- Flexera announced it has acquired Asheville-based SaaS analytics platform company RISC Networks
Flexera, a company that helps organizations realize the power to accelerate their businesses using technology, announced it has acquired Asheville, North Carolina-based SaaS analytics platform company RISC Networks. RISC Networks’ platform is known for helping companies speed their migration to the cloud. This acquisition adds a cloud readiness dimension to the Flexera portfolio.
“Our Cloud Management Platform optimizes cloud usage for our customers and is well regarded by key industry analysts, including Gartner and Forrester… But 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,” said Flexera president and CEO Jim Ryan in a statement. “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 ― which are called Foundation and CloudScape ― helps fast-growing companies like CapGemini, IBM, Turner Broadcasting, Viacom and Eastman Chemical move from on-premise to the cloud by fully discovering all of a company’s IT infrastructure and automatically organizes the information into the relevant business services that are essential to the enterprise. And the company also evaluates, prioritizes, and costs the applications that are being moved to the cloud. And RISC Networks’ platform also extends Flexera’s ability to deliver IT insights and spend optimization. Plus the patented technology adds an essential business service view to existing visibility into software, hardware, and cloud assets.
“This acquisition enables us to help our customers chart the most efficient and effective path to the cloud, avoiding costly missteps that can set back their digital transformation,” Ryan added. “It will allow our customers and partners to identify the best route forward. Adding RISC Networks to our portfolio will also help us build stronger relationships with cloud providers such as AWS, Microsoft Azure and Google Cloud, which will offer additional benefits when moving our customers to the cloud.
Flexera is known for helping executives succeed at getting clarity and gaining full control of their company’s technology “black hole.” And Flexera helps business leaders turn IT insights into actions. Flexera (formerly known as Acresso Software) was founded in 1987 and the company has more than 1,300 team members worldwide and the company has more than 50,000 customers that fuel its business success.
RISC Networks is the fourth company that Flexera acquired since the beginning of 2018. The others include RightScale (cloud management platform), MetaSaaS (SaaS management), and BrainWave Group (European SAM vendor).
Currently, Flexera is backed by Teachers’ Private Capital (the investment arm of the Ontario Teachers Pension Plan) and the private equity firm TA Associates. And last month, Bloomberg reported that these owners were pursuing a sale of Flexera at more than $3 billion.
