Flexera expands its FinOps footprint to take on data cloud costs

The company broadened its spend management capabilities with the acquisition of ProsperOps and Chaos Genius.

Dive Brief:

• Flexera bolstered its enterprise cloud cost control arsenal through the acquisitions of the hyperscaler billing optimization platform ProsperOps and the data cloud spend management platform Chaos Genius. The IT asset management company announced the additions jointly on Tuesday.
• ProsperOps leverages AI to align public cloud billing rates with enterprise workload requirements, helping organizations take advantage of committed spend rate reductions, savings plans and other hyperscaler discounts. Venture capital-backed startup Chaos Genius uses agentic automation to manage costs across Databricks and Snowflake data cloud environments.
• “Technology spend is arguably the second largest line item in any CEO’s budget,” Flexera CEO Jim Ryan said. “Our vision is to bring together as many capabilities as we can to give our customers visibility into their spending so they can maximize the value of that technology.”