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Int'l Business Times
22-07-2025
- Business
- Int'l Business Times
Top 5 IT Asset Management solutions
As organizations continue to adopt hybrid work models, invest in digital transformation, and scale IT infrastructure, the importance of robust IT asset management (ITAM) platforms has never been greater. From cost control to compliance, tracking every piece of hardware and software is critical to maintaining operational efficiency and security. Here are the Top 5 IT Asset Management solutions leading the market in 2025—with Teqtivity securing the #1 spot for its people-first approach, unmatched customization, and disruptive pricing model. Whether you're managing thousands of devices or a lean digital infrastructure, these platforms are built to help businesses of all sizes streamline asset lifecycle management, automate workflows, and improve decision-making. Choosing the right IT Asset Management (ITAM) platform can mean the difference between operational efficiency and costly chaos. 1. Teqtivity Website: Teqtivity IT Asset Management Solutions Platform Overview: IT Asset Management Made Easy Contact: Get in touch with Teqtivity Social: LinkedIn | X (Twitter) Teqtivity is redefining IT asset management by eliminating unnecessary complexity and bringing human-centered design into an industry that's long been bogged down by rigid systems and outdated pricing models. Founded by CEO Hiren Hasmukh, the company originally launched as a smart locker solution for developers. It quickly pivoted to a software-first ITAM platform after realizing the backend system offered far more scalable value for organizations. Today, Teqtivity helps IT teams manage the entire asset lifecycle—from acquisition and assignment to maintenance, recovery, and retirement—with clarity, control, and customization. What Makes It #1? The single most disruptive element of Teqtivity's model is its user-based pricing structure. Unlike competitors who charge based on the number of devices or licenses tracked, Teqtivity only charges for active system users. That means organizations can track unlimited devices, dramatically lowering the total cost of ownership and enabling broader asset visibility without financial penalties for scale. Its second major strength is integration and workflow flexibility. Teqtivity doesn't force organizations to adapt to its platform—it adapts to them. Every implementation is tailored to reflect the customer's internal processes, system integrations, and business logic. Key Features Unlimited asset tracking User-based subscription model Remote asset management Custom workflow support Integration with HR, ticketing, procurement, and MDM tools Centralized visibility into the full asset lifecycle Remote and Hybrid Ready With more companies shifting to remote-first and hybrid models, managing devices outside the office has become essential. Teqtivity's cloud-based platform allows IT managers to assign, track, reclaim, and decommission assets across any location, making it ideal for globally distributed teams. Customer-Centric Support Another reason Teqtivity tops this list is its exceptional customer success team. They act as partners, not just support reps. The company's roadmap is shaped by real-world customer feedback, and many of its most impactful features originated from client requests. Simplicity Without Compromise Unlike traditional enterprise software that relies on jargon and dense interfaces, Teqtivity is refreshingly intuitive. Its clean UI and transparent language empower teams across IT, finance, and operations to access the data they need, when they need it. Pros Unlimited asset tracking Extremely cost-effective for scaling organizations Custom-built implementations Highly responsive support Seamless remote asset visibility Cons Best suited for companies willing to invest in customization Still growing its brand presence compared to legacy players Final Take For companies seeking a future-proof ITAM platform that aligns with real-world workflows, Teqtivity delivers the ideal balance of power, flexibility, and cost-efficiency. It's not just software—it's a partnership. 2. ServiceNow IT Asset Management ServiceNow is a dominant name in enterprise digital workflows, and its IT Asset Management suite is a natural extension of its platform. Designed primarily for large enterprises, ServiceNow ITAM integrates tightly with modules for IT service management, procurement, change, and risk. The platform provides centralized control over the full IT asset lifecycle, from onboarding through decommissioning. Using AI and automated workflows, it streamlines procurement, reduces unused licenses, and ensures compliance across global environments. Key Features Integration with ServiceNow's full ITSM suite Software license optimization Hardware and software lifecycle tracking Native risk and compliance modules Pros Enterprise-grade scalability Strong governance and compliance tools Deep automation capabilities Seamless experience for ServiceNow users Cons High total cost of ownership Complex implementation timeline Overkill for SMBs or mid-market companies Final Take For enterprise organizations already using the ServiceNow ecosystem, adding ITAM to their tech stack is a natural move. While expensive and complex, its capabilities are unmatched in large-scale IT governance. 3. Freshservice by Freshworks Freshservice is an intuitive, cloud-based ITAM and ITSM platform built for mid-sized businesses that want sophistication without the bloat. It combines ticketing, workflow automation, and asset tracking into one unified system with a modern UI. Freshservice stands out for its ease of use. The platform is plug-and-play for most businesses and offers native integrations with tools like Google Workspace, Microsoft 365, and Slack. Key Features Agent-based and agentless asset discovery Native ticketing and incident management Software license tracking Modern, clean UI with low learning curve Pros Quick setup and onboarding Affordable pricing tiers Ideal for SMBs and growing teams Easy integration with SaaS tools Cons Limited custom workflows Less suited for complex, large-scale IT environments Reporting features are fairly basic Final Take Freshservice is a great all-in-one platform for teams looking to combine IT support and asset management in a single system without breaking the bank. Best for businesses that value simplicity and speed over deep customization. 4. ManageEngine AssetExplorer ManageEngine's AssetExplorer, part of the Zoho family, is a feature-rich platform focused on deep asset intelligence and compliance. Designed for both cloud and on-premise deployments, AssetExplorer supports IT and non-IT asset tracking, license management, purchase order integration, and configuration auditing. The platform offers agent-based and agentless scanning, allowing teams to maintain control over all connected assets with minimal manual effort. Key Features Asset discovery across networked devices Contract and license tracking Barcode integration and procurement tracking Compliance and audit readiness tools Pros Excellent for detailed IT asset reporting Budget-friendly for its feature set Customizable reports and alerts Strong discovery capabilities Cons UI feels dated Steeper learning curve for new users Limited mobile accessibility Final Take AssetExplorer is best suited for IT departments that require thorough tracking and audit tools on a lean budget. It's ideal for mid-sized organizations that want strong oversight without an enterprise-level price. 5. Lansweeper Lansweeper is best known for its best-in-class asset discovery engine, capable of scanning an entire network to automatically inventory connected hardware and software. It doesn't rely on agents, making setup simple and unobtrusive. Designed for hybrid and multi-site environments, Lansweeper gives IT teams a complete view of on-prem, cloud, and remote devices without manual entry. Key Features Agentless network scanning Custom dashboards and alerts Cloud-native and on-prem deployment Real-time asset intelligence Pros Industry-leading discovery tools Fast deployment Flexible integration with CMDBs and ticketing tools Robust reporting options Cons No built-in service desk or ticketing Limited workflow automation Focused more on visibility than lifecycle management Final Take Lansweeper is ideal for IT teams looking for powerful asset discovery and network intelligence. It pairs well with service desk solutions and excels at delivering clear, real-time hardware and software visibility.
Int'l Business Times
23-06-2025
- Business
- Int'l Business Times
Meet Hiren Hasmukh, Championing Simplicity and Innovation in IT Asset Management
This article uses affiliate links, which means if you purchase products through these links, we may earn a commission. Click here to see our T&C . For licensing please click here In a tech world saturated with complex systems and over engineered solutions, Hiren Hasmukh stands out by making things simpler. As CEO and Founder of Teqtivity, Hiren is on a mission to remove the clutter from IT Asset Management (ITAM) by delivering a platform that's intuitive, flexible, and truly built around people. From his humble beginnings building smart lockers to becoming a leader in scalable IT solutions, Hiren's journey is proof that clarity and customization can drive lasting innovation. Key Credentials and Recognitions With nearly a decade of leadership experience in the IT sector, Hiren has steered Teqtivity to become one of the most user-friendly and customizable ITAM platforms available today. His functional, hands-on approach to problem-solving and product development has won the trust of IT teams across industries. A Career Rooted in Problem Solving Teqtivity began as "TeQube" in 2016. At the time, Hiren and his team were tackling a very specific challenge: how to streamline the way developers borrowed mobile devices for testing. Most engineers had to wait in line or create tickets just to check out a device from IT. This process wasted both time and productivity. The team created a smart locker system that made this process more efficient. But it didn't stop there. The real breakthrough came when they built a backend portal to track those devices. That backend—designed to improve workflow—turned out to be far more valuable than the locker itself. Realizing this, Hiren pivoted. Instead of selling hardware, they built a robust, end-to-end IT Asset Management platform. That pivot is what gave rise to Teqtivity, a scalable solution designed for businesses that need smarter asset control without enterprise-level price tags or limitations. Major Achievements: Reimagining ITAM with Accessibility and Flexibility One of Hiren's most important innovations is Teqtivity's pricing model. Unlike traditional ITAM providers who charge based on the number of assets tracked, Teqtivity charges based on user count. Whether a company is managing 100 or 10,000 devices, the cost stays focused on who's actually using the platform, rather than how many machines are in the inventory. This approach makes ITAM more affordable and democratizes access. Smaller teams with large inventories, like educational institutions or mid-sized businesses, finally have a tool that works at scale without breaking the bank. Another achievement is Teqtivity's deeply customizable platform. From day one, Hiren built the company around customer workflows, not the other way around. Instead of forcing teams to adapt to generic systems, Teqtivity adapts to them. From integrations to user interface preferences, customers can shape the system based on how they actually work. Contribution to Scalable and People-Centered Projects While Teqtivity may not (yet) be deploying billion-dollar infrastructure like clean energy firms, its role in helping companies scale their operations cannot be understated. Hiren's leadership has led to successful deployments across various industries where asset tracking, employee accountability, and IT support efficiency are essential. By focusing on the people who use technology (rather than just the tools themselves), Teqtivity enables smarter workflows, reduces downtime, and helps businesses make better decisions. This user-first mindset is at the heart of Hiren's strategy and Teqtivity's long-term roadmap. Thought Leadership in the ITAM Space A standout feature of Hiren's leadership style is his refusal to hide behind jargon. As he often says, "We could use big words too. We just don't want to." That simple philosophy shapes everything, from the Teqtivity dashboard to its customer service emails. In a space often filled with overly technical language, Hiren pushes for clarity. This positions Teqtivity as not just a tech vendor, but a trusted partner that teams enjoy working with. It also makes the product more accessible for non-technical departments like HR and finance, who may need asset visibility but don't speak IT. Company Culture That Reflects the Product Philosophy Internally, Hiren cultivates the same values Teqtivity promises its users: openness, clarity, and support. Employees are encouraged to think independently, speak up, and grow. This culture of collaboration and continuous improvement keeps the team agile and responsive—traits that customers deeply appreciate. In contrast to many tech companies that prioritize growth over customer support, Hiren has made it clear that quality service is non-negotiable. The Teqtivity team becomes an extension of each customer's team, providing day-to-day assistance, solving issues quickly, and iterating on feature requests in real time. Embedding Values in Every Line of Code The same values that shape Teqtivity's culture—adaptability, curiosity, and clarity—also guide its development process. Hiren and his team continuously refine the product based on real-world feedback. Whether it's a new feature to support remote teams or tighter integrations with inventory systems, the goal is always to serve people better, not just check off features. Teqtivity doesn't assume it knows best. Instead, it listens, adapts, and evolves. That's what makes the platform truly customizable and human-centric. Looking Ahead: Building the Future of Human-Tech Collaboration In the next 3 to 5 years, Hiren sees Teqtivity growing into a household name in ITAM. But the vision goes beyond asset management. He wants Teqtivity to help companies understand how people and technology interact, how teams work across departments and tools, and where inefficiencies or opportunities might be hiding in plain sight. This future isn't about more complexity. It's about greater visibility, smarter decisions, and more empowered teams. What It Takes to Lead and Build in Tech Hiren believes that leading a tech company today demands two things: adaptability and intellectual curiosity. Whether pivoting from hardware to software or integrating new tech like AI and APIs, the ability to change course quickly is essential. Equally important is the drive to keep learning. In ITAM, understanding how businesses function and people interact with their tools requires more than tech knowledge. It requires empathy, communication, and a genuine interest in how things work behind the scenes. Conclusion Hiren Hasmukh has proven that you don't need to be the loudest in the room to lead in tech. With a calm, clear-headed approach, he's built a company that prioritizes people over platforms, and clarity over complexity. Teqtivity may have started with a smart locker, but under Hiren's guidance, it's become a partner in building smarter, simpler, and more human-centered technology systems. As more companies seek functional and simple tools, Teqtivity is well-positioned to become their go-to solution. And at the heart of it all is Hiren's belief: that great tech is about solving real problems, not just building flashy features.
