Flexera to Acquire FinOps Business from NetApp, Inc. to Strengthen FinOps Portfolio
15 Janvier 2025 - 2:00PM
Flexera, the global leader in technology spend and risk management,
has entered into a definitive agreement to acquire the Spot by
NetApp FinOps business from NetApp® (NASDAQ: NTAP), the intelligent
data infrastructure company.
The transaction will enhance Flexera’s ability
to better serve customers and partners seeking to manage growing
multi-cloud cost and FinOps needs across a broader range of
services from hybrid cloud, SaaS applications and containers. The
combination of Spot’s artificial intelligence (AI) and machine
learning (ML)-enabled technology and Flexera’s hybrid cloud
expertise will offer a comprehensive FinOps solution that enhances
financial accountability and efficiency in cloud operations, and
also aligns with the expanding scope of FinOps which now includes
data centers, SaaS applications and public cloud along with the
growing FinOps framework that includes software licensing and
sustainability.
“A tsunami of artificial intelligence
applications is exponentially increasing organizations’ consumption
of cloud resources,” said Jim Ryan, President and CEO of Flexera.
“Yet, we hear from many organizations about the difficulty in
answering basic questions like ‘what technology services do we
use?’ and ‘why are our cloud bills so high?’. Our acquisition of
Spot is the next step in Flexera’s strategic plan to provide
organizations with a full panorama of their technology spend and
risk across the entire IT ecosystem. We want to make it easy for
anyone to find and analyze any data related to spend and risk for
any kind of technology, anywhere it lives.”
Navigating a multifaceted spend and risk
landscape
“This decision reflects NetApp’s sharpened focus
and underscores our commitment to intelligent data infrastructure
and long-term growth opportunities,” said Haiyan Song, Executive
Vice President, Intelligent Operations Services, at NetApp. “After
a thorough evaluation, it is clear that Flexera’s established
expertise and global reach provide the ideal environment for the
Spot business to thrive and scale. This move not only allows the
Spot team and portfolio to unlock their full potential within
Flexera’s ecosystem but also reinforces our dedication to driving
value creation and achieving our ambitious growth objectives.”
The Spot solutions provide continuous
automation, optimization, and insights on an organization’s cloud
infrastructure and applications. The acquisition will add new
capabilities such as Kubernetes cost management and commitment
management to Flexera’s industry-leading FinOps portfolio. With the
acquisition, Flexera will also create a richer ecosystem of FinOps
Managed Service Providers (MSPs) to serve customers’ evolving needs
and bring new DevOps users into its robust customer community.
A foundation of FinOps excellence
Flexera has a long history of investing in both
in-house innovation and strategic acquisitions to build out its
FinOps and cloud cost management portfolio, going back to its
acquisition of RightScale in 2018. Most recently, Flexera was named
a Leader in the 2024 Gartner® Magic QuadrantTM for Cloud Financial
Management Tools and positioned as a Leader in The Forrester
WaveTM: Cloud Cost Management and Optimization Wave, Q3 2024
The transaction is subject to customary closing
conditions, including the receipt of required regulatory approvals.
Financial details of the transaction will not be disclosed.
About Flexera
Flexera helps organizations understand and
maximize the value of their technology, saving billions of dollars
in wasted spend. Powered by the Flexera Technology Intelligence
Platform, our award-winning IT asset management, FinOps and SaaS
management solutions provide comprehensive visibility and
actionable insights on an organization’s entire IT ecosystem. This
intelligence enables IT, finance, procurement and cloud teams to
address skyrocketing costs, optimize spend, mitigate risk and
identify opportunities to create positive business outcomes. More
than 50,000 global organizations rely on Flexera and its
Technopedia reference library, the largest repository of technology
asset data. Learn more at flexera.com.
About NetApp
NetApp is the intelligent data infrastructure
company, combining unified data storage, integrated data services,
and CloudOps solutions to turn a world of disruption into
opportunity for every customer. NetApp creates silo-free
infrastructure, harnessing observability and AI to enable the
industry’s best data management. As the only enterprise-grade
storage service natively embedded in the world’s biggest clouds,
our data storage delivers seamless flexibility. In addition, our
data services create a data advantage through superior cyber
resilience, governance, and application agility. Our CloudOps
solutions provide continuous optimization of performance and
efficiency through observability and AI. No matter the data type,
workload, or environment, with NetApp you can transform your data
infrastructure to realize your business possibilities. Learn more
at www.netapp.com or follow us
on X, LinkedIn, Facebook,
and Instagram.
NETAPP, the NETAPP logo, and the marks listed
at www.netapp.com/TM are trademarks of
NetApp, Inc. Other company and product names may be trademarks of
their respective owners.
Flexera Media Contact:
Ciri Haugh
Flexera
publicrelations@flexera.com
NetApp Media Contact:
Kenya Hayes
NetApp
kenya.hayes@netapp.com
Investor Contact:
Kris Newton
NetApp
kris.newton@netapp.com
NetApp (NASDAQ:NTAP)
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