9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
IBM announces the acquisition of Kubecost, a company specializing in monitoring and optimizing Kubernetes costs. The acquisition fits into IBM’s broader strategy to further expand its FinOps solutions.
IBM announces the acquisition of Kubecost, a company specializing in monitoring and optimizing Kubernetes costs. The acquisition fits into IBM’s broader strategy to further expand its FinOps solutions.
As the popularity of Kubernetes grows, with 84 percent of organizations currently using or evaluating it, so does the need for transparency and cost optimization. As containers become more widely used for modern workloads, cost transparency is becoming increasingly important for cloud teams. With the acquisition of Kubecost, IBM is responding to this need and further expanding its FinOps offering.
Following the recent acquisition of Apptio in 2023, IBM is integrating Kubecost’s expertise into its FinOps Suite. This suite combines cloud cost management with AI-based optimization solutions such as IBM Turbonomic. Kubecost provides real-time insights into Kubernetes costs and helps companies eliminate waste and use their cloud infrastructure more efficiently.
With Kubecost’s direct integrations with Kubernetes and cloud billing APIs, FinOps teams get a comprehensive view of their workloads, helping them optimize their cloud costs and avoid potential outages due to resource issues. IBM emphasizes that this new integration not only benefits FinOps and DevOps teams, but also supports the broader open source community.
The acquisition of Kubecost is a new step in IBM’s strategy to strengthen its automation portfolio through both internal innovation and strategic acquisitions. IBM has recently acquired several companies such as Turbonomic and Apptio as the company continues to address the need for less complexity and more control in IT environments.
Founded in 2019 and based in San Francisco under the leadership of Webb Brown (CEO) and Ajay Tripathy (CTO), Kubecost’s technology fits seamlessly with IBM’s goal of making cloud costs more manageable for enterprises around the world.
Source: IT Daily
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
