Flexera announced it has acquired RightScale, a recognised industry leader in multi-cloud management and cost optimisation. 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.
RightScale's current solutions and approach have earned industry recognition. The company was recently recognised as a leader in The Forrester Wave: Hybrid Cloud Management, Q2 2018 report, and The Forrester Wave: Cloud Cost Monitoring and Optimisation, 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.
“We're very excited about this acquisition, it's transformational for Flexera and our customers,” said Jim Ryan, CEO of Flexera. “60% 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.
Gartner estimates that cloud platform and infrastructure services spend is 20% 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).
With an average 35% of that spend wasted, a multi-cloud cost optimisation tool that provides spend insights and a means to act on them has never been more important. The RightScale acquisition aligns with Flexera's commitment to deliver the best vendor agnostic solutions to optimise 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 maximise cost savings while minimising risks and vulnerabilities.
“As the migration to the 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.