Flexera announces the acquisition of RISC Networks

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Flexera, announced that it has acquired RISC Networks that will add a cloud readiness dimension to the Flexera portfolio. RISC Networks groundbreaking SaaS-based analytics platform helps companies speed their migration to the cloud.

“Our Cloud Management Platform optimizes cloud usage for our customers, and is well regarded by key industry analysts, including Gartner and Forrester,” noted Jim Ryan, President and CEO of Flexera. “But we’re always seeking to strengthen our capabilities in cloud migration—an area that’s becoming more of a focus for IT executives and analysts.

“With our acquisition of RISC Networks,” Ryan continued, “we can help our customers even earlier in their journey to the cloud. We can now help them assess, prioritize and price which on-premise workloads they should migrate to the cloud.”

RISC Networks’ primary products, Foundation and CloudScape help fast-growing companies like CapGemini, IBM, Turner Broadcasting, Viacom and Eastman Chemical more effectively move from on-premise to the cloud. The company’s innovative platform extends Flexera’s ability to deliver IT insights and spend optimization. The patented technology adds an essential business service view to existing visibility into software, hardware and cloud assets.

“This acquisition enables us to help our customers chart the most efficient and effective path to the cloud, avoiding costly missteps that can set back their digital transformation,” said Ryan. “It will allow our customers and partners to identify the best route forward. Adding RISC Networks to our portfolio will also help us build stronger relationships with cloud providers such as AWS, Microsoft Azure and Google Cloud, which will offer additional benefits when moving our customers to the cloud.”

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