"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 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 Amason 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 optimisation 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 optimise 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 optimisation offerings."
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 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."