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OSAM - Objective Software Appraisal Model
Which value for intagible assets as software? |
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Intangible assets are becoming increasingly important in the modern economy, oriented toward innovation and technological competition.
On the same level as any investment, intangible assets have an economic value, protected by industrial property law, which is to say the laws governing patents, trademarks, design rights and copyrights.
Even so, the assessment of the value of an intangible asset is a complex subject that will take on increasing importance as demonstrated, for instance, in France by the Lévy-Jouyet report on “The immaterial economy, the source of tomorrow's growth”, or the bill presented at a cabinet meeting of the Council of Ministers February 7, 2007, by François Loos, Minister Delegate for Industry, which aims to transpose into French law the essential requirements of Directive 2004/48/EC of the European Parliament and of the Council of 29 April 2004 on the enforcement of intellectual property rights.
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OSAM - the appraisal model of ESALAB
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ESALAB, a software analysis laboratory, innovates constantly in the interest of its clients to deliver software analysis methods and tools enabling them to appraise, assess and protect their software investments.
The current OSAM appraisal model draws on ESALAB’s experience in software appraisal and analysis, especially in the framework of expert witness testimony.
It is based on an original tool designed by ESALAB, which enables the appraisal of an application and exacting and relevant counts through a semantic analysis of codes and their structure, thereby determining their reproduction cost.
OSAM is an appraisal model developed especially for software, designed by IT professionals and experts, addressing the specific needs of their creative process:
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What portion of an application can be considered free software and what is the impact on its value?
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Must we estimate how much it cost to develop the application, or how much it should have cost?
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Must we consider the human factors intervening in the value of an application, which is essentially an intellectual work?
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The value of an application is not fixed. Must we estimate its durability?
OSAM offers the guarantee of an objective, accurate, relevant and recognized appraisal.
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An innovative technology |
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The ESALAB model aims to evaluate the software portfolio held by a company by basing itself on a technical analysis of software and their structures.
Software applications are analyzed, inventoried and accounted for by an exclusive ESALAB IT language analysis tool. This scientific approach enables construction of the appraisal on the basis of objective, systematic and reproducible data. The software evaluated, although a constituent part of “immaterial” goods, acquires from these exhaustive appraisals a tangible quality that makes them like any other investment.
It is founded on recognized statistical and estimation methods combined with innovative, unmatched language and counting analysis processes designed by ESALAB in collaboration with university IT research laboratories.
The ESALAB software appraisal model offers an approach based on the cost of software reproduction.
In addition, ESALAB is able to estimate software according revenue-based approaches:
- value by reference to direct capitalization;
- Capitalized income value by reference to future returns - the "discounted cash-flow".
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