ModusLink Global Solutions Inc. (NASDAQ: MLNK) and a leading global provider of digital and physical supply chain solutions, today announced that Gartner, Inc. included ModusLink in its Competitive Landscape: License and Entitlement Management for 'Things' in IoT report. Gartner, a leading provider of research and analysis in the global information technology industry, has listed ModusLink as a Competitive Profile.
Gartner predicts that, “by 2020, the Internet of Things (IoT) will connect more than 30 billion connected devices, which will result in a 20 percent increase in potential revenue generated from manufacturers running software on smart "things" in IoT.” To stay competitive and maximize on the opportunity for increased revenue, manufacturers must identify ways to embed software into their hardware offerings, adopting license and entitlement management systems to fully monetize the IoT. ModusLink’s Poetic™ system has emerged as a solution capable of rapidly addressing manufacturers’ entitlement management needs.
ModusLink’s Poetic modular platform is available both in the cloud or on-premises. It provides software publishers, channel providers and end users a single, centralized portal for the control, use and monetization of software and services, as well as IoT system visibility and monitoring. Supporting the complete entitlement management life cycle, the Poetic platform collects service and usage data to identify upgrades, as well as subscription and renewal opportunities for perpetual, term, trial, maintenance and support licenses and entitlements. Built to connect with existing infrastructure and integrate with critical systems, including ERP, CRM, inventory management and fulfillment, the Poetic system plays an integral role in expediting licensing roll-outs.
“We believe our inclusion in Gartner’s report, combined with Gartner’s outlook on rapid digitization in the market, validates our growing commitment to delivering end-to-end digital supply chain capabilities,” said Hans Veenendaal, Chief Commercial Officer, ModusLink. “As manufacturers quickly seek opportunities to monetize the Internet of Things, the focus shifts from the device itself to the software controlling it. Our Poetic platform empowers customers to rapidly leverage an out-of-the-box solution that provides visibility into, and control over, licensing programs and related Internet of Things data.”
In the coming weeks, ModusLink will debut a series of service enhancements and expansions across its eBusiness group as the company develops a comprehensive digital supply chain offering to complement its expertise in the physical supply chain. To learn more about ModusLink, please visit www.moduslink.com.
Source: Gartner, “Competitive Landscape: License and Entitlement Management for ‘Things’ in IoT,” Laurie F. Wurster, JP Corriveau, 19 September 2017.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About ModusLink Global Solutions
ModusLink Global Solutions, Inc. (NASDAQ: MLNK) is a leading global provider of digital and physical supply chain solutions. The Company helps its clients drive growth, lower costs and improve profitability, while simultaneously enhancing the customer experience. With operations supported by 21 sites across North America, Europe, and the Asia-Pacific region, ModusLink partners with the world’s leading brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail and luxury, connected devices, and wearables among others. Our solutions and services are designed to help global brands and companies expand their share, across geographies and channels, while continuously improving their end-to-end supply chains. For further details on ModusLink’s solutions visit www.moduslink.com, read the Company’s blog for supply chain professionals, and follow us on LinkedIn, Twitter, Facebook and YouTube.
This release contains forward-looking statements, which address a variety of subjects including, for example statements regarding supply chain solutions. All statements other than statements of historical fact are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink's success, including its ability to reach its revenue, sales and profitability goals depends on its ability to execute on its business strategy as well as the continued and increased demand for and market acceptance of its services; global economic conditions, especially in the technology sector are uncertain and subject to volatility; demand for ModusLink’s clients' products may decline or may not achieve the levels anticipated by ModusLink’s clients; and increased competition and technological changes in the markets in which ModusLink competes. For a detailed discussion of cautionary statements that may affect ModusLink's future results of operations and financial results, please refer to ModusLink's filings with the Securities and Exchange Commission, including ModusLink's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by the company.
ModusLink, the ModusLink logo, Poetic, and ModusLink Global Solutions are trademarks of ModusLink Corporation. All other company names and product names may be trademarks of their respective owners.
