Apptio Buys Cloudability
has signed a definitive agreement to acquire Cloudability.
Cloudability’s Financial Operations (FinOps) Platform manages more than
$9 billion in enterprise cloud spending across AWS, Microsoft Azure and
Google Cloud. Cloudability leverages data science, machine learning and
automation to improve the unit economics and business agility of the
Terms were not disclosed.
“The cloud has fundamentally changed the traditional IT operating model,
enabling digital transformation in companies of all sizes. Cloud
services represent a significant investment for every company and yet,
managing, optimizing and governing the financial and operational details
of the cloud is impossible without data science and machine learning,”
said Sunny Gupta, Apptio CEO. “With Cloudability, Apptio becomes the
clear, agnostic market leader providing insights, optimization and
business value across all technology investments including public cloud
services and hybrid infrastructure.”
“Apptio and Cloudability have long shared a dedication and passion for
helping customers navigate disruptive change with powerful technology,”
said Mat Ellis, Founder and CEO of Cloudability. “Cloudability was built
to bring Finance and DevOps together to ensure that the purchase and
planning of cloud resources matches utilization, so no dollar is wasted.
Now with Apptio, we’re poised to offer the market’s most mature and
powerful platform for cloud migration/modernization, optimization, and
Founded in 2011, Cloudability’s founders believed that vendor native
tools and spreadsheets were inadequate to manage the vast amounts of
cloud billing data produced across multi-cloud environments like AWS,
Azure and Google. Today, its intelligent, responsive platform is trusted
by more than 250 enterprise customers to ensure every dollar spent on
the cloud provides business value.
Cloudability’s FinOps Platform gives IT, finance and business teams
real-time understanding of cloud spending, down to the penny, and
continual optimization of cloud costs. Billing, utilization and rate
data from leading cloud providers are ingested and normalized for every
VM, container and serverless workload, application, department and user.
The Platform reinforces FinOps best practices by empowering teams to
manage cloud consumption against their budgets while centralizing vendor
management for operational excellence.
integration of Apptio and Cloudability’s technology will focus on
cloud/DevOps capabilities including deeper reserved instance planning,
predictive forecasting, optimizing workflow integration to CI/CD tools
like Jira and Slack and rightsizing based on leading monitoring tools
Many of the world’s leading cloud-first organizations like Atlassian,
BP, Sony and Gannett use Cloudability’s FinOps Platform to merge
financial practices like forecasting, showback and allocations with
operational outcomes like provisioning, tagging and analysis.
Cloudability has also contributed to the rise of the Cloud Center of
Excellence (CCoE), a central team of operations, engineering and finance
leaders dedicated to the management and optimization of internal cloud
This transaction is expected to close during the second quarter of
Apptio’s 2019 fiscal year and is subject to customary closing
conditions. Until the transaction closes, each company will continue to