Joint offering and partner network provide more data and functionality to understand IT environments, manage costs and reduce risks.
According to Gartner, global IT spending could reach around USD 5.1 trillion by 2024. Flexera estimates that up to 32 per cent of this IT spend will be wasted. Together, Flexera and Snow will provide deeper insight into the IT assets, technologies, licence terms and usage that drive these unnecessary costs and associated risks. Customers will gain accurate, detailed and dynamic insight into their enterprise technology blueprint to make strategic business decisions.
Comprehensive foundation for ITAM and FinOps.
Jim Ryan, CEO of Flexera: “Flexera and Snow have different focus areas in different sub-segments. The acquisition provides a comprehensive foundation for ITAM and FinOps. Snow’s excellent partner network, innovative technology, outstanding customer base and excellent employees are of great added value to the market.”
“We have been focused on bringing our vision of Technology Intelligence – the ability to understand and manage all technologies – to life. With this move, we see an incredible opportunity to accelerate Technology Intelligence,” said Vishal Rao, CEO of Snow. Our customers and partners need to adapt to increasingly complex IT environments while taking technical, financial, operational and innovation responsibility for their businesses.”
The transaction is subject to customary closing conditions, including receipt of required regulatory approvals.