Thoma Bravo-backed Flexera completed the acquisition of ProsperOps and Chaos Genius from HIG Capital.

Thoma Bravo-backed Flexera, a global enterprise software company providing technology spend and risk intelligence solutions, completed the acquisition of ProsperOps, a povider of a FinOps automation platform for cloud cost optimization, and Chaos Genius, an AI-driven cost optimization platform, from HIG Capital, a global alternative asset investment firm. Financial terms were not disclosed. “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. With H.I.G.’s help, we significantly scaled the platform and organization, and we are now uniquely positioned to deliver the comprehensive FinOps platform that organizations have been asking for as we enter the next phase with Flexera,” Chris Cochran, ProsperOps CEO and Co-Founder.