Apptio, a Bellevue, WA-based provider of technology business management (TBM) applications, acquired Cloudwiry, an Austin, TX-based company which specializes in multi-cloud savings automation and FinOps.
The amount of the deal was not disclosed.
With the acquisition, Apptio will expand its offering.
Led by Aditya Datta, founder and CEO, Cloudwiry is a cloud cost management and optimization company that delivers autonomous cloud spend optimization. The solution advises, customizes, and automates multi-cloud FinOps practices, providing coverage across FinOps reporting, categorization, and financial automation. Through its automated rate optimization capabilities, customers recognize immediate and incremental cost savings, added flexibility, and outsourced management of reserved instances and savings plans.
Led by CEO Sunny Gupta, Apptio enables users across disciplines to report, analyze, plan, and govern their investments collaboratively, and efficiently. The company automatically ingests and intelligently structures vast amounts of enterprise and technology-specific spend and operational data. More than 60 percent of Fortune 100 enterprises use Apptio to manage spend across the entire IT portfolio and beyond so they can focus on delivering innovation. The platform is centered around automated rate optimization, rightsizing, and interactive inventory capabilities across AWS, Azure, and GCP.
Commenting on the acquisition, Sunny Gupta said. “By pairing Apptio’s market-leading Cloudability with Cloudwiry, we are able to provide customers with unparalleled visibility, insights, planning, optimization, and automation capabilities for reservations and savings plans, helping customers deploy the most efficient cloud infrastructure footprint to fuel innovation and meet business demands.”
Cloudwiry will no longer operate as an independent company but will now be integrated into Apptio.
FinSMEs
10/01/2023