All press releases

Reliance on the cloud has risen sharply in response to the global pandemic. A recent Snow survey found that 76% of IT leaders have increased their use of cloud infrastructures such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform, and over half increased their use of cloud-based applications. This surge is happening at a time when many organizations are looking to reduce or cut IT spend, making it essential for organizations to control and understand cloud usage.

“At Flexera, our commitment over the years has always been to help our customers get the most out of their technology investments, whether on-premise or in the cloud,” said Jim Ryan, President and CEO of Flexera. “To us, being recognized as a Leader in the Gartner Magic Quadrant for Software Asset Management, for the third year in a row is an acknowledgement. Just as importantly, we are not resting in our mission to help companies reduce risks and optimize the costs of IT.

“As organizations accelerate their reliance on cloud, complex hybrid environments are the new reality for many IT leaders, and Snow sits at the nexus of this transformation,” said Vishal Rao, President and Chief Executive Officer at Snow. “Crossing $100 million ARR reaffirms that visibility, optimization and governance across all technology is a strategic priority for the enterprise. Of course, we would not have been able to achieve this milestone without the continuous support of our customers and partners.

Overall, 82% of those surveyed said they have increased their cloud usage over the past several weeks in response to the pandemic. The majority of respondents – 60% – said their cloud usage continues to increase, indicating that cloud consumption patterns are still in flux even after the initial surge in remote work. Additionally, 66% reported that they will continue to use the cloud services and applications they implemented during the crisis once employees return to the workplace. Surprisingly, only 22% reported they saw an initial increase in cloud usage but that it had leveled off.

Godfrey will oversee all product strategy, product management and user experience activities that support the profitable growth of Flexera’s offerings that help customers inform and transform their IT ecosystems.

Godfrey joins Flexera from Syncsort, a global leader in data management, where she served as senior vice president of product management for almost two years.

“We couldn’t be more thrilled to welcome David to Flexera to help continue our track record of growth that we saw under Joe Freda,” said Jim Ryan, President and CEO of Flexera. “Just as importantly, he’s a great fit for our culture.”

In business for more than 30 years, Flexera is the largest homegrown technology company in the Chicago area, employing more than 1,300 globally with over 300 in its suburban Chicago office, and serving more than 50,000 customers worldwide. Flexera is committed to providing solutions that enable companies to increase their category relevance, avoid obsolescence and strengthen their journey to digital transformation.

The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020

The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption.

Many CIOs and IT leaders have indicated that they lack the ability to identify software assets running in containers, a type of operating system virtualization whose use by enterprises is rapidly expanding. A single container contains all the necessary executables, binary code, libraries and configuration files required to run a software program.

“We congratulate our Partner of the Year award winners,” said Cindy Grogan, Vice President of Global Alliances at Flexera. “Each organization provides deep expertise and innovation around Flexera solutions. They display an exceptional ability to understand customer needs and solve business challenges around IT visibility, informed IT management and cloud control.”

In the current state of technology, every organization is at risk due to the many software vulnerabilities that affect their environment. The volume of threats to manage is constantly growing—exploits, attacks and software vulnerabilities are constant and hit organizations at a seemingly unmanageable pace. SVM identifies these vulnerabilities and helps effectively prioritize remediation efforts to ensure a focus on publishing patches that matter. This is especially important as organizations come to the realization that patching every vulnerability is impractical.

“The findings in the 2020 CIO Priorities Report echo changes we’ve made in our own company and have encouraged our customers to follow,” said Jim Ryan, President and CEO of Flexera. “We’re seeing CIOs and IT departments being tasked with leading the digital transformation—from migrating to the cloud or transforming the customer experience—and this demand is only going to increase, according to the report.

“It’s yet another thrilling moment for us at Flexera, as we’ve been Leaders in both the Magic Quadrant for CMP and Magic Quadrant for SAM Tools for the past two years,” said Jim Ryan, President and CEO of Flexera. “We believe this spotlights our commitment to innovating for our customers: we make it a priority to listen to what our customers want and need, and ensure we’re continually adding value to their business.

“The cloud is being adopted faster than ever. However, the challenges around process transformation and workflow automation, as well as risks around cost management and governance have grown considerably as well,” said Jay Litkey, Founder of Embotics and SVP, Cloud Management at Snow. “Our team has focused on delivering a product that is a fully integrated platform with a comprehensive suite of services to assist organizations with their cloud transformation.

The report synthesized data from three recent surveys, and more than half of respondents—including CIOs and other senior IT leaders—rated digital transformation as their top 2020 priority, followed by cybersecurity, cloud and improving the customer experience. 

“This acquisition is a game changer for software suppliers looking to derive more value from their software. I am excited to add another leading company to Flexera, after the acquisition of RISC Networks last year, continuing our excellent growth path,” said Jim Ryan, President and CEO of Flexera.

“While we’re a global company, the Chicago area has always been Flexera’s home base. It’s a great honor to be named to this list, as it reflects our goal to make Flexera the best place for local, talented tech professionals to find engaging work and great camaraderie,” said Jim Ryan, President & CEO of Flexera. “We’re thrilled to have the recognition.”

“Snow has expanded beyond the traditional siloes of software, hardware and cloud management to provide our customers with complete visibility and manageability across all their technology,” said Rao. “Paula has a wealth of marketing experience spanning leading technology organizations of varying size and market stage. She brings a strong balance of both market and community building, which is invaluable as we meet rising customer demand for technology intelligence. I’m excited to have Paula join the team as we build on a record-breaking 2019.”

Business Units Control a Significant Share of Tech Spend – Which is a Mixed Bag

“Snow’s success is driven by great products and a bold vision to provide our customers with complete visibility and manageability across all of their technology,” said Vishal Rao, President and Chief Executive Officer at Snow. “Since joining Snow, Sanjay has worked hand in hand with Chief Technology Officer Peter Björkman to drive a product strategy that helps organizations navigate the complexities and maximize the value of digital transformation.