Sweden’s Snow Software, a provider of tech intelligence solutions, has acquired Ottawa-based Embotics, a hybrid cloud management company. No financial terms were disclosed. Snow Software is backed by Vitruvian Partners, Sumeru Equity Partners and Ontario Pension Board
December 03, 2019
STOCKHOLM & AUSTIN, Texas–(BUSINESS WIRE)–Snow Software, the global leader in technology intelligence solutions, today announced it has acquired Embotics, a hybrid cloud management company. This acquisition brings together two market leaders, enabling CIOs to understand and manage their full technology stack from software and hardware to infrastructure and applications, regardless of whether they live on-premises, in the cloud or in a hybrid environment.
Embotics offers a platform-neutral cloud management solution with one of the quickest time-to-value in the industry. It provides a fast and easy way to automate provisioning, reduce costs and ensure governance across private, public, hybrid and multicloud environments. Leading enterprises such as Nordstrom, NASA and HBO, and service providers like LG CNS and NTT Data, use Embotics to drive their digital transformation.
“The rapid adoption of hybrid cloud by the enterprise has created new challenges for technology and business leaders who must maximize the efficacy and efficiency of technology without sacrificing innovation, productivity or security,” said Vishal Rao, President and CEO of Snow. “Technology intelligence is the future of asset and cloud management, moving beyond the silos created by point tools to provide the insight and manageability organizations need to gain a competitive edge.
Embotics is a highly strategic addition to Snow’s portfolio. We are thrilled to welcome the team to Snow and deliver even greater value to our customers and partners.”
“We built Embotics to provide enterprises and service providers with an easier, faster, platform-neutral and fully integrated solution for managing the hybrid cloud and beyond,” said Jay Litkey, Founder and President of Embotics. “Today, these organizations are strategically blending on-premises, private, public and multicloud architectures, and that requires a flexible and multi-faceted approach to gain agility through automation while controlling costs and risks. By joining forces with Snow, Embotics will continue to address these issues and answer the next generation of challenges with integrated capabilities at a global scale. Both organizations have a customer-centric DNA and commitment to innovation that will help us achieve our shared vision of technology intelligence.”
Together, Snow and Embotics will offer the first platform that delivers CIOs an integrated perspective across their entire technology stack, empowering them to tackle use cases that require insight into both on-premises and cloud services, such as cloud migration planning, Bring-Your-Own-License (BYOL) optimization and hybrid cloud cost management. The process of integrating Embotics into the Snow platform will begin immediately, and the companies will have a single go-to-market strategy starting in 2020. The combined business will be optimally positioned for strong growth with an expanded market presence as well as the field and operational resources needed to deliver cloud management at a global scale.
“As IT organizations work to balance transformation initiatives with day-to-day operations, hybrid and multicloud strategies are essential for today’s enterprise,” said William Fellows, Founder and Research Vice President at 451 Research. “Workloads now span public cloud, private cloud and legacy on-premises environments, and that mix is constantly changing to address the needs of the business. With Snow’s acquisition of Embotics, the market will benefit from the combination of their respective strengths on-prem and in the cloud, most notably when it comes to solving the unique challenges of hybrid environments.”
For more information on the acquisition and Snow’s platform, visit www.snowsoftware.com.
About Snow Software
Snow Software is the global leader in technology intelligence solutions, ensuring the trillions spent on all forms of technology is optimized to drive maximum value. More than 4,000 organizations around the world rely on Snow’s platform to provide complete visibility, optimize usage and spend and minimize regulatory risk. Headquartered in Stockholm, Snow has more local offices and regional support centers than any other software asset and cloud management provider, delivering unparalleled results to our customers and partners. To find out more about Snow Software, visit http://www.snowsoftware.com/ and follow Snow on Twitter @snowsoftware.