CloudBolt Software, The Cloud ROI Company and leader in cloud FinOps, is pursuing a strategic partnership with CloudEagle.ai, a leading SaaS management and procurement platform, to move toward a unified approach to optimizing and governing both cloud and SaaS spend.As FinOps practices become more mature, organizations are increasingly seeking to expand the boundaries of cloud financial management, according to the vendors.
The companies believe that once integrated into CloudBolt’s robust cloud cost optimization platform, CloudEagle.ai’s automated AI-driven optimization and governance capabilities will significantly reduce SaaS licensing-related inefficiencies and further ensure continuous cost optimization with minimal human intervention.
"The reality for today's cloud consumers is an overwhelming amount of 'sources of truth,'" said Kyle Campos, chief technology and product officer at CloudBolt. "The goal is currently and will always be to get to total cost of ownership for cloud costs. Today’s announcement represents CloudBolt putting another stake in the ground to make this a reality. By partnering with CloudEagle.ai, we intend to simplify and unify the fragmented landscape of cloud and SaaS management to achieve greater returns on cloud investments for our customers."
The new alliance has the potential to help companies further improve overall cloud value and ROI by offering:
- Enhanced cost visibility: Leveraging CloudBolt's tools and CloudEagle.ai's benchmark data to identify and act on SaaS optimization opportunities.
- Unified dashboard experience: Accessing CloudEagle.ai's KPIs within the CloudBolt Optimization dashboard for a comprehensive view of both cloud and SaaS spending.
- Continuous optimization: Utilizing the CloudBolt FinOps platform to highlight ongoing savings opportunities and streamline procurement and onboarding processes.
“We believe this exciting new relationship will enable organizations to manage their cloud and SaaS expenditures like never before," said Nidhi Jain, CEO at CloudEagle.ai. "By integrating our AI-driven SaaS optimization solutions with CloudBolt’s powerful platform, we jointly will be able to deliver unprecedented visibility and cost savings."
This partnership is part of CloudBolt’s Tech Alliance program, designed to create an ecosystem of integrated solutions that augment the company’s proprietary development efforts to further expand and enhance the CloudBolt Platform's cost capabilities.
The intent is for the new combined capabilities to be generally available in the CloudBolt Platform in Q1 2025.
For more information about this news, visit www.cloudbolt.io or www.cloudeagle.ai.