All press releases

According to IDC, SaaS is the top source for cloud spend in 2022, accounting for $177.8 billion of the market. In the new Snow survey examining the state of SaaS management, which surveyed 1,000 IT leaders from large organizations of 500+ employees in the United States and United Kingdom, 44% said ‘employees adding new SaaS applications without notifying IT’ is their top challenge to managing SaaS applications at their organization, closely followed by managing SaaS security (42%).

“The macroeconomic environment is forcing organizations to seek a deeper understanding of how all areas of their business are performing,” said Sanjay Castelino, Chief Product and Customer Officer at Snow. “With large annual budgets devoted to IT spend, demonstrating return on investment for every technology purchase is vital for CIOs and IT teams. The latest release from Snow not only identifies how technology is used but also offers use cases to support more sustainable IT practices such as understanding the carbon footprint of devices.

"I’m so grateful that our employees have given us this award for the eleventh consecutive year," said Jim Ryan, President and CEO of Flexera. "While we’re a global company, our roots and headquarters reside in the Chicagoland area and our local team is a key part of our culture."

The full survey results are available in the Flexera State of ITAM Report, which can be downloaded at https://info.flexera.com/ITAM-REPORT-State-of-IT-Asset-Management.

The report enables IT leaders to benchmark their ITAM practices and results against those of other organizations. It explores the thinking of 500 global professionals who manage and participate in ITAM, SAM and HAM processes in medium and large organizations of at least 1,000 employees.

Flexera and nine other vendors were evaluated for The Forrester Wave™ based on 26 criteria grouped into three categories: current offering, strategy, and market presence. In the evaluation, Flexera received the top score in the current offering category. In addition, Flexera had the highest possible scores in the product vision, access and permissions, resource discovery and cloud platform support, billing, cloud visibility, cost optimization, partner ecosystem, and commercial model criteria.

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.

Flexera is building out a full instance of its industry-leading solution with APAC production readiness scheduled in the 4th quarter of 2022. This will allow Flexera customers in ANZ and APAC to visualise, inform and transform their full hybrid IT estate from a single user and developer experience, delivering technology value optimisation (TVO) to business and technology stakeholders. Existing Flexera customers can take full advantage of Flexera One through a conversion incentive program.

“Our second annual Snow Technology Intelligence Awards gives us the opportunity to celebrate the excellence and innovation our customers are driving with their Technology Intelligence initiatives and the tangible impact they’re delivering for their organizations, our society and our planet,” said Vishal Rao, President and CEO at Snow. “At Snow, we’re continually impressed by the dedication and inventiveness of our customers and are grateful for their ongoing trust, so it’s great to have this opportunity to honor their successes.”

According to IDC, global digital transformation spending is predicted to hit a high of $1.8 trillion in 2022 driven in large part by the rapid expansion of SaaS and cloud technologies. This increased spend comes with a downside. As technology investment grows, so too does the complexity of managing and mitigating the risks of an organization’s technology stack.

Flexera’s flagship platform, Flexera One, is the first of its kind: an award-winning platform that delivers the power to mitigate risk, reduce costs, and maximize every technology investment. It offers technology value optimization (TVO) through IT visibility, IT asset management (ITAM), cloud cost optimization (CCO), and cloud migration and modernization. Flexera One enables enterprises to take control of their cloud journey with:

Snow and Anodot will bridge the disciplines of IT asset management (ITAM) and FinOps together to address evolving issues associated with cloud cost management. As cloud usage rises rapidly across industries, companies are increasingly struggling to attain complete visibility into their spend across technologies and across multi-cloud environments, Kubernetes costs, cost variability and allocation, and bill complexity, resulting in missed opportunities to reduce cloud waste and overspending.

One potential reason is that more than half of IT workers (70% of UK respondents and 53% in the US) believe that their departments spend too much time reacting to problems, reducing the opportunity to be innovative – and 71% of global IT leaders agree, according to the Snow Software 2022 IT Priorities Report.

Survey respondents are 501 IT executives working in large enterprises with 2,000 or more employees, headquartered in North America and Europe, encompassing industries such as financial services, retail, e-commerce and industrial products. More than two-thirds are vice president or higher, and 80 percent work in IT.

Flexera’s certification is driven by an employee engagement survey that measured the extent to which employees across the organisation reported a consistently great workplace experience, considering factors such as innovation, inclusivity, company values and the effectiveness of its leaders.

The educational program, including exclusive content for Flexera customers, will be available on the Flexera community portal.

The Flexera 2021 State of Tech Spend report indicated that the top three CIO priorities were digital transformation, cybersecurity and cloud migration. Accordingly, asset management challenges have grown with the rapid adoption of SaaS, cloud, containers and other new technologies in hybrid environments.

By bringing innovative concepts, strategic business planning and comprehensive channel initiatives to life, these extraordinary women support partners and customers with exceptional leadership. CRN celebrates these women, who are so deserving of recognition, for their constant dedication to channel excellence.

Flexera, along with its Revenera division, today announced it has been awarded the Great Place to Work Certification in the UK, granted by the consultancy Great Place to Work^®, leader in the identification and certification of Best Workplaces. Based on employee feedback, the certification honors Flexera for its outstanding workplace culture.

Digital transformation is still a critical initiative for many enterprises. According to a report from Snow, 94% of IT decision makers said the pace of digital transformation dramatically increased in the last year, and many of their organizations increased overall cloud spend during that time. However, 71% of these IT decision makers say they are struggling to deliver new solutions and maintain the pace of innovation required to stay competitive in today’s business landscape.

“Each year, it’s an honor to reflect on and recognize Flexera’s partners of the year,” said Cindy Grogan, VP & General Manager, Flexera Alliances. “Our winners ensure they have an unflinching focus on meeting customer needs. Each of these organizations brings cutting-edge solutions to complex business challenges. Congratulations to each winner.”

Snow is among only a handful of other Oracle verified third-party vendors. These third-party vendors undergo rigorous testing to ensure that the output meets Oracle’s requirements for software licensing information. By selecting an Oracle-verified solution such as Snow’s, organizations can achieve greater visibility, insights and management over their complex Oracle environments while minimizing the risk of time-consuming or inaccurate usage reports during contract negotiations or audit proceedings.