TA Associates is a global growth private equity firm. Focused on targeted sectors within five industries technology, healthcare, financial services, consumer, and business services. The firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high-quality growth companies.

TA Associates

Flexera

Flexera Software helps application producers and enterprises increase application usage and the value they derive from their software. Its software licensing, compliance, and installation solutions are essential to ensure continuous licensing compliance, optimized software investments, and future-proof businesses against the risks and costs of constantly changing technology.  Over 80,000 customers turn to Flexera Software as a trusted and neutral source for the knowledge and expertise we have gained as the marketplace leader for over 25 years and for the automation and intelligence designed into our products.

<div>Flexera One offers an IT and cloud management software platform to improve app usability and cost effectiveness for enterprises. The platform allows analytics, insights, asset management, cloud application modernization, licensing use and compliance, and maximizing technological returns.</div>

Giving firms greater control over their SaaS stack

B2B SaaS Management Platforms

<div>Flexera is a cloud optimization company that provides Flexera One, an IT management solution for optimizing hybrid ecosystems.</div>

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Flexera One

Flexera Named a Leader in Cloud Cost Management and Optimization by Independent Research Firm

<div>
 
 Flexera One offers an IT and cloud management software platform to improve app usability and cost effectiveness for enterprises. The platform allows analytics, insights, asset management, cloud application modernization, licensing use and compliance, and maximizing technological returns.
 
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 G2 provides a SaaS spend management platform to reduce costs and eliminate waste for IT, Finance, and Procurement teams. It offers an integrated approach to recognize, analyze, and keep track of SaaS stacks, employee SaaS consumption, manage contracts and compliance, synchronize software requests, and gain insights and analytics.
 
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 Vendr (formerly Blissfully) offers a SaaS buying platform that leverages AI to find the best software to buy and manage the expanding stack in a single system of record for finance and procurement teams. The platform makes use of benchmarking data, SaaS buying experts, automated workflows and analytics and insights to streamline the purchase, renewal, and deal updates. 
 
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Vendr

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 BetterCloud offers a SaaS management solution, which it claims to be the market leader for SaaS operations, that aids enterprises in consolidating data protection and streamlining user lifecycle management. The platform features automated app discovery, app insights, automated workflows and user data. 
 
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BetterCloud

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 LeanIX provides an automated SaaS management system to help businesses reduce costs and boost productivity. The platform is designed to focus on tracking, managing, and benchmarking subscribed SaaS applications. 
 
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LeanIX

Platforms for cataloging, tracking and benchmarking a firms existing SaaS stack and discovering and purchasing new solutions that are a better fit for the organization

Platforms that help identify potential securities vulnerabilities of a firm's SaaS stack and provide a solution to ensure compliance with regulations.

Platforms that help eliminate SaaS wastage and optimize costs by providing spending analysis reports, contract renewal planning, and vendor management.

Integrated product offerings that provide complete solutions covering the entire life cycle of SaaS usage. A number of firms also offer managed services such as price negotiations with vendors

Solutions in this industry focus on providing tools for firms to manage its SaaS subscriptions

Uses AI/ML to analyze a firms SaaS stack and ensure compliance with privacy standards

Provide greater visibility on the usage and spending on SaaS platforms

Growth in remote and hybrid work arrangements led to growth in cloud-based SaaS solutions

<div>
 
 Flexera is a cloud optimization company that provides Flexera One, an IT management solution for optimizing hybrid ecosystems.
 
 
 
 
 Flexera One is a unified platform for visualizing an enterprise&rsquo;s entire ecosystem from on-premise to SaaS to cloud, delivering FinOps and cloud cost optimization, IT asset management, and cloud migration and modernization services. The platform provides visibility and insights into cloud resource allocation, cloud spend, and discounting structures to identify potential optimization and savings opportunities to drive down cloud expenditure.
 
 
 
 
 Flexera One allows for collaboration between multiple platforms for cost optimization and leverages AI and machine learning to automate governance of cost, operations, security, and compliance.
 
 
 
 
 Flexera follows a direct sales model.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Flexera serves large enterprises across various industries such as financial services, manufacturing, transport, and insurance. This list includes Walmart, Shell, BP, MetLife, Wells Fargo, Citi Bank, UPS, and Fedex.
 
 
 
 
 The company&rsquo;s technology partners include AWS, Azure, and IBM.
 
 
 
 
 Funding and financials
 
 
 
 
 In March 2021, Flexera raised USD 81.4 million in a Venture round.
 
 
 
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Harness is a cloud-based end-to-end software delivery platform that provides cloud cost management (CCM), among other modules.Harness CCM offers a holistic set of features to facilitate cost optimization of the development pipeline. It provides a single customizable dashboard to unify data and insights across multiple departments and cloud vendors. Further, it delivers automated anomaly detection and resource allocation to optimize continuous delivery (CD) workflows and allows for seamless integration with existing monitoring tools for an overview of cloud spend.Harness operates a consumption-based sales model with pricing based on the annual cloud spend.Key customers and partnershipsHarness CCM’s clientele ranges from individuals to large-scale enterprises across various industries, including healthcare, IT, finance, service, and SaaS. Notable customers include Synopsys, Relativity, Discover Dollar, and Carvana.Harness collaborates with many industry leaders to ensure wide service provision and integrations with various tools and platforms. Some of its key technology partners are HashiCorp, Benchmark, and Insight.

Harness

<div>
 
 Cloudchipr is a company specializing in cloud cost optimization and automation solutions.&nbsp;
 
 
 
 
 Cloudchipr automates cloud operations for engineering and finance teams, optimizing resources. Cloudchipr provides tools to prevent resources, including scheduled workflows for removal and notifications, policy-based actions, automatic on/off during nights and weekends, real-time cloud cost anomaly detection, actions based on resource tags, various notification integrations, and more.
 
 
 
 
 Cloudchipr adopts a subscription-based approach.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Cloudchipr&rsquo;s customer base includes DISQO, Flux, ServiceTitan, activeloop, AimHub, and HackerRank.
 
 
 
 
 Cloudchipr Cloud provides native integrations with AWS, Azure, and Google Cloud.
 
 
 
 
 Funding and financials
 
 
 
 
 As of September 2023, Cloudchipr&rsquo;s most recent funding round was in April 2023, when it raised USD 500,000 in a pre-seed round backed by Y Combinator.
 
 
 
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Cloudchipr

<div>
 
 
 
 Vega Cloud is a technology company offering a cloud cost optimization and management platform.
 
 
 
 
 The Vega Cloud Platform provides visibility and organization of cloud infrastructure with a unified view across major cloud providers. Vega Cloud platform provides near real-time data to influence spending and make intelligent trade-off decisions between cost, quality, and speed. The platform's proprietary unit economics and outcomes-oriented approach to cloud infrastructure optimization uses data context and automation to help businesses make decisions efficiently.
 
 
 
 
 Vega Cloud employs a subscription-based pricing model.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Vega Cloud provides native integrations with AWS, Azure, and Google Cloud.
 
 
 
 
 Funding and financials
 
 
 
 
 As of September 2023, Vega Cloud&rsquo;s most recent funding round was in September 2022, when it raised USD 9 million in a venture and debt round led by Album VC and Sun Mountain Capital. The financing was earmarked to scale up its product development and rapidly meet the increasing market demand in the FinOps category to support its growth.
 
 
 
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Vega Cloud

StackZone offers a suite of technology solutions for optimizing and enhancing various aspects of AWS cloud operations. StackZone offers a range of products and features encompassing AWS management tools, infrastructure optimization solutions, security services, application performance management, cost optimization solutions, analytics and reporting, automation, and support/consulting services. These offerings cater to various IT aspects, including resource management, performance enhancement, cost reduction, security, and operational efficiency. StackZone employs a direct sales model. Key customers and partnerships StackZone’s customer base includes enterprises in various industries. Among its customers are The Weir Group, Sigma Móvil, Vitaccess, Triario, and Keroppa. Funding and financials As of September 2023, StackZone’s most recent funding round was in May 2022, when it raised GBP 1.5 million (~USD 1.9 million) in a seed round.

StackZone

mist.io provides an open-source multi-cloud management platform aimed at optimizing costs and streamlining operations. mist.io’s unified dashboard and APIs provide real-time visibility into hybrid cloud environments to track, understand, and govern cloud spend and resource utilization. The platform also provides orchestration automations for repeatable deployments and the ability to create custom policies to control infrastructure access. Moreover, the platform eliminates the need for migration by allowing users to control legacy bare-metal servers from the same interface used for cloud infrastructure. The platform operates a pay-as-you-go and a subscription-based sales model. Key customers and partnerships mist.io is utilized globally in several industries. Some notable customers are SevOne, the European Parliament, the National Bank of Greece, the University of Colorado Boulder, and Windstream Enterprise. mist.io offers integrations with over 15 service providers and technologies. Some key technology integrators are AWS, Microsoft Azure, Google Cloud Platform, IBM Cloud, Alibaba Cloud, and VMware. Funding and financials As of September 2023, mist.io’s most recent funding round was in August 2019, when it raised EUR 480,000 (~USD 527,000) in a seed funding round led by Metvallon VC.

Mist.io

Tools that improve performance per spend by offering visibility and insights as well as leveraging pricing models such as reserved and spot instances. These also provide financial guardrails to enforce budgetary limits and other cost-saving opportunity recommendations

Tools designed to streamline and simplify various tasks and processes related to cloud computing. These help organizations manage and optimize their cloud infrastructure, improve operational efficiency, and reduce manual intervention

Tools that provide comprehensive features and functionalities to safeguard cloud resources and maintain adherence to industry-specific regulations for data protection and overall security

All companies in this hub provide optimization services for cloud-based platforms

Provides support for governance & regulatory compliance and transparency & insights regarding cloud spend

A few companies use AI/ML algorithms for workload optimization and deployment automation

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 IT insights provider, Flexera, has acquired Snow Software, a company that optimizes technology values and maximizes return on tech investments. Snow Software is particularly known for its focus on providing actionable insights in IT asset management, software as a service management, and financial operations.
 Through this acquisition, Flexera plans to strengthen and enhance both its own and Snow's solutions. The overall objective is to help organizations in managing their technology-related expenses effectively while minimizing risks. By offering a comprehensive viewpoint across different technology platforms, the combined entity aims to tackle escalating costs and emerging risks in the changing technology environment. Furthermore, the acquisition will also contribute to expanding the customer base and partner relationships, thereby delivering more effective solutions.
</div> Analyst QuickTake: 
 Flexera has been following a growth strategy focused on acquisitions to expand its product range, increase its market presence, and improve its technological abilities. This recent acquisition marks Flexera's first move since the Covid-19 pandemic. From 2015 to 2020, the company acquired a total of eight companies, such as RightScale in 2018, Revulytics in 2020, RISC Networks in 2019, and Brainwaregroup in 2018.

Flexera One

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