Flexera Acquires RISC Networks: Breakthrough Cloud Migration Analytics Platform Accelerates Digital Transformation for Enterprises
SaaS-based platform enables companies to chart most efficient path to cloud
Itasca, IL - June 4, 2019 Flexera, the software company that helps organizations realize technology’s power to accelerate their business, today announces it has acquired RISC Networks. Headquartered in Asheville, North Carolina, RISC Networks’ groundbreaking SaaS-based analytics platform helps companies speed their migration to the cloud.
Adding a cloud readiness dimension to the Flexera portfolio
“Our Cloud Management Platform optimizes cloud usage for our customers, and is well regarded by key industry analysts, including Gartner and Forrester,” noted Jim Ryan, President and CEO of Flexera. “But we’re always seeking to strengthen our capabilities in cloud migration—an area that’s becoming more of a focus for IT executives and analysts.
“With our acquisition of RISC Networks,” Ryan continued, “we can help our customers even earlier in their journey to the cloud. We can now help them assess, prioritize and price which on-premise workloads they should migrate to the cloud.”
RISC Networks’ primary products—Foundation and CloudScape—help fast-growing companies like CapGemini, IBM, Turner Broadcasting, Viacom and Eastman Chemical more effectively move from on-premise to the cloud by:
- fully discovering all of a company’s IT infrastructure
- automatically organizing the information into the relevant business services that are essential to the enterprise
- evaluating, prioritizing and costing the applications to be moved to the cloud
More comprehensive and actionable IT insights
RISC Networks’ innovative platform extends Flexera’s ability to deliver IT insights and spend optimization. The patented technology adds an essential business service view to existing visibility into software, hardware and cloud assets.
“This acquisition enables us to help our customers chart the most efficient and effective path to the cloud, avoiding costly missteps that can set back their digital transformation,” said Ryan. “It will allow our customers and partners to identify the best route forward. Adding RISC Networks to our portfolio will also help us build stronger relationships with cloud providers such as AWS, Microsoft Azure and Google Cloud, which will offer additional benefits when moving our customers to the cloud.”
Flexera saves customers billions of dollars in wasted technology spend. A pioneer in hybrid ITAM and FinOps, Flexera provides award-winning, data-oriented SaaS solutions for technology value optimization (TVO), enabling IT, finance, procurement and cloud teams to gain deep insights into cost optimization, compliance and risks for each business service. Flexera One solutions are built on a set of definitive customer, supplier and industry data, powered by Technopedia, that enables organizations to visualize their Enterprise Technology Blueprint™ in hybrid environments—from on-premises to SaaS to containers to cloud. More than 50,000 customers subscribe to Flexera’s technology value optimization solutions, delivered by 1,300+ team members worldwide. Learn more at flexera.com