PORTLAND, Ore., Jan. 6, 2016 /PRNewswire/ -- Cloudability, a leading cloud cost management provider, today announced it has acquired DataHero, a leading provider of self-service cloud BI. The acquisition positions Cloudability to better meet the demands of the rapidly growing cloud computing market. DataHero's San Francisco location will become Cloudability's first Bay Area location and a key part of future expansion.
"As companies spend more to run applications on public clouds, effectively managing deployment costs becomes increasingly important and complex. Mastering the cloud at scale requires thinking about spending as 'what did it cost us to do some important business activity?' instead of 'how much did I spend on IT last month?'. The activity can be almost anything: a webpage served, a widget sold, a ride taken across town or even a flight to the other side of the planet," said Mat Ellis, CEO of Cloudability. "For the last few years, DataHero has been helping their customers analyze and understand the business activities that matter most. That kind of innovation and expertise will be invaluable to our users."
The cloud computing and infrastructure market is expected to grow to $43 billion by 2018, according to Goldman Sachs. But the flexibility of the cloud is a double-edged sword. The cloud provides incredible access to computing resources, and as deployments grow, organizations face increasing visibility and management challenges. Cloudability makes it easy to monitor spending, optimize costs and govern cloud deployments, saving organizations an average of 30 percent on cloud costs in the first six months.
"Cloudability and DataHero are complementary in many ways – spanning from the mission of bringing greater usability and visibility to the cloud all the way through to company cultures," said Ed Miller, CEO of DataHero. "We are confident that this combination will significantly drive Cloudability's growing lead in its space."
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Cloudability specializes in cloud cost management tools that enable companies to manage cloud spending across departments, products and infrastructure. Designed for businesses running on public cloud services, like Amazon Web Services and Microsoft Azure, Cloudability gives companies the tools to track spending and gain the flexibility of the cloud without unnecessary or hidden costs. Cloudability's cost reporting tools provide businesses like General Electric, Uber and Adobe with granular visibility into all cloud usage and costs. Cloudability is backed by Foundry Group, Techstars, 500 Startups, Trinity Ventures and First Round Capital. The company is headquartered in Portland, Ore. To find out more information about Cloudability, visit: https://www.cloudability.com/.
LEWIS for Cloudability
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