Thoma Bravo-backed Flexera to acquire the FinOps business from NetApp.

Thoma Bravo-backed Flexera, a computer software company, agreed to acquire the FinOps business from NetApp, a software company. Financial terms were not disclosed. “A tsunami of artificial intelligence applications is exponentially increasing organizations’ consumption of cloud resources. Yet, we hear from many organizations about the difficulty in answering basic questions like ‘what technology services do we use?’ and ‘why are our cloud bills so high?’. Our acquisition of Spot is the next step in Flexera’s strategic plan to provide organizations with a full panorama of their technology spend and risk across the entire IT ecosystem. We want to make it easy for anyone to find and analyze any data related to spend and risk for any kind of technology, anywhere it lives,” Jim Ryan, Flexera President and CEO.