US-based CloudBolt acquires Melbourne’s cloud management platform Kumolus

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cloud management platform | iTMunch

US-based hybrid cloud management platform developer CloudBolt has announced the acquisition of Kumolus, an Australian cloud management platform company. The acquisition will boost CloudBolt’s cloud management platform with a set of security, cost-management and governance capabilities. The move is also designed to help the company expand its presence in the APAC region.

A 2020 Flexera report suggests that the top three challenges are governance (79%), managing cloud expenses (82%) and security (83%) [1]. Gartner 2020 IT automation predictions suggest that by 2021, more than 75% of large and mid-size companies will adopt multi-cloud or hybrid IT strategies. Additionally, 75% of all databases will be on cloud platforms, increasing the complexity for data governance and integration as well as reducing the DBMS vendor landscape [2].

About Kumolus and its cloud management platform

Headquartered in Melbourne, Kumolus is a SaaS-based CMP (Cloud Management Platform) that provides users deep day-2 operations in addition to continuous optimization for Azure and AWS environments.

Founded in 2012, Kumolus is one of the only worldwide CMPs to achieve the status of AWS Cloud Management Tool Competency and a recognized AWS Partner Network member (APN). The company has customers in Australia, Singapore and India along with an ecosystem of consulting, technology and MSP partners including Advent One and NEC Australia.

Kumolus, with its expertise in the industry, has been able to reduce reduce cloud spends of enterprises by up to 60% while meeting all the regulatory compliace standards such as PCI-DSS and CIS.

SEE ALSO: Fiveways International acquires German cloudtech firm openQRM Enterprise GmbH

More on Kumolus’s acquisition by CloudBolt

CloudBolt Software logo | iTMunch

Jeff Kukowski, CloudBolt Software’s CEO as a SaaS-based platform, Kumolus will strengthen CloudBolt’s mission of delivering time-to-time value to customers and with Kumolus’s cost optimization, visualization and governance capabilities, CloudBolt will be in an even stronger place.

As they grow their customer base beyond Europe and North America, they look forward to the momentum and partners that Kumolus has built to accelerate their growth worldwide, he adds.

Josh McGrath, CEO and Co-founder of Kumolus says CloudBolt continues to extend its leadership with the acquisition by offering enterprises with innovative security, cloud management and governance capabilities for Azure and AWS.

Mr McGrath adds that Kumolus and CloudBolt’s market-leading orchestration, automation and provisioning capabilities create a robust combination to help their joint customers and prospects worldwide in better meeting their hybrid cloud needs.

Sources

[1] Flexera (2020) “Flexera 2020 State of the Cloud Report” [Online] Available from: https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020 [Accessed August 2020]

[2] Gartner (2020) “Gartner’s IT Automation Predictions for 2020” [Online] Available from: https://info.advsyscon.com/it-automation-blog/gartner-it-automation [Accessed August 2020]

SEE ALSO: Cloud Accounting Giant XERO acquires Waddle for $80Million

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