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Survey respondents are IT executives working in large enterprises with 2,000 or more employees, headquartered in North America and Europe, encompassing industries such as financial services, retail, e-commerce and industrial products. More than half are C-level executives.

“Enterprises are under enormous pressure to increase innovation and reduce IT spend,” said Jim Ryan, President and CEO of Flexera. “In chasing innovation we continue to see a significant, some would say unsustainable increase in cloud spending.

Flexera, headquartered in suburban Chicago, uniquely serves companies that use technology and those that produce it. The company’s Flexera division provides IT management solutions that help enterprises maximize business value from their technology investments. The company’s Revenera division provides solutions that help technology companies build better products, accelerate time to value and monetize what matters.

In fact, mature technology intelligence – defined as the ability to understand and manage all technology resources – correlated to resilience and growth. Of the IT leaders classified as having mature technology intelligence, 79% were confident in their organization’s ability to weather current events and 100% indicated that innovation continues to be a strategic focus for their organization. 

Flexera and seven other vendors were evaluated for The Forrester Wave^™ based on 27 criteria grouped into three categories: current offering, strategy and market presence. In the evaluation, Flexera received the highest possible scores in the criteria of product vision, market share, commercial model, access and permissions, resource discovery and cloud platform support, and billing.

“In times of great change, it is more important than ever to maintain a connection among employees,” said Eric Rubino, Energage CEO. “When you give your employees a voice, you come together to navigate challenges and shape your path forward based on real-time insights into what works best for your organization. The Top Workplaces program can be that positive outcome your company can rally around in the coming months to celebrate leadership and the importance of maintaining an employee-focused culture, even during challenging times.”  

The full survey results are available in the Flexera 2021 State of ITAM Report, which can be downloaded at https://info.flexera.com/SLO-REPORT-State-of-ITAM.

The report explores the thinking of 461 global professionals who manage and participate in ITAM and SAM processes in medium and large organizations of at least 1,000 employees. The report enables IT leaders to benchmark their ITAM practices and results against those of other organizations.

The growth of SaaS applications is exploding at most organizations, as anyone with a company credit card and an email address can purchase a SaaS app. Such ease of adoption enables the subscriber to start using the application immediately, often neglecting to check with the company’s internal policies.

This results in the rapid proliferation—typically outside official procurement channels—of SaaS apps throughout an organization. This is “shadow SaaS”, and it creates expensive and dangerous challenges:

“Now more than ever, technology providers and partners need to offer solutions that can quickly and effectively address significant business challenges,” said Brian Allison, Vice President of Global Channels and Alliances at Snow. “It is critical that organizations get visibility and insight across their software, hardware, applications and cloud investments, wherever and however those assets are being used. With the new Snow Partner Program, we are empowering our partners to deliver even better outcomes for our joint customers.

Reliance on the cloud has risen sharply in response to the global pandemic. A recent Snow survey found that 76% of IT leaders have increased their use of cloud infrastructures such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform, and over half increased their use of cloud-based applications. This surge is happening at a time when many organizations are looking to reduce or cut IT spend, making it essential for organizations to control and understand cloud usage.

“At Flexera, our commitment over the years has always been to help our customers get the most out of their technology investments, whether on-premise or in the cloud,” said Jim Ryan, President and CEO of Flexera. “To us, being recognized as a Leader in the Gartner Magic Quadrant for Software Asset Management, for the third year in a row is an acknowledgement. Just as importantly, we are not resting in our mission to help companies reduce risks and optimize the costs of IT.

“As organizations accelerate their reliance on cloud, complex hybrid environments are the new reality for many IT leaders, and Snow sits at the nexus of this transformation,” said Vishal Rao, President and Chief Executive Officer at Snow. “Crossing $100 million ARR reaffirms that visibility, optimization and governance across all technology is a strategic priority for the enterprise. Of course, we would not have been able to achieve this milestone without the continuous support of our customers and partners.

Overall, 82% of those surveyed said they have increased their cloud usage over the past several weeks in response to the pandemic. The majority of respondents – 60% – said their cloud usage continues to increase, indicating that cloud consumption patterns are still in flux even after the initial surge in remote work. Additionally, 66% reported that they will continue to use the cloud services and applications they implemented during the crisis once employees return to the workplace. Surprisingly, only 22% reported they saw an initial increase in cloud usage but that it had leveled off.

Godfrey will oversee all product strategy, product management and user experience activities that support the profitable growth of Flexera’s offerings that help customers inform and transform their IT ecosystems.

Godfrey joins Flexera from Syncsort, a global leader in data management, where she served as senior vice president of product management for almost two years.

“We couldn’t be more thrilled to welcome David to Flexera to help continue our track record of growth that we saw under Joe Freda,” said Jim Ryan, President and CEO of Flexera. “Just as importantly, he’s a great fit for our culture.”

In business for more than 30 years, Flexera is the largest homegrown technology company in the Chicago area, employing more than 1,300 globally with over 300 in its suburban Chicago office, and serving more than 50,000 customers worldwide. Flexera is committed to providing solutions that enable companies to increase their category relevance, avoid obsolescence and strengthen their journey to digital transformation.

The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020

The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption.

Many CIOs and IT leaders have indicated that they lack the ability to identify software assets running in containers, a type of operating system virtualization whose use by enterprises is rapidly expanding. A single container contains all the necessary executables, binary code, libraries and configuration files required to run a software program.

“We congratulate our Partner of the Year award winners,” said Cindy Grogan, Vice President of Global Alliances at Flexera. “Each organization provides deep expertise and innovation around Flexera solutions. They display an exceptional ability to understand customer needs and solve business challenges around IT visibility, informed IT management and cloud control.”

In the current state of technology, every organization is at risk due to the many software vulnerabilities that affect their environment. The volume of threats to manage is constantly growing—exploits, attacks and software vulnerabilities are constant and hit organizations at a seemingly unmanageable pace. SVM identifies these vulnerabilities and helps effectively prioritize remediation efforts to ensure a focus on publishing patches that matter. This is especially important as organizations come to the realization that patching every vulnerability is impractical.

“The findings in the 2020 CIO Priorities Report echo changes we’ve made in our own company and have encouraged our customers to follow,” said Jim Ryan, President and CEO of Flexera. “We’re seeing CIOs and IT departments being tasked with leading the digital transformation—from migrating to the cloud or transforming the customer experience—and this demand is only going to increase, according to the report.