Ernst & Young (EY) Serbia, Bosnia and Herzegovina and Montenegro and Software Improvement Group (SIG) partner to guide organizations towards successful digital transformation - SIG

Ernst & Young (EY) Serbia, Bosnia and Herzegovina and Montenegro and Software Improvement Group (SIG) partner to guide organizations toward successful digital transformation


 New partnership provides EY clients of this region with SIG software assurance solutions to measure and monitor the health of business-critical applications

Belgrade – Amsterdam, January 21, 2020 Software Improvement Group (SIG) today announced its partnership with Ernst & Young (EY) Serbia, Bosnia and Herzegovina and Montenegro to help organizations improve the health of their business-critical software applications. Through this new partnership, EY clients in this region receive objective, fact-based measurements of the maintainability and security of their software landscape and architecture. These results, augmented with recommendations from SIG, the global leader in software assurance, are essential in facilitating each client’s digital transformation.

Branko Subotic, Senior Manager in Cybersecurity & IT Advisory Services of EY Serbia, Bosnia and Herzegovina and Montenegro: “The software measurements performed by SIG’s TÜViT certified laboratory help provide our customers with fundamental transparency into the code quality of their application portfolios. SIG, with its software assurance platform, Sigrid®, enables our customers to continuously control, improve and protect their software assets and ultimately track the progress of their digital transformation.”

Luc Brandts, CEO of SIG: “We are excited to formalize our cooperation with EY, located in Belgrade, Serbia. Our platform and services are complementary and synergetic. As software nowadays is the differentiating currency, the importance of code quality and security assurance is rapidly increasing. We share a strong focus and expertise in this area: SIG performs the objective, continuous source code measurements, monitoring the progress, where EY actively helps their clients to implement the recommendations. Together, we guide them step-by-step through their digital transformation or legacy modernization.” 

As part of the partnership, EY clients of this region gain access to Sigrid. The platform’s key features include identifying maintainability risks, security vulnerabilities and architectural hotspots. SIG developed Sigrid based on its 20 years of experience in measuring more than 25 billion lines of source code from thousands of applications written in hundreds of software languages. The SIG expertise in measuring and monitoring all aspects of software development enables its clients to implement software assurance according to the ISO/IEC 25010 standard.

About EY Serbia, Bosnia and Herzegovina and Montenegro

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via ey.com/privacy. For more information about our organization, please visit ey.com.



 About Software Improvement Group (SIG)

Software Improvement Group (SIG) helps business and technology leaders drive their organizational objectives by fundamentally improving the health and security of their software applications. SIG combines its proprietary tools and software analysis data with its consultants’ expertise to help organizations measure, evaluate and improve code quality – whether they’re building, buying or operating software.

SIG has the world’s largest software analysis database with more than 25 billion lines of code across more than 260 technologies. The expert consultants at SIG use this data to evaluate an organization’s IT assets on maintainability, scalability, reliability, complexity, security, privacy and other mission-critical factors. The SIG laboratory is the only one in the world accredited according to ISO/IEC 17025 for software quality analysis.

Founded in 2000, SIG is headquartered in Amsterdam with regional offices in New York, Copenhagen, Antwerp and Frankfurt.

 
10.06.2024
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SIG M&A Software Analysis Reveals Concerning Trends In Software Quality

NEW YORK, NY, USA, June 10, 2024

Software Improvement Group (SIG), the leading independent institute specializing in software health analysis, has significant concerns about the quality of software involved in mergers and acquisitions (M&A). Out of 531 M&A-related software projects analyzed, SIG found that the average software quality scores were significantly below the market average. This implies that companies face two times lower development efficiency and a considerably higher risk of defects and vulnerabilities.

Key findings

  • Quality Scores Below Market Average: The study revealed that software involved in these transactions often lags behind industry standards, presenting substantial risks for acquirers.
  • High Technical Debt: On average, technical debt constitutes 31% of the total code volume, indicating severe underlying issues in software maintainability and scalability.
  • Informed Investment Decisions: Companies that utilized SIG’s software economics methodology were able to make strategic investments to mitigate these technical debt challenges effectively.

SIG possesses unparalleled expertise and resources to assess the build quality, scalability, and security of software assets. With the world’s largest software metrics database, encompassing an impressive 200 billion lines of code and 18,000 system inspections spanning over 300 technologies, SIG provides comprehensive evaluations that stand as a testament to our unwavering dedication to creating a healthier digital world.

Luc Brands, CEO of Software Improvement Group: “At SIG, we believe private equity firms are not as in control as they could and should be. Through software economics, we ensure thorough code analysis, benchmarking, architecture investigation, and cost modeling. This approach guarantees clarity regarding the true scalability of acquired assets.”

To further facilitate this conversation, Software Improvement Group and Carnegie Mellon University (CMU) will be hosting a webinar titled “Software Economics for Private Equity: How to Evaluate the Quality and Value of Software Assets” on June 27th. The webinar will provide private equity companies with insights into the importance of software asset valuation. Private equity firms are invited to join the webinar to gain valuable knowledge and insights from industry experts.

In conclusion, software assets represent a significant opportunity for private equity firms to drive value creation. By embracing advanced software economics and leveraging SIG’s expertise, private equity firms can make informed decisions that maximize returns and mitigate risks in their software investments.

For more information about SIG and to register for the upcoming webinar, please visit Software Improvement Group’s webinar page.

For the full report, visit the benchmark report.

About SIG
Software Improvement Group (SIG) leads in traditional and AI software quality assurance, empowering businesses and governments worldwide to drive success with reliable and robust IT systems. Sigrid® – its software excellence platform – analyzes the world’s largest benchmark database of over 200 billion lines of code across more than 18,000 systems in 300+ technologies, and intelligently recommends the most crucial initiatives for organizations. SIG complies with multiple ISO/IEC standards, including ISO/IEC 27001 and 17025, and has co-developed ISO/IEC 5338, the new global standard for AI lifecycle management.
SIG was founded in 2000 and has offices in New York, Copenhagen, Brussels, and Frankfurt, and is headquartered in Amsterdam.

Sigrid®, together with expert consultants, and nearly 25 years of industry-leading research, position Software Improvement Group as the foremost authority on software excellence.

For more information, please visit Software Improvement Group’s website or social media channels.