All press releases

“For the past three years, cloud spend has been the top ranked cloud challenge for organizations, ahead of security, according to the State of the Cloud report,” said Becky Trevino, Chief Product Officer at Flexera. “With cloud software easy to provision and highly distributed, organizations need visibility to answer the simple question: how do we optimize software spend in the cloud? Flexera Cloud License Management provides organizations with confidence to forecast and manage cloud software spend, while ensuring they aren’t paying for things they already own.”

“Our partner community plays an essential role in helping customers achieve their business objectives despite the ever increasing amount of complexity and risk in the hybrid IT landscape,” said Brian Hibner, Senior Vice President of Alliances and Services at Flexera. “Flexera is committed to continuously investing and improving our channel so partners and Managed Service Providers can deliver high-quality services to customers powered by Flexera technology.

As organizations continue to invest in artificial intelligence (AI), nearly one-third (33%) of organizations are spending more than $12 million annually on the public cloud alone. With cloud budgets already exceeding limits by 17%, organizations are increasingly turning to managed service providers (60%) and expanding use of their FinOps teams to regain control over spending (59%). In fact, the number of respondents that use, or plan to use, a FinOps team increased by eight percentage points year over year.

With this acquisition, Flexera expands its leading Cloud Financial Management offering into a suite of AI-powered FinOps technologies and enhances the value of these offerings by expanding its partner ecosystem. This newly bolstered FinOps portfolio from Flexera allows organizations and managed service providers (MSPs) to manage cloud financial commitments, automate billing and invoicing, reduce workload costs and optimize containers.

“Our partners are essential to helping organizations navigate the complexities of their technology investments and maximize their value,” said Brian Hibner, Senior Vice President of Alliances and Services at Flexera. “This year’s award winners exemplify excellence in delivering superior business outcomes to clients and driving industry innovation.

“Flexera’s commitment to FinOps goes beyond technology–we’re building a culture of excellence by equipping our teams with the tools and expertise to inform, optimize, and operate–paralleling the three phases of the FinOps framework,” said Jay Litkey, Senior Vice President of FinOps at Flexera and Governing Board Member at the FinOps Foundation. “By investing in FinOps training across the company, the Flexera staff can lead, guide, and empower our customers to adopt these industry best practices to drive meaningful business outcomes.

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.

As a part of its investment, Flexera has streamlined and refreshed its existing partner program, bringing together Flexera and Snow Software benefits to ensure the best of both worlds are available to its ecosystem. The investment also expands the focus on MSPs with additional capabilities offered in the growing FinOps arena, enhanced ITAM features and plans to expand into SaaS Management.

The Flexera 2025 IT Priorities Report surveyed 800 IT leaders from the United States, United Kingdom, Germany and Australia to determine how IT decision makers’ priorities have evolved over the past 12 months and outline their focus for next year.

"There’s incredible opportunity for organizations and MSPs to more efficiently manage cloud spend to fuel business growth and transformation,” said Jay Litkey, Senior Vice President of Cloud Management at Flexera. “Powering the latest AI innovations, cloud services play an even bigger role in the future of many organizations, and there’s a real sense of urgency to get a handle on those costs now.

Worldwide IT spending is currently estimated to reach $5.26 trillion in 2024¹, bolstered by an increase in AI technologies. However, managing technology investments is more complicated and disjointed than ever, increasing organizations’ concern of wasted spending and potential security risks. A recent report suggests that less than 50% of organizations have complete visibility of their IT environments².

“We are proud to recognize the very best in ITAM, FinOps, SaaS and many other categories,” stated Jim Ryan, President and CEO at Flexera. “Approximately 47% of the world's infrastructure is currently run on-premises, with 53% in the cloud. This signifies a tipping point for hybrid technology. Regardless of where the ITAM and FinOps disciplines reside in an organization, the two are rapidly converging. Companies that gain visibility and intelligence in a hybrid environment are likely to make better technology decisions, manage risk better and reduce costs in a more effective way.

Based on Forrester’s evaluation, “Flexera excels in its flexible platform. Flexera is known for its IT asset management capabilities (ITAM) that integrate with its cloud cost management solution. The company excels in its pricing flexibility and transparency.” The Forrester report also states, “Flexera is a good fit for customers that want a combined Cloud Cost Management and Optimization (CCMO) and ITAM solution with open integrations.”

Flexera is the first ITAM solutions provider to hold all Oracle third-party SAM tool verifications within the Global Licensing Advisory Services (GLAS) program. The verifications assure customers they can maximize the value of their Oracle investments with data they can trust across Flexera products.

Flexera’s annual report, which surveys global IT professionals, investigates how the maturity of IT asset management (ITAM), FinOps, security, software asset management (SAM) and hardware asset management (HAM) teams impacts the value they deliver to their organizations. It also provides a view of the future of ITAM and SAM teams as they evolve to serve the needs of hybrid IT and cloud-first organizations.

Flexera solutions are sold, supported, serviced and managed by a global network of consulting, service and technology partners. The company is committed to a Partner First model with a structure that builds efficient, solutions-driven and transparent partnerships emphasizing joint growth planning, business development and marketing activities. Datacom—which builds technology solutions to deliver greater security, higher productivity, and a more sustainable future—was also Flexera’s partner of the year for the APAC region in 2022.

“IT leaders have a unique vantage point into the struggles and opportunities organizations face as they navigate an ever-changing technology landscape,” said Becky Trevino, Chief Product Officer at Flexera. “The Technology Intelligence Summit brings together industry thought leaders, ITAM and FinOps community members, global partners and more to discuss the ongoing problems and future needs to optimize all technology in the hybrid IT environment, from on-premises, cloud, SaaS, software, containers and more.”

Flexera is a long-standing Oracle partner that has been continuously verified as a third-party tool vendor by Oracle’s Global Licensing and Advisory Services (GLAS). This status allows Flexera customers to conduct a detailed asset management evaluation of their currently deployed Oracle estate with Flexera’s solutions.

The 2024 report is available at https://www.flexera.com/stateofthecloud.

Flexera’s existing SBOM management capabilities are part of the pioneering software composition analysis (SCA) platform historically sold through Flexera’s Revenera division. With this launch, Flexera One IT Visibility supports software buyers' use cases with the same capabilities SCA customers' have relied on for over 15 years. The new SBOM management feature of Flexera One IT Visibility mitigates the increased risks of software vulnerabilities and data breaches. It also drives strategic technology decisions with a clear view of assets down to their component level.