License manager

What is license manager?
A license manager is a tool that enables effective software management between end users and software vendors, and allows greater user control over program implementation or deployment, including free trials, subscriptions, updates, and activations. In addition, a software asset management program can include a built-in license manager. A license manager is also known as a software license manager.

A major problem among software vendors and end-user organizations is piracy, which is the result of a lack of control over authorized software users and the distribution of non-original programs. A license manager greatly reduces such cases by properly assigning supervision to software vendors and other authorized personnel. License managers are based on a variety of models including floating licensing, product activation, trials, and subscriptions. Examples of license managers are Open IT, Software Protector, and IBM LUM.

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Further explanations for the first letter L