Flexera, a leading software asset management company, has recently announced its acquisition of Snow Software. This partnership aims to revolutionize IT asset management (ITAM) and financial operations (FinOps) by providing enhanced data intelligence and technology insights.

The collaboration between Flexera and Snow Software creates an unrivaled synergy, combining their domain expertise, technological prowess, and commitment to maximizing customer value. Jim Ryan, President and CEO of Flexera, emphasizes the shared mission of both companies: to empower customers to derive the utmost value from their technology investments. By leveraging their joint capabilities, the acquisition unlocks new opportunities for hybrid ITAM and FinOps.

In addition to delivering exceptional business outcomes for their customers, Flexera and Snow Software will continue to innovate, enhance, maintain, and support their respective solutions. This ensures that customers can confidently rely on the seamless operation of their IT assets.

Furthermore, the partnership extends support to the partners of both Flexera and Snow Software. Flexera will work closely with these partners, including those offering hosted options, to cater to the diverse needs of their customers.

With this acquisition, Flexera expands its ability to assist organizations in managing spend and mitigating risk. The unified views and actionable insights generated across the technology landscape enable customers to optimize spend and reduce risk. From large-scale enterprises to mid-size and smaller companies, this expanded offering supports hybrid environments of all sizes.

Vishal Rao, President and CEO at Snow Software, emphasizes that the collaboration will address the pressing challenges faced by global organizations, such as cost increases, security threats, rapid AI advancements, and uncertain market conditions. Together, Flexera and Snow Software aim to provide superior customer experiences, an expanded partner ecosystem, and innovative technology across ITAM, SaaS Management, FinOps, and beyond.

Flexera warmly welcomes Snow Software’s customers and partners into their family, recognizing their exceptional products, valuable customer relationships, and talented employees. The harmonious alignment of company cultures, missions, and long-term strategies will enable the delivery of market-leading ITAM and FinOps solutions that address the complex technology needs of their customers.

In conclusion, the acquisition of Snow Software by Flexera marks a significant milestone in the realm of technology management. With their shared vision and unwavering commitment to customer success, these companies are poised to shape the future of ITAM and FinOps, enabling organizations to fully realize the value of their technology investments. To discover how your organization can streamline IT asset management, irrespective of their location, explore the Flexera One IT Asset Management solution.

FAQs:

1. What is the purpose of the partnership between Flexera and Snow Software?
The partnership aims to revolutionize IT asset management (ITAM) and financial operations (FinOps) by providing enhanced data intelligence and technology insights.

2. How does the acquisition benefit customers?
The acquisition unlocks new opportunities for hybrid ITAM and FinOps, allowing customers to optimize spend, reduce risk, and derive the utmost value from their technology investments.

3. Will Flexera and Snow Software continue to support their respective solutions?
Yes, Flexera and Snow Software will continue to innovate, enhance, maintain, and support their respective solutions.

4. What support is provided to the partners of Flexera and Snow Software?
Flexera will closely work with its partners to cater to the diverse needs of their customers, including those offering hosted options.

5. What challenges will the collaboration address?
The collaboration aims to address challenges faced by global organizations such as cost increases, security threats, rapid AI advancements, and uncertain market conditions.

6. What can customers expect from the partnership?
Customers can expect superior customer experiences, an expanded partner ecosystem, and innovative technology across ITAM, SaaS Management, FinOps, and more.

7. How will the acquisition shape the future of technology management?
The acquisition marks a significant milestone in technology management, with the shared vision and commitment of Flexera and Snow Software to shape the future of ITAM and FinOps, enabling organizations to fully realize the value of their technology investments.

8. How can organizations streamline IT asset management?
Organizations can explore the Flexera One IT Asset Management solution to streamline their IT asset management, regardless of their location.

Definitions:

– ITAM: IT Asset Management refers to the process of tracking and managing an organization’s IT assets, including hardware, software, and digital resources.

– FinOps: Financial Operations, also known as FinOps, involves managing and optimizing financial processes and resources within an organization.

– Hybrid ITAM and FinOps: Refers to the combination of traditional IT asset management and financial operations with newer technologies and approaches, such as cloud computing and software-as-a-service (SaaS).

– SaaS Management: SaaS Management involves managing and optimizing the usage, costs, and security of software-as-a-service applications within an organization.

Suggested Related Links:
Flexera Official Website
Snow Software Official Website