Why Annual Maintenance?
Annual Maintenance is included with GEO5 Annual Lease (software renting) and is an optional benefit for GEO5 Perpetual License (software purchase) to keep your software up to date.
Subscribe to Annual Maintenance and never worry about having to upgrade again. As compared to occasional upgrades, the annual maintenance subscription is more affordable and happens in real time. Check out the list of GEO5 editions and updates.
The Annual Maintenance is offered to purchased software (Perpetual License) and is included automatically to software with Annual Leases.
How does Annual Maintenance work?
Effective for a year since your last annual maintenance is purchased, the following is included:
- Licensing and installation support
- Engineering support
- Real-time updates
- New software edition commonly released in November
- Leniency for lost licensing key for US and Canada clients - perpetual license only (not applicable to lease license).
What happens if you discontinue your Annual Maintenance?
Your software edition with the Perpetual License will continue to work; however, software updates and new edition released after your maintenance expires will no longer be available.
Licensing and installation support is still provided, but engineering support is only provided at a consulting fee.
Lapsed maintenance can be reactivated by paying the annual maintenance fees that were missed, to a maximum of 80% of the new license price.
How much does Annual Maintenance cost?
One year of annual maintenance is approximately 15% of the perpetual license price. Annual maintenance is purchased as a separate item, in 12-month increments. This is more frugal as compared to version upgrade which is 20% of the license price per edition.
Here is how it works.
Annual Maintenance for a software worth $1,000, for two years:
$1,000 x 0.15 (15%) x 2 (years) = $300
Real-time updates, new versions, engineering support included
Upgrade for a software worth $1,000, lagging two editions behind:
$1,000 x 0.20 (20%) x 2 (editions) = $400
Is Annual Maintenance optional?
Yes, maintenance is optional for perpetual license.
Without maintenance, upgrading a perpetual license to the current release is done by paying the upgrade fees, 20% of the license price, per edition lagging, to a maximum of 80% of the license price.