Flexera, a global leader in technology spend and risk management, has announced the acquisition of the FinOps business from Spot by NetApp, a move that promises to strengthen its portfolio in the growing FinOps market. This transaction, which is subject to customary regulatory approvals, did not disclose financial details.
Expanding FinOps capabilities for a multi-cloud environment
The acquisition of Spot by NetApp will enable Flexera to offer more comprehensive solutions for financial management in hybrid and multi-cloud environments. This includes automated optimization, detailed analytics, and new capabilities such as cost management in KubernetesKubernetes (commonly referred to in English as “K8s”) …. These tools are fundamental for businesses facing a surge in cloud resource consumption, largely driven by the growth of artificial intelligence (AI)-based applications.
Jim Ryan, President and CEO of Flexera, emphasized the growing need for FinOps solutions that help organizations understand and manage their technology costs. According to Ryan, this acquisition is a strategic step toward creating a comprehensive ecosystem that addresses technology spending and risks throughout the IT infrastructure.
NetApp strengthens its focus on intelligent data infrastructure
For NetApp, this decision is part of its strategy to consolidate its position as a leader in intelligent data infrastructure. Haiyan Song, Executive Vice President of Intelligent Operations Services at NetApp, explained that the move will allow the Spot by NetApp team to reach its full potential under the Flexera ecosystem while NetApp continues to focus on its long-term growth objectives.
Benefits and opportunities in an expanding market
The inclusion of Spot by NetApp expands Flexera’s FinOps offerings and its managed service provider (MSP) ecosystem. This not only addresses current cloud cost optimization needs but also attracts a new generation of DevOps users.
In a context where the FinOps framework is evolving to include data center management, SaaS applications, and software licensing, Flexera solidifies its position as a key player. The company has already demonstrated its leadership with previous strategic acquisitions, such as RightScale in 2018, and its recent recognition in reports like the Gartner 2024 Magic Quadrant for Cloud Financial Management Tools.
A market with challenges and opportunities
The acquisition comes at a time when companies are facing significant challenges related to rising cloud costs. According to Flexera, the key to addressing these challenges lies in offering solutions that combine AI and machine learning technologies for greater operational efficiency.
The FinOps business of Spot by NetApp is known for its capability to automate processes and optimize cloud infrastructures, making it an ideal complement to Flexera’s portfolio. Furthermore, financial commitment management and cost optimization in Kubernetes add unique value that will meet the growing market expectations.
Future outlook
With this acquisition, Flexera reaffirms its commitment to providing a comprehensive view of technology spending through its technology intelligence platform. This will allow organizations to maximize the value of their technology investments, reduce waste, and make more informed decisions.
For its part, NetApp will continue to invest in innovation in intelligent data infrastructure solutions, including observability and AI, to provide flexibility and agility to its customers in an ever-evolving market.
Both companies aim not only to strengthen their strategic positions but also to deliver greater value to their clients in an increasingly complex and competitive digital environment.
Source: NetAPP