Flexera buys ProsperOps, Chaos Genius to boost FinOps – CFOtech Asia
Flexera has acquired ProsperOps and Chaos Genius in a twin deal that extends its financial operations tools into autonomous cost management for public cloud and data platforms.
The transactions add AI-driven automation across major cloud providers AWS, Azure and Google Cloud, and extend Flexera’s coverage to data platforms Snowflake and Databricks. The company said organisations increasingly struggle with fast-rising spend on cloud and AI workloads, despite gains in cost visibility.
Flexera now positions the combined offerings as a single FinOps suite that spans cost reporting and allocation, workload optimisation and rate management. The company said the additions also broaden its reach into emerging segments labelled FinOps for AI and FinOps for Data Clouds.
Cloud spend pressure
Businesses have expanded cloud usage for AI development, machine learning and data analytics, often across multiple providers. Many IT and finance teams have reporting tools, but they still act on recommendations manually.
Flexera said ProsperOps introduces an autonomous approach to cloud commitment management across AWS, Azure and Google Cloud. The platform focuses on the financial constructs that sit under cloud pricing, such as reservations and savings plans, and adjusts these over time without human intervention.
ProsperOps will operate as a Flexera company and retain its brand. Flexera said ProsperOps manages USD $6 billion of annual cloud usage and has been growing revenue by more than 90 per cent. The integration plan includes linking ProsperOps’ automation with existing Flexera FinOps products, while maintaining continuity for customers and partners.
Jim Ryan, Chief Executive of Flexera, said demand for execution is increasing as enterprises scale AI services. “As enterprises adopt AI across their infrastructure, the need for intelligent, automated execution has never been greater,” said Jim Ryan, CEO of Flexera. “ProsperOps strengthens our ability to deliver on that promise, helping organizations govern cloud spend with precision and scale outcomes that were previously out of reach.”
ProsperOps was founded in 2018 and focuses its software on rate optimisation and automation of cloud commitments. It positions this automation as a counterpart to workload and usage optimisation led by engineering teams.
“ProsperOps was founded on the belief that many of the critical cloud cost optimization use cases, particularly rate optimization, could be delivered through AI-enabled management. As the market matures, customers are asking for more than point solutions; they want unified rate optimization, workload optimization, and cost visibility,” said Chris Cochran, CEO and Co-Founder of ProsperOps. “Together, we are uniquely positioned to deliver the comprehensive FinOps platform organizations have been asking for.”
Data cloud focus
Flexera is also targeting rapid growth in spending on data platforms. Many enterprises now run large analytics and AI pipelines on Snowflake and Databricks, which has raised concerns about unpredictable consumption-based charges.
Chaos Genius is a Data FinOps platform that focuses on these environments. It combines granular spend observability on Snowflake and Databricks with AI-driven agents that adjust resources and usage patterns. Flexera said Chaos Genius has helped some Fortune 500 customers cut data cloud costs by up to 30 per cent.
“Chaos Genius brings the autonomous automation through agentic AI for Snowflake and Databrick optimization that our customers and partners need,” said Jim Ryan, CEO of Flexera. “It delivers real-time intelligence and control that puts them back in command of their cloud and AI investments.”
Chaos Genius said the deal gives it a wider route to market and more enterprise customers. Its software focuses on instance right-sizing, workload optimisation and autonomous cost-saving agents, while aiming to preserve performance for analytics and AI workloads.
“Joining Flexera allows us to scale our impact globally and empower more organizations to govern data cloud costs amid exponential AI growth,” said Preeti Shrimal, CEO of Chaos Genius.
FinOps consolidation
Flexera has been expanding its presence in FinOps as more organisations adopt formal disciplines around cloud spend. The company’s Flexera One platform already tracks technology assets, costs and usage across cloud, software-as-a-service and on-premises environments. It integrates data from its Technopedia reference library and uses automation for IT asset management, FinOps and SaaS management.
The company said the ProsperOps and Chaos Genius acquisitions build on its earlier integrations of Spot and Snow. It now presents itself as a provider that spans the FinOps Framework defined by the FinOps Foundation, including cost allocation, forecasting, optimisation and governance.
Flexera is aiming at closer coordination between finance, engineering and procurement teams through execution-focused workflows. It said organisations require systems that go beyond dashboards and recommendations, and that can implement changes across cloud and data platforms automatically.
“Organisations need more than dashboards. They need execution,” added Ryan. “With ProsperOps and Chaos Genius, Flexera delivers the AI-powered execution layer for modern FinOps.”
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
The transactions add AI-driven automation across major cloud providers AWS, Azure and Google Cloud, and extend Flexera’s coverage to data platforms Snowflake and Databricks. The company said organisations increasingly struggle with fast-rising spend on cloud and AI workloads, despite gains in cost visibility.
Flexera now positions the combined offerings as a single FinOps suite that spans cost reporting and allocation, workload optimisation and rate management. The company said the additions also broaden its reach into emerging segments labelled FinOps for AI and FinOps for Data Clouds.
Cloud spend pressure
Businesses have expanded cloud usage for AI development, machine learning and data analytics, often across multiple providers. Many IT and finance teams have reporting tools, but they still act on recommendations manually.
Flexera said ProsperOps introduces an autonomous approach to cloud commitment management across AWS, Azure and Google Cloud. The platform focuses on the financial constructs that sit under cloud pricing, such as reservations and savings plans, and adjusts these over time without human intervention.
ProsperOps will operate as a Flexera company and retain its brand. Flexera said ProsperOps manages USD $6 billion of annual cloud usage and has been growing revenue by more than 90 per cent. The integration plan includes linking ProsperOps’ automation with existing Flexera FinOps products, while maintaining continuity for customers and partners.
Jim Ryan, Chief Executive of Flexera, said demand for execution is increasing as enterprises scale AI services. “As enterprises adopt AI across their infrastructure, the need for intelligent, automated execution has never been greater,” said Jim Ryan, CEO of Flexera. “ProsperOps strengthens our ability to deliver on that promise, helping organizations govern cloud spend with precision and scale outcomes that were previously out of reach.”
ProsperOps was founded in 2018 and focuses its software on rate optimisation and automation of cloud commitments. It positions this automation as a counterpart to workload and usage optimisation led by engineering teams.
“ProsperOps was founded on the belief that many of the critical cloud cost optimization use cases, particularly rate optimization, could be delivered through AI-enabled management. As the market matures, customers are asking for more than point solutions; they want unified rate optimization, workload optimization, and cost visibility,” said Chris Cochran, CEO and Co-Founder of ProsperOps. “Together, we are uniquely positioned to deliver the comprehensive FinOps platform organizations have been asking for.”
Data cloud focus
Flexera is also targeting rapid growth in spending on data platforms. Many enterprises now run large analytics and AI pipelines on Snowflake and Databricks, which has raised concerns about unpredictable consumption-based charges.
Chaos Genius is a Data FinOps platform that focuses on these environments. It combines granular spend observability on Snowflake and Databricks with AI-driven agents that adjust resources and usage patterns. Flexera said Chaos Genius has helped some Fortune 500 customers cut data cloud costs by up to 30 per cent.
“Chaos Genius brings the autonomous automation through agentic AI for Snowflake and Databrick optimization that our customers and partners need,” said Jim Ryan, CEO of Flexera. “It delivers real-time intelligence and control that puts them back in command of their cloud and AI investments.”
Chaos Genius said the deal gives it a wider route to market and more enterprise customers. Its software focuses on instance right-sizing, workload optimisation and autonomous cost-saving agents, while aiming to preserve performance for analytics and AI workloads.
“Joining Flexera allows us to scale our impact globally and empower more organizations to govern data cloud costs amid exponential AI growth,” said Preeti Shrimal, CEO of Chaos Genius.
FinOps consolidation
Flexera has been expanding its presence in FinOps as more organisations adopt formal disciplines around cloud spend. The company’s Flexera One platform already tracks technology assets, costs and usage across cloud, software-as-a-service and on-premises environments. It integrates data from its Technopedia reference library and uses automation for IT asset management, FinOps and SaaS management.
The company said the ProsperOps and Chaos Genius acquisitions build on its earlier integrations of Spot and Snow. It now presents itself as a provider that spans the FinOps Framework defined by the FinOps Foundation, including cost allocation, forecasting, optimisation and governance.
Flexera is aiming at closer coordination between finance, engineering and procurement teams through execution-focused workflows. It said organisations require systems that go beyond dashboards and recommendations, and that can implement changes across cloud and data platforms automatically.
“Organisations need more than dashboards. They need execution,” added Ryan. “With ProsperOps and Chaos Genius, Flexera delivers the AI-powered execution layer for modern FinOps.”
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
