Chicago-based Flexera follows RightScale acquisition with buying cloud migration startup RISC Networks
Flexera, the software company that helps organizations realize technology’s power to accelerate their business, has acquired RISC Networks, a SaaS analytics startup that help organizations solve problems faster and improve the success of IT projects. The terms of the deals were not disclosed. Back in September 2018, Flexera acquired RightScale, the multi-cloud management and cost optimization startup, to bolster its asset management offering across software, hardware, SaaS and cloud services.
The acquisition will enable Flexera customers to chart the most efficient and effective path to the cloud, avoiding costly missteps that can set back digital transformation. Adding RISC Networks to the Flexera portfolio will also help build stronger relationships with cloud providers such as AWS, Microsoft Azure and Google Cloud.
Founded in 2007, the Asheville, North Carolina-based, RISC Networks helps to unlock business potential by delivering more meaningful data analysis. Backed by a team of experienced engineers, the startup provides actionable intelligence that IT professionals can use to plan for IT change.
“Our Cloud Management Platform optimizes cloud usage for our customers and is well regarded by key industry analysts, including Gartner and Forrester,” said Jim Ryan, President and CEO of Flexera. “We’re always seeking to strengthen our capabilities in cloud migration—an area that’s becoming more of a focus for IT executives and analysts. With our acquisition of RISC Networks, we can help our customers even earlier in their journey to the cloud. We can now help them assess, prioritize and price which on-premise workloads they should migrate to the cloud.”
RISC Networks’ primary products—Foundation and CloudScape—help fast-growing companies like CapGemini, IBM, Turner Broadcasting, Viacom and Eastman Chemical more effectively move from on-premise to the cloud by:
• fully discovering all of a company’s IT infrastructure
• automatically organizing the information into the relevant business services that are essential to the enterprise
• evaluating, prioritizing and costing the applications to be moved to the cloud
RISC Networks’ innovative platform extends Flexera’s ability to deliver IT insights and spend optimization. The patented technology adds an essential business service view to existing visibility into software, hardware and cloud assets.
Flexera helps executives succeed at what once seemed impossible: getting clarity into, and full control of, their company’s technology “black hole.” From on-premises to the cloud, Flexera helps business leaders turn IT insights into action. With a portfolio of integrated solutions that deliver unparalleled technology insights, spend optimization and agility, Flexera helps enterprises optimize their technology footprint and realize IT’s full potential to accelerate their business.