All press releases
Flexera enters into definitive agreement to acquire Snow Software, broadening its portfolio for technology value optimization
Worldwide IT spending could reach $5.1 trillion in 2024, according to Gartner. It is estimated that up to 32% of this spend is wasted. Together, Flexera and Snow will provide deeper visibility and greater insights into the assets, technologies, terms of licensing and usage that comprise this spend and associated risks. Flexera and Snow will offer an expanded global footprint, a powerful strategic partner network and expanded IT Asset Management (ITAM), SaaS Management and FinOps capabilities.
The expanded Flexera Certification program empowers customers to showcase their expertise using Flexera solutions, promoting industry recognition and adherence to best practices in platform operations. For hiring managers, these certifications are a reliable way to identify and recruit qualified resources quickly, streamlining the hiring process for specialized ITAM and FinOps roles.
“We have received this honor from our Chicago-area employees for twelve consecutive years, and it is something I don’t take for granted.” said Jim Ryan, President and CEO of Flexera. “We continue to focus on listening to our employees and providing a culture in which they can thrive.”
The Council operates the world’s largest community for public and private sector CxO executives and practitioners, helping them increase the value derived from IT projects across cloud, emerging technologies, portfolio investments, and resources across their organizations. Flexera provides discovery, normalization and correlation of IT data that helps enterprises understand and use their Enterprise Technology Blueprint™ to manage cost, risk and future investment for on-premises, cloud and SaaS solutions.
“According to Flexera 2023 Tech Spend Pulse research, Salesforce represents one of the largest vendors in terms of spend for organizations globally,” said Cyndi Tackett, SVP of Marketing at Flexera. “There is a massive opportunity for these organizations to gain visibility into their Salesforce instances and uncover optimization opportunities that lead to realized savings.”
As digital transformation accelerates, enterprises navigate inflation, workplace norms change, and the demand for innovation grows. Many IT professionals are returning to offices; the associated vendor costs and hefty cloud commitments are rising, as is the challenge of optimizing spend. Though wasteful IT spending is subsiding, cost optimization decision-making remains laborious. A thorough understanding of IT assets is vital; top organizations leverage data for decisions, prioritize spend efficiency and harness the power of artificial intelligence.
Flexera 2023 State of IT Asset Management (ITAM) Report Highlights Cost Savings as Top Enterprise Priority
“Flexera’s research highlights a greater focus on corporate efficiencies,” said Cyndi Tackett, SVP of Marketing at Flexera. “Around the globe, ITAM professionals find themselves at the nexus of key enterprise initiatives, including cost savings, FinOps, security, and even ESG programs, such as those that track carbon emissions. This puts more pressure on ITAM teams to stay nimble, flexible, and manage a single source of truth for IT data and insights.”
Great Place to Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation.
The prestigious award is based entirely on what current employees say about their experience working at Flexera. This year, an astounding 95 percent of employees said it’s a great place to work – 38 points higher than for the average US company.
Flexera One FinOps provides an integrated view of the technology ecosystem. It helps cloud teams collaborate with partners and stakeholders across the organization, such as ITAM and software license management (SLM), IT (operations and engineering), finance, engineering, architecture and security teams.
Flexera’s flagship platform, Flexera One, is the first of its kind: a platform that delivers the power to mitigate risk, reduce costs, and maximize every technology investment. It offers technology value optimization (TVO) through IT visibility, IT asset management (ITAM), cloud cost optimization (CCO), and cloud migration and modernization. Flexera One enables enterprises to take control of their cloud journey with:
Flexera’s flagship platform, Flexera One, is the first of its kind: an award-winning platform that delivers the power to mitigate risk, reduce costs, and maximise every technology investment. It offers Technology Value Optimization (TVO) through IT Visibility, IT Asset Management, Cloud Migration and Modernisation, and Cloud Cost Optimisation.
ISO 27001 is a global security standard that determines the requirements for an ISMS. To achieve the certification, Flexera demonstrated its systematic and ongoing approach to managing sensitive company and customer information through its SaaS-based Flexera One platform. As a result, Flexera One is now recognized as fully compliant with the International Organization for Standardization (ISO) 27001 global security standard. Flexera also established a formal program to maintain the certification.
Flexera Applauded by Frost & Sullivan for Enabling Cloud Cost Optimization with Its Hybrid and Multi-Cloud Solution
Flexera One helps enterprise customers visualize their entire IT estate, including on-premises, SaaS, cloud, and containers. Flexera One mitigates risk, reduces costs and maximizes every technology investment.
According to Anisha Vinny, Frost & Sullivan Senior Industry Analyst, "Flexera is one of the dominant players in the Cloud Economics space, and Flexera One enables customers to visualize the entirety of their IT estate, from on-premises to SaaS, cloud, and containers."
"I’m so grateful that our employees have given us this award for the eleventh consecutive year," said Jim Ryan, President and CEO of Flexera. "While we’re a global company, our roots and headquarters reside in the Chicagoland area and our local team is a key part of our culture."
As Potential Recession Looms, Flexera State of ITAM Report Shows Wasted Spend Remains High Across the IT Estate
The full survey results are available in the Flexera State of ITAM Report, which can be downloaded at https://info.flexera.com/ITAM-REPORT-State-of-IT-Asset-Management.
The report enables IT leaders to benchmark their ITAM practices and results against those of other organizations. It explores the thinking of 500 global professionals who manage and participate in ITAM, SAM and HAM processes in medium and large organizations of at least 1,000 employees.
Flexera and nine other vendors were evaluated for The Forrester Wave™ based on 26 criteria grouped into three categories: current offering, strategy, and market presence. In the evaluation, Flexera received the top score in the current offering category. In addition, Flexera had the highest possible scores in the product vision, access and permissions, resource discovery and cloud platform support, billing, cloud visibility, cost optimization, partner ecosystem, and commercial model criteria.
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.
Flexera is building out a full instance of its industry-leading solution with APAC production readiness scheduled in the 4th quarter of 2022. This will allow Flexera customers in ANZ and APAC to visualise, inform and transform their full hybrid IT estate from a single user and developer experience, delivering technology value optimisation (TVO) to business and technology stakeholders. Existing Flexera customers can take full advantage of Flexera One through a conversion incentive program.