Flexera Buys RightScale
gives Flexera the top technology asset management offering across
software, hardware, SaaS and cloud services. By adding RightScale’s
products to its portfolio, Flexera takes a step forward in helping solve
the critical problem of cloud services overspend and control.
Terms were not disclosed.
“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.
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.”
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
“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.”