Business Challenge: Thomson Reuters needed to provide their customers with transparent
updates of their desktop financial tools software, which is used 24 hours-a-day, 7 days-a-week by thousands of financial professionals. In some cases, they wanted to allow large customers to control when updates are rolled out to their users. In other instances, they needed to deliver updates directly to the users.
1. Transparency and Scalability -
Key Requirements When Distributing
Software Updates
Since its founding in 1851, Thomson
Reuters has grown to become the world’s
leading source of intelligent information for
the financial community. With thousands
upon thousands of users worldwide, the
need to keep customers’ desktop financial
software running smoothly with the most
up-to-date software version is critical to
keeping customer satisfaction levels high.
Thomson Reuters Eikon software
application for the desktop, released
last year, provides real-time financial
information from markets all over the
world. In preparation of the Thomson
Reuters Eikon launch, Andrei Borsaru and
Katherine O’Leary from Thomson Reuters
were tasked with defining the update
process for their new product. One of
Thomson Reuters’ key criteria (as well as a
key customer requirement) was to ensure
that the software update process was as
transparent and least intrusive to the end-
user desktop as possible.
“We needed to transparently provide our
customers with critical software updates
in the least intrusive way possible,”
said Andrei Borsaru, responsible for
Thomson Reuters Eikon Deployment and
Installation at Thomson Reuters. He adds,
“The software update process needed to
be easy to deploy and install as well as
comply with our large customers’ need to
control the roll-out of the updates to their
user community.”
Over the next few years, Thomson Reuters
hopes to migrate all of its current users to
the Thomson Reuters Eikon solution, which
means that Thomson Reuters Eikon would
be running on around 300,000 terminals.
Therefore, it is critical that they keep their
customers on the most current version of
the software to keep maintenance and
support costs in check.
The Buy-Versus-Build Decision
When first undertaking this initiative,
they were tasked with determining if they
wanted to continue to use an in-house
developed software update solution
or purchase a commercially available
software update solution.
Thomson Reuters determined very early
on that they would only build a software
update solution as a last resort. They
wanted to benefit from the expertise and
experience of a commercially available
software update solution. They needed
a solution that they could seamlessly
integrate into their software application
so that they could focus on their core
competencies rather than building their
own software update solution.
Searching for a Best-In-Class Software
Updating Solution
Early on in their search, Thomson
Reuters came across FlexNet Connect,
the software update solution from
Flexera Software. As a long-term user
of InstallShield, the gold standard for
building Windows®
installations and used
by virtually every major software company
in the world, they had reassurance
knowing that FlexNet Connect and
InstallShield were from the same world-
class organization.
Borsaru explains, “We worked closely
with the InstallShield product in the past
and had a very positive experience
with Flexera Software, their technology
Case Study:
Thomson Reuters Eikon
“Flexera Software’s FlexNet Connect solution
enabled us to release our Thomson Reuters
Eikon product with best-in-class software update
capabilities that gives our customers peace of mind
that their real-time financial desktop software will be
up-to-date and operational 24/7.”
Andrei Borsaru
Thomson Reuters
Customer Profile: Thomson Reuters is the world’s leading source of intelligent
information for businesses and professionals, offering the ultimate set of financial
tools for a new generation of financial professionals. Their newest product,
Thomson Reuters Eikon, will redefine how financial professionals work by placing
the most comprehensive market information, news, analytics and trading tools
available into a desktop as simple to use and as collaborative as the Internet.
Challenge:Thomson Reuters needed to provide their customers with transparent
updates of their desktop financial tools software, which is used 24 hours-a-day, 7
days-a-week by thousands of financial professionals. In some cases, they wanted to
allow large customers to control when updates are rolled out to their users. In other
instances, they needed to deliver updates directly to the users.
Solution:Thomson Reuters implemented FlexNet Connect, a component of
the FlexNet Producer Suite for Software Vendors from Flexera Software.
Thomson Reuters uses the FlexNet Connect solution to electronically deliver
updates to customers.
Benefits:FlexNet Connect, the software updating solution from Flexera Software,
enables Thomson Reuters to lower maintenance and support costs by providing
critical software updates to users of their Thomson Reuters Eikon financial software.