Flexera acquires California company

Flexera in Itasca announced today it has acquired RightScale, a company specializing in multi-cloud management and cost optimization.

By adding RightScale's products to its portfolio, Itasca-based Flexera said it's taking a big leap forward in helping solve the critical problem of cloud services overspend and control. The company is based in Santa Barbara, California.

"We're very excited about this acquisition - it's transformational for Flexera and our customers," said Flexera CEO Jim Ryan. "60 percent of IT's budget is driven by spend in software, hardware and cloud. Public cloud spend is growing rapidly and our customers have been very clear on their desire to manage public cloud costs with Flexera, just like they do for desktop, datacenter, SaaS and other IT assets."

RightScale's current solutions and approach have earned industry recognition. The company was recently recognized as a leader in The Forrester Wave: Hybrid Cloud Management, Q2 2018 report and The Forrester Wave: Cloud Cost Monitoring and Optimization, Q2 2018 report. Founded in 2007, RightScale offerings are built as multi-cloud, vendor agnostic solutions that support leading public and private clouds - including Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud, OpenStack and VMware vSphere.

"We share Flexera's commitment to innovation and to delivering products that allow businesses to optimize and control rapidly evolving technology environments," said Michael Crandell, CEO and co-founder at RightScale. "With Flexera's investment and leadership in technology asset management, we're confident we can drive continued growth of our cloud management and cost optimization offerings."