Introduction

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%). 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.

About Kumolus and its cloud management platform

Headquartered in Melbourne, Kumolus is a SaaS-basedCMP (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 compliance standards such as PCI-DSS and CIS.

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More on Kumolus’s acquisition by CloudBolt

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.

Benefits of CloudBolt’ s Acquisition of Kumolus

  1. Enhanced Cloud Management: The acquisition enhances CloudBolt’s platform by adding Kumolus’ cloud management capabilities, which include better security, cost management, and governance features. This will provide a more comprehensive solution for enterprises managing hybrid and multi-cloud environments.
  2. Cost Optimization: Kumolus’ expertise in cost optimization will help CloudBolt’s customers reduce cloud expenses by up to 60%. This is a significant benefit for companies that face challenges managing their cloud spending effectively.
  3. Stronger Presence in APAC: Kumolus, with its established customer base and partners in Australia, Singapore, and India, will help CloudBolt expand its footprint in the Asia-Pacific region, which is a growing market for cloud services.
  4. Regulatory Compliance: Kumolus has met important regulatory compliance standards like PCI-DSS and CIS, ensuring that CloudBolt’s customers will have more reliable solutions for managing data security and compliance in their cloud environments.
  5. Improved Governance: With Kumolus’ governance capabilities, CloudBolt’s platform will be better equipped to meet the growing need for strong governance practices as more companies adopt multi-cloud and hybrid IT strategies.
  6. Stronger Innovation and Automation: Kumolus’ integration with CloudBolt will bring advanced orchestration, automation, and provisioning features to their platform, improving efficiency and streamlining cloud management for their customers worldwide.

Conclusion

The acquisition of Kumolus by CloudBolt marks a significant step towards improving their hybrid cloud management offerings. With added expertise in cloud cost optimization, security, and governance, CloudBolt is well-positioned to serve a global customer base, particularly in the growing APAC market. The combined strengths of CloudBolt and Kumolus will provide businesses with a more streamlined, cost-effective, and secure approach to managing their cloud environments.

Frequently Asked Questions (FAQs)

1. What is CloudBolt? CloudBolt is a US-based hybrid cloud management platform that helps businesses manage their cloud environments, focusing on cost optimization, governance, and security.

2. What is Kumolus? Kumolus is an Australian SaaS-based Cloud Management Platform (CMP) that specializes in providing solutions for cost optimization, security, and governance in cloud environments, particularly for Azure and AWS.

3. How does Kumolus help businesses? Kumolus helps businesses optimize cloud spending, enhance security, and ensure compliance with regulations like PCI-DSS. Their platform also assists with managing cloud resources and streamlining operations.

4. What is the impact of CloudBolt acquiring Kumolus? This acquisition strengthens CloudBolt’s platform with Kumolus’ specialized features, allowing CloudBolt to offer enhanced cloud management services, reduce cloud expenses for enterprises, and expand its presence in the APAC region.

5. How can businesses benefit from CloudBolt and Kumolus together? Businesses can benefit from a more comprehensive cloud management solution that provides better cost control, security, and governance, along with advanced automation and orchestration capabilities to streamline operations and meet hybrid cloud needs.