La Jolla, CA (PRWEB) August 30, 2008
Iron Mountain has selected CONSOR's White Paper on valuing intangible software assets to provide information on industry trends, expert commentary, recommendations and practical guidance for corporations managing valuable software assets.
The intangible assets owned by a software development enterprise may include, but are not limited to: staff technical knowledge, sales force competence, corporate intelligence, trademarks, copyrights, patents and trade secrets, internet assets, domain names, software inventory, license agreements, and goodwill.
While the question of value may not have been previously addressed, or even thought of, knowing the value of your intangible assets can help you better manage and effectively leverage your software portfolio. Moreover, the commonplace of mergers and acquisitions means that business enterprises must estimate the value of existing software assets for financial and tax reasons, such as FASB 141, FASB 142 and FASB157.
CONSOR provides software identification services to assist companies in assessing the value of their intangible assets. This service looks at the sum total (or bundle) of the various software components, plus other intangible assets, that make software a viable commercial product. CONSOR built this software analysis and valuation service around FASB 86 and integrated this into its core competency. The development of FASB 86 was the first study to recognize and quantify software as a financial asset and was first outlined by the work leading to FASB 86 in 1985.
For more information on this White Paper, click on the Iron Mountain website link below:
For more information on CONSOR Intellectual Asset Management, click on the CONSOR website link below: