ASHEVILLE – RISC Networks, a software as a service platform company focused on helping customers migrate operations to cloud computing, has been sold.
Illinois-based Flexera, a software company with some 1,300 employees, announced the deal Tuesday. It’s the fourth acquisition the company has made over the past two years.
“Flexera is fully committed to supporting existing RISC Networks customers and aprtners and growing that business. In addition, we are excited to leverage their skills to help Flexera integrate RISC Network’s technology across Flexera product lines,” a Flexera spokesperson told WRAL TechWire.
“As a part of those two goals, a majority of the 40 RISC employees and execs will stay on and the office will remain open in Asheville. As with other Flexera acquisitions, RISC Networks will become part of, and operate as, Flexera.”
The company declined to disclose financial terms of the deal.
“Our Cloud Management Platform optimizes cloud usage for our customers, and is well regarded by key industry analysts, including Gartner and Forrester,” said Jim Ryan, CEO of Flexera, in a statement. “But we’re always seeking to strengthen our capabilities in cloud migration—an area that’s becoming more of a focus for IT executives and analysts.
“With our acquisition of RISC Networks “we can help our customers even earlier in their journey to the cloud. We can now help them assess, prioritize and price which on-premise workloads they should migrate to the cloud.”
RISC Networks customers include CapGemini, IBM, Turner Broadcasting, Viacom and Eastman Chemical , according to Flexera.
