Proven Optics has acquired CloudGenera.
Date – 13-Aug-2024
Proven Optics Enhances Cloud Financial Management with Acquisition of AI-Driven Analytics Platform CloudGenera
Proven Optics, a leading provider of IT Financial Management solutions, has announced its acquisition of CloudGenera, known for its cutting-edge cloud financial optimization solutions. This strategic move advances Proven Optics’ mission to build the most comprehensive IT financial management platform in the industry. The CloudGenera acquisition marks the beginning of a series of anticipated expansions, supported by a majority growth investment from Silversmith Capital Partners and strategic backing from ServiceNow.
“By joining forces, Proven Optics and CloudGenera will offer a more comprehensive solution, equipping our customers with enhanced IT decision analysis capabilities to build compelling business cases for cloud migration and optimization.”
CloudGenera provides vendor-agnostic IT analytics that help organizations build robust business cases for optimizing technology expenditures. Utilizing advanced AI and machine learning, CloudGenera automates decisions on application migration and modernization, significantly enhancing the accuracy of cloud cost forecasts and improving IT decision-making processes.
“Acquiring CloudGenera represents a major milestone for Proven Optics as we expand our cloud costing capabilities,” said William Miller, Founding Partner & Co-CEO of Proven Optics. “This partnership will enable us to offer a more comprehensive solution, enhancing our customers’ IT decision-making with advanced tools to build business cases for cloud migration and optimization.”
Founded in 2020, Proven Optics aims to empower IT and finance leaders with analytics and insights to improve business decisions by automating complex IT budget management. Available on the ServiceNow Platform and through the ServiceNow Store, the Proven Optics Financial Management Application Suite adds a financial perspective to decision-making for ServiceNow users.
The acquisition boosts the value Proven Optics delivers to its customers by integrating CloudGenera’s advanced AI and machine learning capabilities, enhancing cloud orchestration and budgeting decisions. This unified solution allows IT finance and cloud teams to manage their entire process within a single workflow, fully leveraging the ServiceNow platform.
“We’re thrilled to collaborate with Bill, Ben, and the Proven Optics team,” said Brian Kelly, Founder and CEO of CloudGenera, who will join Proven Optics as Executive Vice President of Product. “This partnership will equip our customers with a robust set of tools to optimize IT value and enable smarter decisions across their cloud infrastructure.”
