Device42 is a leading provider of IT asset management and Configuration Management Database (CMDB) solutions, serving enterprises across various industries. The company operates in the IT infrastructure management market, offering tools that automatically discover and map IT assets, detect inefficiencies, and provide real-time actionable insights. Device42's core product is its CMDB, which integrates with numerous other systems to provide a continuously updated view of assets across hybrid IT environments. This visibility helps organizations adhere to compliance controls and streamline audit processes. The business model is subscription-based, with customers paying for licenses that grant access to the software and its updates. Device42 generates revenue through these subscription fees, offering a 30-day provisional license followed by a full subscription upon payment. The company serves large service providers and enterprises that require meticulous IT asset management to improve incident management, reduce Mean Time to Resolution (MTTR), and support modernization efforts.

Keywords: IT asset management, CMDB, hybrid infrastructure, real-time insights, application dependency mapping, compliance, audit readiness, subscription model, incident management, modernization.