Navigating the Flexera and Snow Merger & ITAM-FinOps Convergence

As a longstanding partner of Flexera, we are committed to keeping our customers informed of critical updates, ensuring seamless transitions, and empowering them to make the most of Flexera’s technology solutions.

Today, we focus on two key updates: the Flexera and Snow merger's impact on IT Asset Management (ITAM) and the growing convergence of ITAM with Financial Operations (FinOps).

Flexera and Snow merger: what it means for customers

With Flexera’s acquisition of Snow Software, a major shift is underway to bring the best of both platforms to its customers. While both platforms – Atlas/SLM from Snow and FlexeraOne/FNMS from Flexera – will continue to operate in their current environments, leveraging the unique capabilities of each allows customers to continue using their existing tools while gradually gaining access to enhanced features that emerge as the two platforms harmonize.

How the merger will benefit you:

• Unified Data Models: By integrating data sources from both Snow and Flexera, customers will eventually access a centralized model offering comprehensive insights, advanced analytics, and AI-enabled recommendations.
• Enhanced SaaS and Shadow IT Management: The integration brings together Snow’s strength in Shadow IT discovery and Flexera’s advanced optimization capabilities, providing a robust solution for comprehensive IT visibility and cost efficiency.
• Scalable Solutions: These developments address the unique needs of both large enterprises and smaller, agile organizations, offering flexibility in customization, reporting, and managed services.

This approach prioritizes customer continuity and minimizes disruption, ensuring that organizations can continue managing their IT assets effectively while adopting advanced features as they are introduced.

The convergence of ITAM and FinOps: maximizing technology investment
A key trend impacting IT management is the convergence of ITAM and FinOps. The intersection of these domains supports organizations in managing the increasing complexity and costs of hybrid cloud environments. Both ITAM and FinOps aim to optimize technology spending, enhance resource allocation, and maximize ROI through effective asset and financial oversight.

Why the Convergence Matters

Organizations face growing pressure to not only track assets but also optimize spending and eliminate waste. According to industry insights, many enterprises struggle with underutilized or redundant software, resulting in significant waste across on-premise, cloud, and SaaS environments. By combining ITAM’s asset-focused management with FinOps’ financial optimization, companies can better navigate cloud cost structures and gain insights into comprehensive spend management across all IT domains.

Key benefits of bringing ITAM & FinOps together

• Enhanced visibility and control: The convergence supports improved visibility over all assets, from SaaS to IaaS and on-premises applications. By centralizing data, organizations can gain a holistic view of their IT landscape, enabling more strategic and informed decisions.
• Optimization of cloud costs: Through integrated asset and financial management, enterprises can better monitor cloud expenses, optimize workloads, and leverage the cost flexibility unique to cloud platforms.
• Efficient resource allocation: By converging ITAM and FinOps, organizations can establish shared data standards that improve resource allocation, streamline decision-making processes, and increase accountability.

This integrated approach aligns closely with the FinOps Foundation’s framework, which advocates for a collaborative model that drives cloud usage optimization and aligns with IT and financial goals. With Flexera as a leader in both ITAM and FinOps, organizations can be assured of a well-rounded solution that covers both operational and financial requirements.

Final Thoughts

Flexera's commitment to integrating ITAM and FinOps, along with its strategic merger with Snow, signifies an important evolution in technology management. As a trusted partner, we are here to support customers in leveraging these advancements, helping them navigate transitions seamlessly while maximizing the value of their IT investments.