Case Study: Seequent achieves scalable software licensing and $1.05B acquisition with 10Duke

Seequent scales software licensing on the way to a $1.05 billion acquisition with 10Duke

Seequent, a global provider of subsurface geoscience and modelling software, faced challenges with scaling its legacy software licensing. They needed a solution to simplify license management, reduce manual processes, and offer flexible models like pay-per-use. To improve customer experience and security, they also sought to implement Single Sign-On (SSO) and Multi-Factor Authentication (MFA) across their product suite. They turned to vendor 10Duke for a new licensing solution.

Seequent implemented 10Duke's identity-based licensing, which provided self-service account management, unified secure access, and automated flexible license provisioning. This solution gave Seequent real-time usage insights and the ability to create new commercial models. 10Duke played a pivotal role in Seequent's accelerated revenue growth, which culminated in a $1.05 billion acquisition by Bentley Systems. The vendor's system was also credited with helping to drive 15-30% more revenue through better product access control.

Seequent