Flexera Acquires Top Multi-Cloud Management Provider, RightScale; Strengthens Total IT Asset Optimization Suite
Combined offering brings leading spend optimization for software, hardware, SaaS, PaaS and IaaS under Flexera roof
Itasca, IL - September 25, 2018 Flexera announced today it has acquired RightScale, the recognized industry leader in multi-cloud management and cost optimization. This gives Flexera the top technology asset management offering across software, hardware, SaaS and cloud services. By adding RightScale’s proven products to its portfolio, Flexera takes a big leap forward in helping solve the critical problem of cloud services overspend and control.
Leading the Way
“We’re very excited about this acquisition – it’s transformational for Flexera and our customers,” said Jim Ryan, CEO of Flexera. “60 percent of IT’s budget is driven by spend in software, hardware and cloud. Public cloud spend is growing rapidly and our customers have been very clear on their desire to manage public cloud costs with Flexera, just like they do for desktop, datacenter, SaaS and other IT assets.”
RightScale’s current solutions and approach have earned industry recognition. The company was recently recognized as a leader in The Forrester Wave™: Hybrid Cloud Management, Q2 2018 report, and The Forrester Wave™: Cloud Cost Monitoring and Optimization, Q2 2018 report. Founded in 2007, RightScale offerings are built as multi-cloud, vendor agnostic solutions that support leading public and private clouds – including Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud, OpenStack and VMware vSphere.
It’s All about Multi-Cloud
According to the RightScale 2018 State of the Cloud Report, most businesses are leveraging three or more cloud vendors. Gartner estimates that cloud platform and infrastructure services spend is 20 percent of the IT budget today (Gartner Presentation, The Fundamentals of Software Asset Management, Matt Corsi, Gartner IT Sourcing, Procurement, Vendor & Asset Management Summit, September 2018 (IaaS 10%, PaaS 10%, n=233)). With an average 35 percent of that spend wasted, a multi-cloud cost optimization tool that provides spend insights and a means to act on them has never been more important.
“We share Flexera’s commitment to innovation and to delivering products that allow businesses to optimize and control rapidly evolving technology environments,” said Michael Crandell, CEO and co-founder at RightScale. “With Flexera’s investment and leadership in technology asset management, we’re confident we can drive continued growth of our cloud management and cost optimization offerings.”
The RightScale acquisition aligns with Flexera’s commitment to deliver the best vendor agnostic solutions to optimize and govern technology investments. In addition, RightScale’s orchestration features can automate actions identified by other Flexera solutions. Now Flexera gives companies the capabilities they need to stay in control of all their technology, and maximize cost savings while minimizing risks and vulnerabilities.
“As the migration to cloud continues, our clients are telling us that cloud costs are escalating at a rate much faster than they envisioned or planned for and that multi-cloud management complexities are becoming the norm – not the exception,” said Michael Adams, Managing Director at KPMG. “They want to be able to control and reduce spend across all of their cloud environments with one solution.”
For more information about Flexera’s complete technology asset management offering, contact Flexera.
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