UPDATED 21:41 EDT / JANUARY 24 2017

CLOUD

HPE acquires cloud financial management startup Cloud Cruiser

Hewlett Packard Enterprise Co. has acquired cloud financial management startup Cloud Cruiser Inc. for an undisclosed price.

Founded in 2010, Cloud Cruiser offers a cloud financial management solution that claims to enable enterprises and service providers to optimize costs and increase profitability in public, private, and hybrid cloud environments. The company’s platform provides “push-button collectors” for Amazon Web Services, Microsoft Azure, Google Cloud, VMware Inc. and WAP, making it easy for users to enter their credentials and upload their information, with data normalization capabilities to make it easy for enterprises to work across platforms that list details in different ways.

Cloud Cruiser user panel allows users to drill down to a granular detail with cost and usage information from all their providers at an aggregate level, delivering what they describe as a firm foundation for flexible, powerful analytics that is easily accessible. Existing customers include Microsoft, TDBank, NTT, Ford, KPN and perhaps not unsurprisingly HPE itself.

HPE intends to use Cloud Cruiser’s technology to meter and bill for customers’ consumption of information technology services, as part of its HPE Flexible Capacity offering that allows customers to manage infrastructure in their own data center but pay for it as-a-service. Upon completion of the acquisition, Cloud Cruiser will become a part of HPE’s Data Center Care portfolio within the Technology Services Support organization. Zabrowski, himself a former Hewlett-Packard employee from 1997 to 2002, will report to Scott Weller, HPE’s senior vice president of technology services support.

“Together, HPE and Cloud Cruiser will transform IT organizations, providing the Flexible Capacity solutions to help IT organizations spend less time on day-to-day operations and more time on innovation,” Weller said in a blog post.

Coming into the acquisition, Cloud Cruiser had raised $19.8 million over four rounds from investors that include ONSET Ventures and Wavepoint Ventures.

Image courtesy of Cloud Cruiser

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