A recent study by the Business Software Alliance estimated that 43 percent of software installed today is not properly licensed, which equates to more than $63 billion in lost revenue.

SmartFlow Compliance Solutions is launching an innovative solution designed to help companies combat intellectual property theft and establish effective in-house compliance programs.

"Software piracy is becoming a rampant global epidemic with significant impacts on businesses and the economy," says Ted Miracco, CEO of SmartFlow. "We've developed a turnkey solution that allows businesses to start seeing ROI immediately. Armed with SmartFlow, our clients proactively take charge of the situation by tracking down pirated versions of their software and compiling the data to take necessary action against IP theft. We streamline the compliance enforcement process, so it’s simple and effective for companies to recover this valuable source of revenue, while protecting their paying customers from unfair competition".

SmartFlow is built in at the development stage and works a bit like an 'Easter egg' in an application, allowing the developer to determine where it's being used and whether it's properly licensed.

SmartFlow's data collection capabilities can be fine-tuned to comply with specific information regulations across the globe. This makes for comprehensive data reporting, so developers can build a stronger case against blatant IP thieves as well as alerting companies that may be unintentionally non-compliant.

Available now, the SmartFlow product suite includes a SmartFlow Software Development Kit (SDK), which monitors applications to ensure they are being used in compliance with licensing terms, and SmartFlow Professional or SmartFlow Enterprise programs, which provide everything a company needs to establish an in-house compliance program.

For more information and pricing you can visit the SmartFlow website.

Image Credit: Feng Yu / Shutterstock